Launch Attractive Plans before Your Competition with Top Telecom Billing Systems

The way the telecom industry works these days, launching the best service does not always translate into profits. It is your ability to understand the pulse of the market and launching plans at the right time – before your competition – is what clinches the deal with the customers. Especially if you are an MVNO or a small player in the telecom industry, you do not always have to spend millions before you taste success. The sweet recipe of success lies in partnering with the right telecom billing systems vendors who have top telecom billing systems to back your vision.

Top Telecom Billing Systems: What to Look For?

All telecom billing systems vendors promote their billing systems in the best possible way, which makes it very hard for anyone to select the one that fits their requirements. Below is a guide that can help you make the right decision:

top telecom billing systems

  1. A billing system that allows for monetization of all the present and future services/partnerships – Telecom industries’ major revenue stream i.e. calls and SMS have almost reached a saturation point in terms of growth. Data speed is also supposed to reach its apotheosis with the full-fledged launch of 5G. With vertical growth almost complete, it’s time for the operators to look elsewhere. As OTT (Over the Top) services grow in appeal, this is the right time to partner with vendors that have rich media content. Also, it is time to focus on rampant technologies like IoT, which is supposed to grow leaps and bounds in the coming decade. Hence, you need a telecom billing software solution that lets you monetize your future partnerships. The quicker your billing solution can be tuned in with the new services, the faster you will be able to launch your plans.
  2. A billing system on the cloud – Cloud computing has become a major phenomenon in the IT industry and it is high time that the telecom industry makes the most of it. Moving your billing to the cloud has two major advantages: scalability and security. A scalable telecom billing system allows you to launch multiple combinations of services in different packages to different regions. You can even test the impact of your plans by first launching a pilot plan for a restricted user base and then upon tasting success, you can increase the scale to meet the requirements of a larger base. On top of scalability, top telecom billing systems provide you more security than any in-house billing system. In case, one of the sites where your billing information is stored is compromised, you always have the option to fall back on another site.
  3. Backward compatible and quickly launch able billing system – Unlike bigger players in the market, MVNOs do not have the luxury of biding their time and being non-operational while they migrate to a new billing system. Therefore, you should associate with telecom billing systems vendors that can hold your hand and offer support while you change your billing system. Also, it is essential that the billing system is backward compatible with your older services, so you do not suffer losses during the switch.

Overcome the Whirlwind of Competition with Agile Telecom Software Solutions

Over the last few years, MVNOs’ (Mobile Virtual Network Operators) have become an integral part of telecom operations. With their innovative and low-priced offerings, they have brought essential telecom services at the doorsteps of people in the lower-income group. Moreover, MVNO services cater to certain specific customer bases, making them ideal for customers whose requirements are not fulfilled by the MNOs (Mobile Network Operators) in their area. However, MVNOs are increasingly becoming competitive due to a rapid rise in their numbers. So, if you are an innovative MVNO but aren’t able to launch your creative plans at the right time, it is time to partner with an MVNE that has dynamic telecom software solutions. Continue reading

Secure Your Digital Future by Investing in Cutting-Edge Telecom Billing Software

There is no denying the fact that the telecom industry is evolving at a rapid rate. The influx of newer services is happening quickly, and with it, the competition is growing manifold. To address the challenge posed by the competition, telcos have changed their approach from product-centric to customer-centric. In the present state of the telecom industry, customers hold all the power when it comes to making a brand or destroying it completely. This is the main reason why; it is essential to invest in a telecom billing software solution that helps you launch innovative services that can evoke interest in customers. Continue reading

Enjoy New Charging Models and Vendor Partnerships with a Revolutionary OSS Billing System

Off late, telecom operators have found themselves under intense pressure to come up with innovative services to counter the threat posed by emerging competition. While some are wholeheartedly accepting the challenge, others are left befuddled by the complexity of the task at hand. Although the challenge is the same for everyone, the ones with an obsolete telecom billing system software are at a clear disadvantage. This is the main reason why; they are shying away from making the necessary changes. Continue reading

Why Telecom Billing Systems Have Become so Important for Businesses?

The rampant entry of new players in the telecom industry and the waning use of voice and SMS services have the established telcos worried about their future prospects. Due to the intense competition and receding profits from their traditional offerings, telecom operators are looking for new avenues to improve their bottom line. From telco-OTT partnerships to launching fresh and improved offerings like bundled services, telecom operators are trying their hand at everything to garner customer interest from all corners. However, many telcos are failing to bring their services to market in time, which is leading to lost opportunities. The primary cause of this failure lies in the poor telecom billing systems they have employed. Continue reading

Attract Unbanked Customers around the World by Using Top Telecom Billing Systems

In modern times, m-commerce has become all the rage due to an increase in the number of subscribers who make orders using their mobile phones. This new trend is catching on fast, which provides a wonderful opportunity for telcos to exploit it. As almost half of the world is unbanked (nearly 50% of people in the world do not have access to banking services), a telecom operator would be foolish to let go of the opportunity of tapping into this market. A great way to access the m-commerce market is by employing top telecom billing systems that provide a mobile wallet facility. Continue reading

Make the Most of CSP and OTT Vendor Partnership with Telecom Software Solutions

‘Wrong billing is frowned upon by customers across the globe’. This statement is never truer than in the context of telecom billing, which is becoming increasingly complex with the rise of new services and emerging competition from various sectors. As popular services like OTT (Over the Top) eat into the revenue of telcos both big and small, the margin for error has become very slim. A telecom operator simply cannot afford to be lax when it comes to employing telecom software solutions as it is on them lies the whole burden of the extremely critical billing operations. Continue reading

Convergent Billing: The Biggest Reason for Hiring a Telecom Billing Specialist

Billing has emerged as one of the key requirements of telecom operators in the recent past. Nowadays, no operator can breathe a sigh of relief till he has procured the services of a telecom billing specialist that knows the ins and outs of the present-day telecom industry. The main reason for this desperate desire to improve the billing process comes from the frequent launch of new and improved services that need to be accommodated in a billing system. As legacy billing systems are simply not good enough to incorporate such changes dynamically, it becomes essential to switch to modern and convergent telecom billing services. Continue reading

Telecom Billing Services Trends: Past, Present and Future

With a projected growth of 10.7% between 2016 and 2025, revenue management and telecom billing market in the US looks to be evolving. As competition between telcos increases across the globe, similar growth is expected in other regions as well.

The demarcation in telecom billing and revenue management is formed on the basis of various parameters such as billing solutions, telecom billing services, meditation software, fraud management software etc. The market is further divided on the basis of the type of deployments – cloud-based, in-house or a hybrid of both. With so many different parameters governing the changing dynamics, it is hard to ascertain the trends that will shape the future of telecom billing systems vendors.   Continue reading

Why OTT Should Be Kept in Mind before Procuring Telecom Billing Solutions?

In recent times, telecom billing has emerged as an important tool for garnering customers’ trust. With accurate and transparent telecom billing software solutions, it becomes a whole lot easier to convey to customers that you actually care about them. Also, with the rise of convergent and agile billing solutions, customer services processes have improved considerably. However, one of the biggest challenges in telecom billing in recent times has been managing the billing tasks for OTT (Over the Top) services. Continue reading