Telecom billing is one of the most important facets of a telecom operation. Correct monetization and execution of telecom strategies is only possible with a billing solution that caters to the pressing requirements of telecom operator.
There are other aspects of a telecom business like Business and Operation Support System, which need to be managed effectively.The Role of Revenue Assurance
Regardless
of how well you are delivering the services, it is vital that you provide
complete revenue assurance. In general, revenue assurance is the improvement of
process and profits without impacting the demand.
Whether you
are a MNO or wireless
MVNO, in 2021, it is very important that you offer complete revenue
assurance. Below are some steps that are needed for revenue assurance:
Flawless audit of transactions
Every
transaction needs to be audited. This is vital for eliminating mistakes, which
can lose you the trust of customers.
Reconciliation of carrier bills
It is
crucial that every bill that you get from carriers and interconnect partners is
reconciled. The billing
solution should come with this feature integrated, so that everything
can be done automatically.
Detection of frauds
Frauds are
part and parcel of telecom business. Companies that do not have a fraud
prevention strategy in place, they often lose a major chunk of their revenue.
Consistent analytics support
For a
telecom business to flourish in this day and age, the role of analytics become
s very important. To build a sound telecom strategy, analytics provide timely
insights. For example, you learn about what your customers are looking for and
monetize services accordingly.
New-Age BSS and OSS Telecom
While BSS is
responsible for business-facing tasks, the OSS finds faults and takes care of
the entire operation. New technologies
like NFV and SDN are incorporated in the telecom workflow, so that resources
are utilized completely. Along with revenue assurance feature, you need a
telecom platform that supports the innovation in telecom technologies.
Meeting the Challenge of IoT and 5G
IoT and 5G
services are going to put intense pressure on telecom billing and revenue
management platforms. The best telecom support systems are based on the cloud
and can be employed as SaaS. These cloud-based online solutions are constantly
evolving and can scale to the demand of powerful technologies.
Telgoo5 provides OSS, IoT BSS, telecom billing, revenue assurance and a wide range of telecom support services for MNOs, MVNOs and MVNEs. It is equipped with tailor-made APIs that can be installed for adding new functionalities into an existing system.
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