OCS system is permitting an MVNA and a communications service provider to charge their customers, in real time, based on service usage. The OCS helps enhance the system by dividing business activities and decreasing technical and trader reliance and decreasing the favor for new services.
5G is a transformational technology with immense potential. For telecom operators, it presents a very good chance to grow their customer base. Features like network slicing, ultra-low latency and massive bandwidths are extremely attractive to customers. Whether it is your business customers or home subscribers, you will be faced with unprecedented challenges while deploying 5G. Billing and charging need to be spot-on and you can’t make any errors in calculating charges.
5G network slicing is potentially the greatest innovation in the telecom industry. It provides unforeseen opportunities and can be the instigator of new business models. Connectivity is a vital asset for every business use case that is powered by technology. 5G network slicing allows for the creation of several logical networks over a single physical network. Each logical network can have its own unique characteristics such as speed, latency, security etc. The QoS-based network slicing provides unprecedented power to companies, especially those that are ready to be creative and use separate networks for supporting their different requirements. From a telecom operator’s point of view, this new technology presents a tough but rewarding challenge. Although a convergent charging system can definitely make things simpler.
Telecom industry is growing at a rapid rate. The number of subscribers is increasing fast and so is the responsibility on the shoulders of telecom operators. Due to the variety in type and scope of services, every operator is scrambling for the best billing system in the market.
Convergent charging has become the basis of almost every telecom business. As billing remains crucial for a telecom business, the role of convergent charging and OCS system is rising in significance. Almost every business strategy that a telecom operator conceptualizes has to be readily supported by the billing system.
Cloud-based computing has been particularly rewarding for the IT sector. Its ability to cut down on TCO (Total Cost of Ownership) has been the biggest driver for its mass employment by different companies. But there are other benefits of cloud platform as well, especially for the highly-competitive telecom industry.
With telcos facing the heat of competition, we are seeing a marked change in their way of working. Their focus has shifted from just building up their network capabilities to enhancing the experience of customers and they are doing their level best to keep them engaged with new and innovative offerings. Given the current circumstances, a cutting-edge OCS has become par for the course.
If your MNVO wants to have any chance of success, you need to have an excellent OCS to charge your customers accurately and regularly.
One of the biggest hurdles that MNVOs face is the fact that they are constantly having to prove their worth. People are still used to working with bigger telecom companies and might be suspicious of an MNVO.
If you’re ready to take your telecom business into the future, an OCS is the core of any telecom billing operations. But when you look for an OCS, you will discover that there are many choices out there. So we have provided with you some important things to look for when you want to choose the right online charging system for you and for your company.