Everyone is waiting for true 5G launch with bated breaths. It is supposed to reshape the way Internet is accessed and used. As telecom operators face the frenzy of excessive competition, monetization of 5G has become all the more important. It is vital that 5G is packaged in a way that is attractive to the subscribers, and at the same time brings in the much-needed revenue. Real time charging implemented via a convergent charging system has become the minimum requirement for telecom operators.
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.
The sheer importance of a business’s billing solutions cannot be overstated enough. Aside from the obvious factor of producing revenue, billing systems go far beyond the actual practice of billing to receive the money that will keep a business afloat.
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.
If you are thinking about starting your own mobile virtual network operator (MVNO) service, then you have got a world of challenges ahead of you. From taking care of licenses to finding the perfect enabler, reaching out to your target audience to setting up the right billing solutions, you have a lot to do to launch your MVNO service.
In an age where everyone wants everything to happen instantly, it is natural for real-time billing and charging of phone services to be a must. Translating these real-time numbers is easy when you partner your business with online charging systems and let them take care of the real-time rating and subsequent billing and charging. While there are many benefits of a real-time rating system, here are six of the top advantages for both your customers and your business.
A big part of any business is keeping up with the trends and advancements that are continually changing the way business is done. In the telecommunications realm, these changes are a constant, never-ending process. Keeping up with new demands is vital to maintaining current customers and enticing new ones. Real-time charging is one of these advancements that need to be implemented in a growing business. Here’s a look at how staying relevant in real-time charging impacts business and what you can do to keep up with these changes.
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.
The purpose of a business is to generate revenue. Businesses that do not do so are going to crumble and fail before they can ever get off of the ground. Therefore, the importance of the charging systems that your business offers is crucial.
When it comes to running a telecom business in this day and age, your success depends as much on offering cutting edge technologies as it does on maintaining the quality of your service.