#ocs system

With telecoms facing the heat of opposition we are seeing a noticeable change in their way of working. Their focus has shifted from just building up their network abilities to increasing the experience of customers and they are doing their level best to keep them occupied with new and innovative benefaction. Given the current situations, a ground-breaking OCS has become standard for the direction.

Billing and charging are two of the most important aspects of telecom operations. In today’s time, customers are really concerned about the charges that they incur as a result of their service usage. So, if you are making errors in your billing, which is very much possible when legacy charging systems are used, you are likely to face a backlash sooner rather than later.

Evolved Charging Platform to Meet Evolving Requirements

The pace of innovation of telecom tech has increased a great deal in the past. Companies in the telecom domain need to keep up with the pace and come up with billing solutions that meet emerging customer requirements.

For example, MVNO, MVNA and MVNE need to have carrier-grade billing and B/OSS platform in order to keep their customers satisfied. In case, a customer has already used self-care and other innovative options from other major telecom services provider, he would be less willing to come on board even if the services are reasonably priced by an MVNO.

Source

https://www.fortunetelleroracle.com/news/take-a-modernized-approach-to-billing-and-charging-with-next-gen-ocs-330892 https://www.article1.co.uk/Articles-of-2020-Europe-UK-US/take-modernized-approach-billing-and-charging-next-gen-ocs https://www.fuzia.com/article_detail/276084/improve-billing-and-charging-at-every-step-with-ocs-system https://kruthai.com/read-blog/25514 https://kaalama.org/read-blog/30517 https://social.heyluu.com/read-blog/28702

Access an Evolved OCS System for Next-Gen Billing

An evolved OCS system keeps itself updated with the latest technology and compliances. In today’s world, failing to comply with the standards and rules set by the regulatory bodies such as FCC in the US can become a major headache for businesses. Getting hit by a violation charge is bad for reputation. In the worst-case scenario, if you are unable to meet critical tech specifications and not operating as per standards, your business prospects could be hit pretty badly.

OCS system should stick to the standard tech specifications laid down by 3GPP, so as to prevent revenue leakage. Top OCS systems provide the following features:

First-class credit limit implementation

With the advent of IoT and 5G, customers are expected to incur high charges if the data is not throttled or notifications are not provided timely. An OCS that always implements credit limits accurately ensures customers never have to pay additional charges without any knowledge.

Unified billing via consolidated charges

As an OCS can charge every service at one point, it is able to perform unified billing. Both event- and session-based charging are possible. It means Internet charges, mobile data charges and call minutes can all be calculated at the same point. Therefore, CSPs can send consolidated bills that depict bifurcated charges for all services.

Fault tolerant and high load bearing capacity

A real-time OCS system can become the backbone of a telecom operation. Due to high competition, you need to differentiate yourself from other telcos. Real-time convergent billing can become an asset as it allows for quick monetization.

You can create attractive plans with innovative discounts, and all this can be done via a single interface. Due to real-time charging, revenue assurance is guaranteed. An OCS enforces credit limits accurately, which ensures customers’ do not exceed their allotted quota.

Telecom business requirements keep on changing with each passing month. As new technologies evolve and 3GPP lays down new technical specifications, telecom operators like MVNO and MVNE need to change their way of working. One of the most basic requirements of performing telecom billing these days is an OCS system. A real-time OCS can charge every service right at the time it happens, thus minimizing revenue leakage and ensuring complete service assurance. But the OCS system and the entire telecom platform needs to evolve as per industry standards.

The OCS system can be a powerful acquisition for MVNOs, as it helps them enhance the quality of their operation across the board. Considering today’s scenario, it won’t be an exaggeration to say that an OCS system is indispensable for an MVNO.

Legacy systems like IN and OFCS are no longer relevant in today’s competitive telecom industry. As the requirements of subscribers grow, a telecom operator needs to find ways to fulfill them. The best way to accomplish that is by using an OCS system.

The Value of OCS System in Today’s Telecom Scene

Time is Money

Every 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.