Gone are the
days, when establishing a high-quality network infrastructure was the sole
requirement of a successful telecom operation. Nowadays, the success of telcos
is decided by their ability to launch innovative plans that evoke customer
interest. Basic services like voice and SMS are no longer the difference
makers. There is a need to bundle basic services in attractive packages and
complement them with new and evolved services. If a telecom operator wants to
succeed in the current state of the industry, it needs to have a quality telecommunications billing software solution to meet all the emerging requirements.
The Importance of APIs
Application
Program Interface (API) has become extremely important for telcos. Due to
frequently changing requirements in the industry, a telecom operator needs to
find ways to adapt its services according to the market and preferences. However,
the cost of sending the telecommunications
billing software back to the vendor for customization or buying a new
software solution is quite high. This is where APIs come into the picture.
Consider a
case where you want to deliver SIM cards to your subscriber; however, you do
not have any previous partnership with a shipping vendor. In this case, you can
use an API that gives you direct accessibility to the shipping partners of your
vendor. Likewise, if you need to integrate different payment gateways, you can
simply install an API that instantly gives you access to different gateways for
collecting payment.
These are
just a few situations, in which, APIs can come in handy. When you use a quality
telecom billing service like Telgoo5, you get access to many more APIs that can
come in handy in different situations.
Other Things to Look Forward in your next Telecommunications
Billing Software
Apart from
powerful APIs, you should also look for the following attributes in your next
telecom billing software:
Analytics for deriving insights about subscriber preferences and
market trends
Telecommunications billing software solutions
track and also generate copious amount of data. This data can be leveraged by
using an AI-powered software solution that draws business critical insights
from the dataset. These insights have many uses. You can learn a lot about
customers’ purchase habits, preference for specific data plans, market
turbulence etc. After understanding these business-critical insights, you can
create effective business strategies.
Convergence in billing
OCS is an
integral part of telecom billing system architecture. By
procuring a 3GPP compliant OCS as part of your billing system, you can ensure
complete convergence in billing and eliminate the risk of any revenue leakage.
A quality OCS charges all the services based on number of events or length of
sessions. The centralized charging allows you to create convergent bills with
charges for all the services reflected in a single invoice.
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