Don’t Let Stagnation Stop You, Inspire MVNO Work with Innovative Billing Solution
Stagnationis the worst enemy of a business operation. In the telecom industry, stagnationcan cause you to lose out to the competition. For an MVNOmobile services vendor, it is even more important to evolve constantlyas the competition is immense. Unlike bigger players in the market, MVNO hassmaller margins and limited outreach. So, stagnation becomes its biggest enemywhen it comes to business empowerment.
Invest inNew Services for Best Results
MVNO canonly be profitable if they are able to attract customers with their uniqueplans. Therefore, it is important for them to invest in new technologies suchas IoT and 5G. But these technologies pose a huge requirement in terms of resourcessuch as B/OSS and billing management.
To meetthese exigent requirements, a telecom services provider needs a proven onlinecharging system (OCS). Also, it needs to have the computational powerthat can manage millions and millions of transactions each day. The best way toachieve this is by using the services of MVNOservice providers who have pre-existing resources.
EssentialAttributes and Resources of MVNO Service Providers
MVNOservice providers need to be agile in terms of fulfilling therequirements of MVNO. If they have these essential resources and attributes,they can be a huge asset for your business:
3GPPcompliant Online Charging System
Whencompared with OFCS (Offline Charging System), an Online Charging System (OCS)is way better. But for it to be really effective, it needs to be compliant with3GPP specifications. A 3GPP compliant OCS has a direct link between PCRF andOCS, which means every service is charged in true real-time, ensuring 100%revenue assurance.
Analytics
Preventinglosses is very important and analytics as part of the billing system arenecessary for that.
Ingestionfrom different systems
Thebilling system should be able to take in data from different systems. Ingestionfrom different systems is an absolute must for an MVNO.
Supportfor futuristic technologies
In orderto attract customers, you need to provide them the latest and greatest servicesat a cost-effective price point. A quality billing platform, like the oneoffered by Telgoo5, can act as a proven IoT billing systemthat can help you serve your customers better.
Securityof data
A billingsystem captures sensitive customer information, which is why; security isparamount. A securely encrypted telecom charging system is needed to ensurecomplete safety of customer information.
