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.
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.
The emergence of new devices, services, and applications enables customers to experience a digital reality. The new digital lifestyle has transformed end-users expectations as customers demand various types of services to be charged in real-time, consumed online, and be available whenever they want.
Timing is everything in business. A business launched at the right time can be the difference between success and failure of the venture. When it comes to the telecom industry, we are seeing a rapid growth of companies with non-telecom background starting their own MVNOs. Financial institutions like banks are the torchbearers of this MVNO revolution. But for many, this revolution has come way too late.
In the world of telecom, a bill shock is the surest way to lose your customers. You can do everything right, from creating the perfect plan to delivering your services as per expectations, but if your billing is not in place then you are in a world of trouble. Especially for small-scale MVNOs that thrive on supporting small customer bases, an inefficient billing system can sound the death knell for their business. The biggest reasons why many billing systems fail is due to the inefficiency of the OCS. Hence, it makes all the more sense to fix the problem at its source.