Convergent billing is a critical requirement of telcos. The major players in the telecom market including MVNO and MNO are better served with a convergent billing system. Not so long ago, prepaid, postpaid, broadband, VAS etc. were billed separately. It used to create huge challenges in plan conceptualization.
Packaging one service with another was a tough task, and required major alterations in the billing system.Convergent
Billing Simplifies the Challenge
A
real-time Online Charging System (OCS) forms the foundation of a strong
modern-day telecom operation. Whether you are an MVNO or MVNE, it is
critical to have an OCS because:
·
A 3GPP compliant OCS prevents
revenue leakage
·
Enforces credit limits accurately
and stops subscribers from unintentionally exceeding their credit limit
·
Leads to the creation of fully
itemized and bifurcated invoices that reflect every service charge at a single
place
·
Manages the complete account
balance of customers, and deducts the service usage from the allotted quota in
prepaid services
·
Rate and charges every
transaction in real-time, and provides MNO and MVNO a clear idea of current
situation
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