"Revenue leakages" refers to instances where a company's income or funds are lost or wasted unintentionally. It can happen through various channels such as billing errors, inefficient processes, unauthorized discounts, or unrecorded transactions. These leakages lead to a decrease in the company's revenue and can impact its financial health.
Full definition
Synonyms for individual words can be found below.
«revenue»
«leakage»
Sentences with «revenue leakages»
- The team is also taking a more proactive approach to tackling fraud and recovering debt so it can reduce revenue leakage and help improve the business's bottom line. (legalweek.com)
- The company says the move will help curb the problem of illegal connections which result in revenue leakages. (ghanapoliticsonline.com)
- Saraki reiterated the commitment of the Senate under his leadership, to work to block all areas of revenue leakages while also strengthening the anti-corruption agencies. (nigeriapoliticsonline.com)
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