It goes without saying that one of the most integral aspects of any business is how the billing solutions are being executed and handled. Cash flow is what makes any company successful and implementing the most efficient and effective charging system should be one of your top priorities. To keep up with the Internet of Things (IoT) and to maintain a level of excellence for the charging-side of your company, how should you be handling your billing solutions?
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Temptation of Cheap Telecom Billing Software and How to Overcome It
Telecom billing software lays the basis for a telecom operation to grow upon. It has great significance for both MNOs and MVNOs that are always in a war of competition amongst them. There are different aspects of a telecom operation that need to be accounted for by telecom billing systems. A professional approach to telecom billing is a must, if you truly want to keep your customers happy and your day-to-day operations organized.
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Avoid Pitfalls of Subpar Inventory Management with Proven Telecom Software Solutions
The value of inventory management isn’t always reflected in the revenues generated by companies. But, veterans across all industries understand its significance and keep it at the forefront of their thoughts. The situation is quite different for small virtual operators i.e. MVNOs who simply do not have the wherewithal to establish the infrastructure required for flawless inventory management. The key is to partner with an MVNE that has proven telecom software solutions to undertake a project of any magnitude.
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Why Telecom Software Solutions Are Pivotal for Telco Success?
Telecom industry is going through one transformation after another with the launch of new technologies. For a telecom operator, it is essential to keep up with the emerging changes and deliver services that are pertinent to the modern-day subscribers. This is where telecom software solutions come into the picture. A platform that is intuitive and user-friendly allows telecom operators to conceptualize better telecom offerings, which is essential for their success.
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Bill Shock No More with Convergent Telecom Billing Systems
Telecom billing systems have kept on evolving since their inception in the early 1990s. In the years gone by, telecom billing was primarily done for simple services like voice and SMS. The plans were simple and the significance of billing software was not that high. But, with the addition of data-based services, the pressure on billing and OSS software telecom systems has reached unfathomable proportions. No longer are customers satisfied with separate bills for different services. The paradigm of prepaid/postpaid billing has shifted completely and a centralized charging architecture has become the staple of successful telecom billing systems.
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6 Criteria Telecom Billing Systems Need to Pass for MVNO Success
Mobile Virtual Network Operators (MVNOs) have become an integral part of the telecom industry as they fulfill the requirements of subscribers who are not satisfied with the services of MNOs. But, being an MVNO in the present-day competitive world is not easy. Many MVNOs are conceptualized with great visions and seem to work well in the beginning, but they often struggle to maintain their momentum because of one reason or another. Whatever the reason may appear on the surface, the root cause of their problem lies in the telecom billing systems they employ.
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How a BSS Billing System Will Positively Impact Your Business
Within the last couple of years, there has been exponential growth in the telecommunications industry. This has resulted in a rise in demand for efficient BSS (Business Support System) billing systems.
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Unearthing the Real Valuable Traits of Telecom Software Solutions
As competition increases between companies in the telecom industry, telcos are at a juncture where they need to push for innovations that can actually make a difference. The pressure to come up with creative offerings is immense, especially on smaller virtual operators that go by the name of MVNO (Mobile Virtual Network Operator). As these operators cater to a smaller customer base, they are at a higher risk of losing their complete revenue source due to subscriber indifference. Hence, the need to invest in telecom software solutions that can actually make a difference is high.
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Immediately Increase ARPU with Convergent Telecom Billing Services
A Sudden Need for Convergence
Not so long ago, telecom billing was divided into postpaid billing and prepaid billing. Disparate billing systems – Ericsson IN for prepaid and Amdocs for postpaid – were the standout billing systems at a time when telecom billing offerings could be counted on the fingers of one hand. But with a sudden deluge of new technologies, the industry has woken up to a number of new telecom billing services that simply cannot be monetized by employing a traditional telecom billing system.
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Turn Modern-Day Challenges to your Advantage with Advanced OSS and BSS services
OSS and BSS services play a key role in the day-to-day operations of telecom operators. While BSS performs management of orders, customers and revenue; OSS is responsible for core process-related tasks like service delivery, network management and provisioning along with order fulfillment. However, the role of both these quintessential telecom systems has evolved considerably in the recent past. An increase in the number of services and subscribers has compelled telcos to look for telecom billing systems that can scale both vertically and horizontally.
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