The telecom industry is in a state of flux and changing fast. With new and improved service offerings launched every other day, the challenge to monetize and provision them to the subscribers is becoming more difficult than ever. Therefore, every telco is on the look out for the best OSS BSS solutions.

Get a Convergent BSS Billing System for Proper Monetization

Monetization of services is one of the most important fundamental requirements for telecom operators. The moment a new technology is launched, telcos strive to monetize it in attractive packages. There is a race to be the first to the market, which is why the BSS billing system needs to be top of the line.

In today’s age, a convergent BSS billing system is required for effectively monetizing services. It is also crucial for enabling convergent billing. Some of the benefits of such billing and BSS telecom system are:

Easy to monetize complex service offerings

No longer you have to worry about different service types like prepaid, postpaid, broadband etc. A convergent platform charges sessions and events at the same place, and allows you to create completely itemized bills.

More transparency in billing

As the charge of every service is clearly mentioned in the bill, there is less chance for disagreement with customers. Both customer support and customers are on the same page, which leads to an increase in subscriber trust.

A Common Billing OSS and BSS Solution

Modern-day telcos want a comprehensive billing OSS and BSS solution that can let them manage their every function. While big telcos like Ericsson and AT&T having their very own systems, the smaller vendors like MVNOs also require intuitive platforms that let them stay competitive. This is where a top of the line solution like Telgoo5 can come in handy. It can provide a wide range of advantages to MNOs, MVNOs and MVNEs:

Intuitive and abstract platform

The MVNOs require an intuitive platform that is not too hard to learn. At Telgoo5, you get a complete yet simple OSS and BSS telecom solution that lets you perform various day-to-day functions without getting involved in the complexity of the technology.

APIs for additional functionalities

As telecom companies shift their focus from enhancing networks to improving customers’ experience, the role of a BSS billing system has become more important than ever before. Due to this requirement of CSPs (Communication Service Providers), many modules of billing OSS systems have transformed into standalone tools. The Journey from Customer Management Modules to CRM

As erstwhile billing essentials like customer management modules faded into oblivion, it gave rise to a new phenomenon that goes by the name of CRM (Customer Relationship Management) tool. Nowadays, a CRM serves as a one-stop-shop for all customer-related information. It has become the most important tool in the armory of a customer support agent, with the help of which he is able to provide timely solutions and resolve all customers’ query. Another recent phenomenon in a BSS billing system has come in the form of product catalogs that can now be used for defining dependencies between products, sales rules etc.

The Rise of Pricing Algorithms in Modern BSS Billing System

Due to so many parallel developments in the field of billing OSS systems, we have seen a rise in the development of pricing algorithms that are deemed essential for creating price plans. These price plans can be implemented for tiered pricing, periodic fees and usage-based charging. By offering versatility in pricing, new pricing algorithms can help telcos in creating new strategies for wooing customers. Importance of IoT Billing System Right now, telecom companies are at a juncture where they need to be proactive in meeting the future requirements. The rise of IoT and its immense potential has made it essential for telcos to devise an IoT billing system that can meet the pressing demands of businesses in the near future. IoT (Internet of Things) is a technology that allows devices to connect with each other and share data through an internet connection. It has wide scope in different industries such as health, pharmaceutical, manufacturing, agriculture etc. However, there is still a need for devising a trustworthy IoT billing system that can be used for keeping track of billions of IoT transactions taking place across the globe.

The Need for IoT MVNE

Telecom industry has found interesting avenues to maximize the utilization of telecom resources. The solution has been found in the form of a symbiotic MNO (Mobile Network Operator), MVNO (Mobile Virtual Network Operator) and MVNE (Mobile Virtual Network Enabler) relationship. An MNO sells its underutilized resources like voice calls, SMS etc. to an MVNO, who in turn, sells them to subscribers at a lower rate. The MNO gets a constant revenue stream and MVNO are able to thrive and do their business. In this MNO and MVNO relationship, an MVNE can play a role in facilitating the establishment of infrastructure for an MVNO. MVNE can also buy resources directly from an MNO and sell them at much cheaper rates to MVNO.