Access Convergent Charging for Gaining an Edge Over Competition

Convergent charging is key to modern-day telecom billing. It lays down a strong foundation for a telecom operation. In today’s time, it is important to keep customers satisfied. A convergent charging system offers consolidated billing that reflects every service charge on a single piece of paper.

How Convergent Charging Can be Helpful?

Convergent charging can make a huge difference in terms of winning customers. If your competitors are already utilizing a real-time charging system telecom, then you cannot compete them without one of your own. By choosing a 3GPP compliant online charging system, you can do the following:

Monetize services quickly

The time it takes for you to conceptualize a service offering and then actually bring it to the market often decides your fate as a telecom operator. For small virtual operators, the window is even smaller. If there is a new technology, you need to monetize it quickly before your competitors. Any delay, and your revenue will be impacted inadvertently.

Implement credit limits flawlessly

Implementation of credit limit is key to preventing customers from exceeding their allotted quota of services. Most users of MVNO service have limited finances. They simply cannot incur additional charges. Hence, it is your responsibility to provide them timely reminders. A real-time OCS charges service in true real-time. So, whenever a customer is about to exceed his allotted quota, a notification is sent straightaway by the billing system. This prevents unnecessary charges.

Accommodate new-age services without much hassle

New age services like 5G and IoT are expected to be harder to monetize than traditional services. In this modern-age of telecom innovation, the performance of a convergent charging platform will eventually decide the fate of a telecom business. A proven charging system can monetize 5G network slicing services a lot better than legacy billing software utilized by some vendors. Also, as IoT poses the challenge of calculating millions and millions of transactions every day, a real-time convergent charging system is a must.

Guarantee revenue assurance

With an accurate charging system, you can guarantee revenue assurance, which is basically the key to consistent success of a telecom operator. A next-gen charging system like the Online Charging System ensures 100% revenue assurance and prevents revenue leakage.

With the new-age of telecom industry beckoning, it is vital that telecom operators stay competitive. It is essential to stay ahead of the pack if you want to survive in the cutthroat market. An accomplished charging system can lay down the foundation for a strong business venture.

About This Author

Julie Acosta Joined: January 28th, 2021