In a nutshell, 5G is the fifth generation technology standard upon which broadband cellular networks operate. It is fast, reliable, and has more data capacity than the previous generations of cellular technology. It began rolling out worldwide in 2019. Providing 5G to your customer base is a fantastic way to increase revenue.
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MVNE, or Mobile Virtual Network Enablers is a business entity that provides network infrastructure and business services to MVNOs, or Mobile Virtual Network Operators. This unburdens the MVNO from most business and support functions, while allowing them to offer services to customers with their own brands.
Read More… https://tinyurl.com/92x6mmww Billing and charging are two of the most important aspects of telecom operations. In today’s time, customers are really concerned about the charges that they incur as a result of their service usage. So, if you are making errors in your billing, which is very much possible when legacy charging systems are used, you are likely to face a backlash sooner rather than later.
Evolved Charging Platform to Meet Evolving RequirementsThe pace of innovation of telecom tech has increased a great deal in the past. Companies in the telecom domain need to keep up with the pace and come up with billing solutions that meet emerging customer requirements. For example, MVNO, MVNA and MVNE need to have carrier-grade billing and B/OSS platform in order to keep their customers satisfied. In case, a customer has already used self-care and other innovative options from other major telecom services provider, he would be less willing to come on board even if the services are reasonably priced by an MVNO. Source https://www.fortunetelleroracle.com/news/take-a-modernized-approach-to-billing-and-charging-with-next-gen-ocs-330892 https://www.article1.co.uk/Articles-of-2020-Europe-UK-US/take-modernized-approach-billing-and-charging-next-gen-ocs https://www.fuzia.com/article_detail/276084/improve-billing-and-charging-at-every-step-with-ocs-system https://kruthai.com/read-blog/25514 https://kaalama.org/read-blog/30517 https://social.heyluu.com/read-blog/28702 Access an Evolved OCS System for Next-Gen Billing An evolved OCS System keeps itself updated with the latest technology and compliances. In today’s world, failing to comply with the standards and rules set by the regulatory bodies such as FCC in the US can become a major headache for businesses. Getting hit by a violation charge is bad for reputation. In the worst-case scenario, if you are unable to meet critical tech specifications and not operating as per standards, your business prospects could be hit pretty badly. OCS system should stick to the standard tech specifications laid down by 3GPP, so as to prevent revenue leakage. Top OCS systems provide the following features: First-class credit limit implementation With the advent of IoT and 5G, customers are expected to incur high charges if the data is not throttled or notifications are not provided timely. An OCS that always implements credit limits accurately ensures customers never have to pay additional charges without any knowledge. Unified billing via consolidated charges As an OCS can charge every service at one point, it is able to perform unified billing. Both event- and session-based charging are possible. It means Internet charges, mobile data charges and call minutes can all be calculated at the same point. Therefore, CSPs can send consolidated bills that depict bifurcated charges for all services. Fault tolerant and high load bearing capacity An OCS needs to be powered by in-memory computing architecture for it to perform millions and millions of calculations every day. Top OCS systems ensure that the computing resources on the cloud are good enough to prevent faults and handle high loads.https://www.fortunetelleroracle.com/news/take-a-modernized-approach-to-billing-and-charging-with-next-gen-ocs-330892 https://www.article1.co.uk/Articles-of-2020-Europe-UK-US/take-modernized-approach-billing-and-charging-next-gen-ocs https://www.fuzia.com/article_detail/276084/improve-billing-and-charging-at-every-step-with-ocs-system https://kruthai.com/read-blog/25514 https://kaalama.org/read-blog/30517 https://social.heyluu.com/read-blog/28702 Billing and charging are both critical aspects of modern-day telecom operations. In order to thrive in today’s market, you need the best billing platform that can offer complete transparency and keep customers on board.
Meet Requirements in Real-Time with Online Charging System An Online Charging System (OCS) is a type of convergent charging system that caters to the unique needs of businesses. It has the capacity to store large amount of data, and the processing power to charge every service in real-time i.e., <5ms. Due to the fast speed of service charging, it becomes possible to charge and rate both event- and session-based services at the same time. Telecom operators can now collate every service charge on a single document. This provides complete convenience and comfort to the customers using multiple services from an operator. Another important facet of OCS is its ability to offer credit control and real-time notifications. Customers get immediate notifications when they are just about to exceed their allotted quota of data limit or call minutes. Hence, they never really have to pay anything extra, unless they actually want to go over the limit to use additional services. The OCS allows for quick monetization and telcos are easily able to bundle different services as per their marketing strategy. It offers complete revenue assurance and comes with bolstered data security. Source: https://no1friend.com/read-blog/10929 https://7smabu.com/read-blog/9046 https://www.promorapid.com/read-blog/10840 https://upster.app/read-blog/9067 Essential Features of OCS in 2021 Apart from the basic functionalities it offers, an OCS needs to offer these features for it to be considered an asset for your MVNO: • It should have analytics to make sense of user consumption details, their preference, buying patterns, subscribed services etc. With an AI-powered OCS, you can make better business decisions and improve your MVNO’s functions. • Reporting is also very important as it allows you to monitor customer behavior • A 3GPP compliant OCS is a must have in 2021 as it provides better security and complete revenue assurance Summary A convergent charging system like OCS can really change the game for an MVNO. With its ability to charge and rate services in real-time, it allows for consolidated billing. An OCS also allows for complete revenue assurance, which is necessary for winning customer trust. Integrated with analytics, an OCS can provide better insights that can be readily used by MVNOs for business benefits. More https://fnetchat.com/read-blog/13092 https://selfieoo.com/read-blog/7637 The mobile telecom industry is intricate and filled with several players. It might occasionally be challenging to comprehend what they actually accomplish and how they bring worth. MVNOs will be able to build B2B and B2C services and will have access to cheaper rates in the telecom wholesales sector. They can, for instance, develop exclusive deals for IoT. (data only). The MVNO will charge the customer. In actuality, the MVNOs are mostly just a different MNO brand. MVNAs rely on the MNOs they collaborate with. For instance, it's doubtful that an MNO will want to engage closely with MVNAs if they wish to have direct contracts with each MVNO they enable.
Read More : https://www.onlinechargingsystem.com/blog/market-revolving-around-mno-mvno-mvne-mvna/ In these times of complex business setups, telecom industry is also evolving rapidly. Diameter control system specifies many core telecom functions. A top billing system has a quality charging system at its heart, which is excellent at credit control. A quality OCS allows you to monetize services quickly and stay transparent in your day-to-day billing. As a result, the quality of billing improves and even small telcos are able to compete with major players in the market when they have the right OCS system.
Stay ahead of competing MVNOs and MNOs by leveraging the best charging system that implements accurate diameter control. Monetize services fast and enforce credit limits consistently by using Online Charging System. MVNOs are an integral part of telecom industry. The developed world has been using the MVNO model for a long time, but it is now the right time for MVNOs in the developing world to come to the fore. By leveraging a powerful Online Charging System, MVNOs can easily perform their day-to-day billing and charging tasks. It can help them monetize services better and serve the different segments of market including the financially weaker customer groups. Read More . Unmask Huge Potential of MVNO Source https://outboundservices.home.blog/2021/04/08/launch-attractive-plans-for-customers-in-developing-world-with-convergent-billing-platform/ Tough competition beckons in 2021 as companies strive to get out of the rut that was 2020. After the hiccups of Covid-19 pandemic, it is the right and possibly the only time, to maximize revenue for both MNOs and MVNOs. One of the most fundamental requirements for showing innovation in telecom service delivery is by improving the billing and charging functions.
Move to Convergent Charging System for Best Results In order to stay progressive and bring in creativity, you simply need to have the right tools for the job. A convergent charging system serves as centralized place to charge every transaction. What it means is that you are not only able to charge every service but also monetize plans with a combination of distinct/disparate services. An interesting combination of different services is more likely to appeal to the subscribers. You can also offer a wide range of discounting schemes to attract customers to certain packages. Another thing that an Online Charging System offers is simplicity and intuitiveness. It is way simpler to organize a system that lets you calibrate all services via a single platform. Every player in the market – MNO, MVNE, MVNA and MVNO – can be served better with a fully-functional Online Charging System (OCS). In short, a dynamic OCS is the most pressing requirement of 2021. |
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August 2019
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