ADVANTAGES OF BUSINESS SUPPORT SYSTEM
Business support system refers to the assistance and the services provided by the government and private agencies to help entrepreneur start a new business or to develop an existing one.
· It can be used to handle some of the internal processes such as data entry, payroll management, and bookkeeping, you can focus on the core activities of your business so it can run smoother and end up earning more profit.
· Business support system plays an important role in ensuring growth, sustainability and development of SMEs.
· It also helps the company in running their payroll effectively. Company managers are sometimes too busy to maintain their payroll,in such a case business support system can greatly assist in staying on the top of payroll requirements.
· A BSS provides a service provider with a connecting, integrated and coexisting business environment. A good BSS provides system control and detailed scheduling to service providers, which facilitates the implementation of required changes without impacting customer satisfaction.
· BSS also helps improve productivity by minimizing manual intervention and ensuring error-free processes in a business.
· It enables innovative ideas to meet changing market demands.
· Centralizing catalog management: a BSS with a concentrated product catalog lets operators, partners, and distributors swiftly launch new plans and offers.
· Ensuring efficient revenue management: real-time billing and policy control and convergent charging help operators monetize their network efficiently. Interconnection and billing for roaming also enable new monetization opportunities with partner networks.
