There are various aspects of modern day telecom billing that have become way more complex than in the past. Not so long ago, it was all about prepaid, postpaid and broadband services. However, nowadays, telecom operators have to contend with a range of technologies that are emerging every few years. In the constantly evolving landscape of the telecom industry, it is important to have a quality billing system software solution that can perform day-to-day charging and billing.
The Value of Billing and Provisioning Software for MVNOs
Billing and provisioning software are extremely important for an MVNO. Whether it is a data MVNO or a full-fledged MVNO that deals in all types of services, effective monetization is the key to business success. The value of a billing system software solution lies not only in its functionality but also in its ease of use. As most MVNOs are not very tech-savvy, they find it hard to understand complex software. On the other hand, a standalone billing system that is powered by a real time charging platform can do wonders to the overall work performance of MVNOs. The value of an intuitive software solution is based upon:
Real time charging performance
The billing system should be powered by a real time charging system. Telecom billing partners such as Telgoo5 use a cloud-based Online Charging System, which performs accurate real-time charging exactly as per technical specifications laid down by 3GPP. Such a system ensures complete revenue assurance, which is vital in building trust with the customers.
APIs
In the changing landscape of telecom billing, APIs bring in new functionalities that can prove incredibly useful. By using a relevant API, a vendor can add a shipping vendor partnership and manage the entire relationship through the billing system. In the same vein, it is possible to add a completely new telecom billing database. And all this is done without any software customization. As a result, APIs help MVNOs reduce the recurring software expenses, which can prove detrimental to the health of a telecom business operation.
AI for anticipating needs
In today’s world, you need all the help you can get to improve the revenue streams. An AI-powered system like Telgoo5 can prove immensely useful as it anticipates subscribers’ need beforehand. It allows telecom operators such as MVNOs and MVNEs to stay proactive and deliver their BSS and OSS services in a much better way. The value of AI is only going to increase in the coming future, so it is important that you employ a cutting-edge platform like Telgoo5.
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