The market values and trades on the recurring monthly revenue (RMR) of a customer base, but there are a number of definitions and business systems used to classify and document that RMR. Within your due diligence efforts you should review the customer dynamics of
to confirm the performing nature of that base. However, in a large transaction it is often difficult to dive into each customer, even after exporting the base into an Excel format that can make it easier to work with.