Inspire Innovation Immediately with a Convergent Telecom Billing System

2021 requires telcos to think on their feet. It is very important that a telecom operator frequently changes its strategy and adapts to the current market situation. For smaller operators such as Mobile Virtual Network Operator (MVNO), the challenge is to perform in the segment they are in. This segment is actually very competitive, especially in the developed countries such as the US and UK. In order to overcome the challenge of competition, it is required that you either develop a good telecom billing software or employ telecom billing services that have proven their worth.

Choosing a Telecom Billing System that Inspires Innovation

A telecom billing system that allows telcos to be innovative is very important in today’s time. Below are some essential features of such a phone billing software solution:

Convergence

Real-time charging platforms allow for convergence, which is very important in today’s time. A convergent charging platform is the gold standard for today’s telecom operators. It allows them to print single unified invoices that have all service charges reflected at the same place.

Faster monetization

Rapid monetization is the key to succeeding with your plans in the telecom industry. When you bring your plans to the market quicker, you are able to attract the interest of your customers.

Point of Sale

A point of sale is where the customers buy their telecom plans. The point of sale should be well-tested and work as per the requirements of different groups of customers.

Self-Care Options

Nowadays, many customers want to build their very own telecom service bundles. Therefore, you should offer self-care options. A multi-tenant platform that supports multiple user logins is required for this option to be a success. The self-care should come with options such as plan changes, payment methods, upgradation of services etc.

Analytics for Decision Making

An analytical package alongside a telecom billing system can make all the difference in your business strategy. It allows you to make impactful decisions, which ultimately help your business to grow.

Scope for Monetizing Every Old and New Service

Monetization of both old and new services is very much required. Nowadays, your telecom billing system should excel at service offerings such as prepaid, postpaid, IoT, 5G and broadband apart from the new-age OTT services like video streaming.

At Telgoo5, we have a readymade platform that caters to the exact needs of telecom operators. We also offer intuitive APIs, which can be easily installed for bringing in new functionalities into the system.