Find a Trustworthy Billing Solution to Take your MVNO to the Next Level
A billing solution is an important component for any telecom operator. For MVNOs, a billing software solution can make a huge difference in terms of shaping its business strategy. Combined with BSS and OSS solution, it controls the software part of a telecom process.
The Rising Importance of Software
In the past, legacy telecom services did not require intricate software. Customers used basic handsets with calling and SMS features. But as the world evolved to smart phones, the dynamics changed completely. Nowadays, it is essential that you offer a wide catalog of services to your customers.
To meet the current requirements, it is vital that you have a telecom software solution that proactive fulfills the modern-day billing needs.
The Virtues of a Billing System in 2021
A billing system in 2021 should be able to cater to the modern-day requirements. It should have the following virtues to be considered effective:
Rapid monetization with convergent billing
All the billing transactions need to be done quickly and in a consolidated manner. You cannot have a situation, in which, it takes longer to conceptualize monetization strategies. For example, if you want to offer 5G as part of your IoT data connectivity, you should be able to do that immediately without any need of upgrading or customizing the software solution. Also, your billing system should be able to create a convergent bill that reflects every service charge on a single piece of invoice. You don’t want your customers to receive multiple bills and get confused about the charges incurred by them in a particular billing cycle.
Integration with databases
Nowadays,a billing system can only be effective if it can be integrated with new databases. For example, in the US if your MVNO wants to cater to economically weaker sections, you need integration with NLAD database. Such integrations provide you information immediately and you are able to serve a new customer base without wasting much time.
Availability of plug and play APIs
Application Programmable Interface (API) is a vital part of modern-day billing systems.APIs allow for new functionalities. Customers can use self-service options, new payment gateways etc. via APIs provided by billing vendors.
Security
Nowadays,security should be the first thing on your mind when it comes to the selection of a billing solution. Telgoo5 offers unprecedented security at every step and ensures your customers’ information stays safe. Telgoo5 is supported by 24x7technical support.
