Not all MVNOs are tech-savvy and have the necessary resources to match up to the telecom giants. This is why they need support from different vendors, in order to grow across multiple verticals. Be it traditional calling and SMS services, or futuristic IoT and 5G services, MVNOs need a versatile platform to get the job done. A versatile telecom charging system that can help them monetize both present and future services is the minimum requirement. Extend Outreach by Delivering What your Subscribers Want When you do your job well and keep your subscribers satisfied, they bring in more customers. So, it is essential for telcos, especially small MVNOs to keep their subscriber base happy. An MVNO depends on MNO, MVNE and MVNA for a lot of its day-to-day functions. The only thing that it really needs to do well to keep its customers satisfied is perform attractive monetization and deliver its services flawlessly. With a convergent charging and billing platform, it can be done. Benefits of Versatile convergent Charging and Billing Telecom System With a versatile Online Charging System, it is possible for MVNOs to monetize their strategies quicker. In the MVNO race, the first operator with the most attractive plans always wins. So, an OCS becomes absolutely critical. A Telecom Charging System empowered by an OCS can help you in:
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Enforce policies better and immediately win subscribers’ trust with convergent charging. A real-time online charging system offers convergence in billing and allows you to integrate complex tariff plans easily. Incorporating new services and attractive bundle packages becomes simple and you are able to exploit market trends by launching plans quickly. Convergence allows you to keep up with the emerging technology and fulfil new customer demand whenever they arise. Convergent charging is a concept that all businesses in the telecoms industry need to familiarize themselves with. In the simplest of explanations, this type of charging method allows providers to consolidate all of their rendered services into one solo platform Given the requirements of modern-day telecom industry, an online charging system is extremely important. By charging events and sessions on real-time basis, it allows for completely convergent billing. Telcos are able to create detailed and bifurcated invoices that reflect all the charges of every service used by subscribers. Considering the evolution of new and more complicated technologies like IoT and 5G, there is a need for better billing solutions. Our modern IoT billing solution is perfect for tracking data usage and billing subscribers accurately. Not only that, it enforces credit limits rigorously and prevents customers from exceeding their allocated quota.
Source : https://www.onlinechargingsystem.com/blog/warning-signs-of-impractical-billing-solutions/ Call Detail Record (CDR) is any piece of data that is generated after the use of a telecom service. This data has the complete detail of the usage, which can be call, SMS, broadband data, mobile data, video streaming etc. Nowadays, CDR management has become automated and is mostly handled by data experts. Complete telecom billing hinges upon the accuracy of CDR collection and management, which is why; it has become an essential requirement of telecom operators.
When MVNO is your business, CDRs (Call Detail Records) are a part of your daily routine. As packages change and real-time charging becomes more important, new ways of processing these CDRs become necessary. This necessity leads to the question of how CDR mediation services can be beneficial to your business. https://www.onlinechargingsystem.com/blog/cdr-mediation-services-beneficial-business/ Telecom operators are fighting tooth and nail to stay ahead of the competition these days. It is not easy for them to lure new customers towards their products and services by simply employing traditional and obsolete solutions.
Customers are becoming increasingly knowledgeable about newer technology, making it essential to utilize modern day solutions, such as cloud-based OCS, or online charging system telecom. If you are looking for the right solutions in this area, Telgoo5 can help.Need for cloud solutions led digital transformation It is inevitable that sooner than later cloud-based telecom billing solutions are going to be the telecom industry norm. There are multiple companies from several industrial verticals that have already made a move towards cloud based operations. The next torchbearers of digital transformation is in the form of online charging system telecom with cloud computing. This is why the tech needs to be looked at closely by telecom operators.How to identify a quality OCS that offers digital transformation? It is important that you identify the key attributes in terms of the quality of OCS since your entire business may very well depend upon it. A few key features include the following:Handles convergent revenue management situations Legacy charging systems are concerned with focusing only on specific charging plans and ratings. These systems are not flexible to address evolving needs of a contemporary customer. It is important that you look for converged revenue management capabilities when you switch to an OCS. This function can allow your cloud-based OCS to handle the complexities involved with prepaid and postpaid models.Future technologies supported It is more important than ever for telecom service providers to be well-prepared to handle emerging requirements with technological evolutions, such as IoT, VoLTE, and 5G. Future technologies can easily be monetized by a quality cloud-based OCS, along with other popular multimedia options. This gives a telecom vendor the ability to adapt and meet customer billing needs in the future, without having to change telecom billing solution platforms.Cutting-edge analytics It goes without saying that telecom operators need to know the present and future requirements of their customers in order to attract them with personalized offers. Contemporary cloud-based online charging systems, unlike their traditional counterparts offer cutting-edge features to do just that. A quality OCS will be able to support an abundance of plan features, such as family plans, top ups and auto renew plans to name a few.Cost effective Cloud-based OCS can be innovative enough to significantly reduce a telecom provider’s operational expenses. Cost efficiency is possible because there is zero dependency on hardware in the cloud environment. It is important that you look for feasible and economical OCS solutions that help you make the most of your move towards accelerated digital transformation.Distributed infrastructure capabilities Customer preferences can be fickle. Your OCS solution to address this customer nature needs to be completely scalable and flexible. You can attain this with a cloud-based online charging system telecom which works through distributed infrastructure. You can attain unmatched scalability with cloud-based OCS that allows you to increase or decrease the scope of your telecom operations whenever you want to.Choose Telgoo5 as Your Trusted Tech Partner! Looking for cutting-edge online charging systems? Telgoo5 has the right solutions to support your business. Call us at +1 (206)384-4669 or send us an email at [email protected]. You may also contact us online, and we will promptly get back to you. Considering the present-day situation of telecom industry, it has become important to perform flawless telecom billing. You simply cannot force a customer to pay more than what he has actually used without risking attrition. An online real-time charging system provides a great way to keep tabs on subscribers’ usage of telecom services. It facilitates the creation of a convergent telecom charging platform, which allows you to send a single invoice for all service usage. Also, it enforces credit limits scrupulously and helps you send timely notifications to the customer when their call/data usage is about to exceed the threshold value.
Source : https://outboundservices.home.blog/2020/02/11/online-real-time-charging-system-for-maximum-impact/ Explaining the need for (OCS) online charging system in the modern era. Let’s just cut right to the chase; if you and your business are looking to become a household mobile virtual network operator (MVNO) brand, you need to be offering the most advanced billing and charging solution that you possibly can.
In the modern era, an online charging system (OCS) is becoming more prevalent. They are what your business and brand desperately need. Now, implementing an OCS will not single-handedly elevate your network to the cream of the crop but it most certainly can help too. Due to the intelligence of such a system, you can shift the workload of your staff to be more efficient. As artificial intelligence programs continue to become more dominant worldwide. You need to adopt this type of ideology into your brand. Time is MoneyEvery business owner will agree that time is just as important as money when it comes to maintaining and running a successful business. With an advanced online charging system at your disposal, you will be amazed at the improved efficiency that it delivers. Additionally, this system can cut down on and even eradicate accidental billing inaccuracies. Via an outdated charging solution, hiccups can persist and your customers can suffer because of it. The modern online charging systems (OCS) will prevent any hiccups from occurring and can save time and decrease expenses in this manner, as well. The Customer is Always RightThe quickest way for your MVNO to fail is if you forget about the needs of the people that make it tick, in the first place. Without a moment’s hesitation, you need to place the desires of your consumers as a first on your priority list. Although they may not know the inner workings of an OCS system, your clientele will significantly benefit from its implementation. Those days are gone, where society needs to rely on calling and emailing to learn about their account balances and access general account information. In this age, the world is dominated by the Web and the ability for your consumers to perform actions on such a platform is mandatory. Past the overall convenience of the real-time experience that your consumers will enjoy, it will provide them with an enhanced sense of trust and reliability for your network. Enhanced Service OptionsTo stay relevant, you always need to be offering new and up-to-date services. Doing so with an advanced OCS platform is going to be so much easier. One such example is if you wanted to offer new and exclusive discounts for some of your packages with little to no hassle. That is just one example, however, as there are several different avenues that you can explore. Enhanced Security – Online charging systemAn online charging system serves as the central point of your MVNO’s charging, which means it is also the place where critical account information is stored. To win the trust of your customers, you need to ensure that every customer shared detail is kept safe. Therefore, always look for an OCS platform that employs robust encryption to prevent system breaches via unauthorized access. There is Something ElseBefore you go, you need to be aware of something extremely crucial. Not all OCS systems will be the same and you should avoid settling for one that is ordinary or run-of-the-mill. It needs to be highly accurate, incredibly intuitive, laser quick and impressively efficient. This is where Telgoo5 can come into play. We have been in business for 15 years and contain vast knowledge of OCS. Even present such a system that can help skyrocket your brand. Feel free to contact us anytime. We can show you how our platform can take your brand to the next level. Source : https://techcody.com/why-online-charging-system-is-needed/ Launching a MVNO (Mobile Virtual Network Operator) is a very complex task involving the investment of many millions of dollars. It is seen by many as superb business opportunity, perhaps the route to making a multi-million dollar fortune. However many people fail along the way; some lose hundreds of millions of dollars of investors’ funds.
The starting point to a successful MVNO is a strong consumer proposition. The proposition must be differentiated and have strong appeal to a selected target group of consumers. Often extensive market research is performed to verify the appeal of the proposition. Next one needs to understand the end to end economics, how much will the consumers be willing to pay, what is the traffic mix, how much will distribution cost and what will the subscriber acquisition cost be. Finally is there a viable business case? Once these questions have been answered you are ready to approach mobile operators in order to obtain the most valuable asset for an MVNO, a wholesale airtime agreement. If successful you then start the process of building your MVNO platform, sometimes an MVNE (Mobile Virtual Network Enabler) may be used to give a time to market advantage. Vcare are often quoted as saying that one should not start deploying systems until one is certain of a MVNO agreement. Launching the MVNO comes as a reward for many months of hard work, however the launch process is often not easy, One can reduce the risk of launching a MVNO by using skilled MVNO consultants. Source: https://outboundservices.home.blog/2020/01/16/how-to-launch-an-mvno-a-great-business-opportunity/ The solution to some of these challenges and many more is in the form of Online Charging System (OCS). Before even getting to the nitty-gritties of what an Online Charging System is, a quick preview of what this amazing-yet-underutilized software can do tells you that it is software worth investing in. Simply put, an Online Charging System handles the account balances of your subscribers and a number of additional operations without breaking a sweat.What Does An Online Charging Solution Offer You?In a very competitive telecom market, it would be unthinkable that there is any entrepreneur in this industry who doesn’t know what an Online Charging System is. However, there are still some businesses that have yet to integrate this tool into their business operations; often due to financial constraints or lack of information about OCS. If you fit into this category or are just looking to gain some more information about OCS capabilities, then check out some benefits of this amazing tool.
https://tinyurl.com/yb7egtrp Telecom industry is always evolving and there is a need to address emerging requirements. An Online Charging System (OCS) is a worthy upgrade to erstwhile charging system for prepaid services like IN. To thrive in the modern-day competitive telecom industry, it is essential to employ a true real-time Online Charging System that charges all services used by subscribers, enforces credit limits and allows for convergent charging.
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August 2019
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