Online Charging System
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Why Online Charging System is Needed - Advanced OCS system

Why Online Charging System is Needed - Advanced OCS system | Online Charging System | Scoop.it
Offering an Online Charging System is Needed and Here’s Why Let’s just cut right to the chase; if you and your business are looking to become a household
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The Long and Hard Journey of Telecom Billing

The Long and Hard Journey of Telecom Billing | Online Charging System | Scoop.it

The commercial success of the Online Charging System (OCS) deployed by telcos is a testament to the ever-evolving telecom billing technology. Not so long ago, it was hard to fathom how telcos will be able to accommodate so many new offerings (like 2G, 3G,4G, VAS, OTT etc.) as part of their service. But with consistent development, we are at a juncture where we see convergent billing and real-time charging making things simpler than ever before for both customers and the operators. But the work of telcos has not ended yet. With 5G and even 6G beckoning; and IoT becoming the next big thing in the market, the time to evolve has only just started.


The Age-Old Formula of Success


https://ocssystem.blogspot.com


Before we go any further and analyze what the future holds for the telecom industry, it is best to first look at the basic formula that has worked so well for telcos. It has always being the ability to adapt one’s billing according to the services that need to be offered, which has driven MNOs (Mobile Network Operators) to success. In other words, it is how fast and how well you can adapt to the ever-changing telecom charging system architecture that dictates your success over competitors. Therefore, it has become imperative that you keep yourself armed with a competent OCS system, which can adjust to the future requirements. Flexibility, versatility, multi-tenancy and convergence are the key ingredients for a worthwhile telecom billing system.


The Evolution of Billing Systems


http://www.rajgovt.org/technology/online-charging-system-needed-support-real-time-charging-requirements/


In the latter part of the 20th century, telcos realized that their offline charging system was causing revenue leakage as it was not able to provide charging information before a service was delivered. This was causing problems, especially in prepaid billing. To fix this problem, an IN-based system was conceptualized that was able to authenticate users and check their account balances before delivering services. It worked well but it had some restrictions in terms of creating flexible plans. After that, OCS was conceptualized, which could not only charge customers in real time but also allowed telcos to launch attractive bundles of services with great flexibility. In 2010, we saw our first glimpse of convergent billing. The convergent billing system allowed for the integration of several service charges onto a single customer invoice, which provided more transparency in telecom billing.


What The Future Holds for the Telecom Industry?


onlinechargingsystem.over-blog.com/2019/05/looking-at-past-and-analyzing-the-future-of-ever-evolving-telecom-billing-1.html


As AI (Artificial Intelligence) becomes the new trans-formative technology, we are more than likely to see a shift towards data sciences dictating the telecom operations of the future. The vast amount of data crunching would require you to have access to state-of-the-art quantum computers and probably an OCS version 2 for getting the job done. Also, we are expected to see the erstwhile OSS/BSS model (which assigns computer systems for pre-designated tasks and is highly inefficient) become obsolete and phased out. Instead, we will have technologies like NFV (Network Function Virtualization) and SDN (Software Defined Network) that will drive a new OSS/BSS model with better utilization of resources.

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MNO, MVNO, MVNA, and MVNE: What’s the Difference?

MNO, MVNO, MVNA, and MVNE: What’s the Difference? | Online Charging System | Scoop.it
The modern-day telecom industry is going through transitions faster than ever before. Addressing the demands of finicky customers, fighting off the competition at every step of the way and countering the threat of OTT platforms is proving too much to handle for even seasoned telecom operators. This is the main reason why they are trying to maximize their outreach in every way possible. As a result of their efforts, new platforms for telecom service delivery have being created in the form of: MNO, MVNO, MVNA, and MVNE. 


Why MVNOs Have Become so Popular?

While an MNO (Mobile Network Operator) builds his operation from the scratch and make investments in creating network infrastructure, radio frequency spectrum, HLR, VLR, BSC, MSC, OSS etc., an MVNO (Mobile Virtual Network Operator) receives frequency spectrum and network resources at a cheaper rate from MNOs (Mobile Network Operators). This allows it to sell its telecom services at a lower rate and attract new customers.

An MVNO does not have its own network but uses a network from a carrier or MNO. An MVNO can be a full MVNO with its own HLR. Such MVNOs only use an MNO’s radio base stations for providing 3G, 4G or 5G services. On the other hand, a light MVNO mainly focuses on relations with customers along with marketing and billing. It does not have its own HLR.

Whether full or light, to become MVNO you need good marketing skills and a unique idea that differentiates you from other players in the market. You can either specialize in mobile data and become a data MVNO or earn your stripes in providing voice call services. But whatever you do, make sure that you are excellent in the niche that you have chosen. Good customer relations and the ability to attract new customers are essential for any MVNO to succeed.

The Importance of MVNE/MVNA Partnership for Overcoming Challenges

As MVNOs are considerably smaller than a full-fledged MNO (Mobile Network Operator), they need support from MVNEs (Mobile Virtual Network Enablers) to get their job done. A capable MVNE with a comprehensive MVNO software solution like Telgoo5 can provide the following benefits to an MVNO:

1. Better billing – Billing is probably the toughest task for an MVNO to undertake all by itself. Any mistake or inefficiency in billing tasks can have a major bearing on MVNO subscribers. But when you partner with an MVNE like Vcare, you get access to a cutting-edge MVNO billing software solution. With a convergent billing solution by your side, you can create itemized bills with details of all types of services used by your subscribers.

2. Profitable deals with MNOs – Partnership with a competent MVNE/MVNA can help you get better-priced deals with an MNO. This will allow you to deliver the services at a lower rate to your MVNO subscribers while still making a profit. 3. Avoid red tape – Running a successful MVNO operation requires you to get into contracts with different carriers and vendors. By partnering with a competent MVNE like Vcare (who already has fully-licensed platforms and contracts with vendors), you are able to bypass the process of signing new deals, thereby saving considerable time and effort.
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5 Signs Of A Great OCS – Online Charging System – online Charging System

5 Signs Of A Great OCS – Online Charging System – online Charging System | Online Charging System | Scoop.it
If your MNVO wants to have any chance of success, you need to have an excellent OCS to charge your customers accurately and regularly.


One of the biggest hurdles that MNVO’s face is the fact that they are constantly having to prove their worth. People are still used to working with bigger telecom companies and might be suspicious of MNVOs. Those of us who operate in the space understand that MNVOs are the wave of the future, but some of your customers are still skeptical. That’s why it’s so important to make sure that your billing is on point. Otherwise, you’ll look like an amateur and run the risk of losing customers!

Keep Your Customers Loyal with These 4 Tips :


1. Ensure consistency in billing: Any inaccuracy or delay in billing can cause your customers to lose faith in you. By ensuring consistency in billing, you can enhance customer trust in your services.


2. Keep customer information safe: The information provided by customer is critical as it has their personal credentials. Invest in an OCS and billing solution that has safety measures in place to protect customer info.


3. Offer Cross-product discounts: By offering innovative discounts like cross-product discounts, you can keep your customers interested in your subscription. Cross-product discounts can also be useful in promoting a new product that customers are not accustomed to.


4. Allow for customer self-service: With millenials seeking more control over their subscriptions, it is best to invest in a billing solution that allows customers to create their own customized plans.

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Maximize 5G Potential for Your Business with a Real Time Charging System

Maximize 5G Potential for Your Business with a Real Time Charging System | Online Charging System | Scoop.it
Although the launch of 5G is a great initiative in the race to match wired broadband speeds, its value for a telecom operator hinges upon several factors. Faster data connection may seem like a real boon for the subscribers, however, it does not automatically translates into profits for telcos.
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What are the differences between a MVNO, MVNA, and MVNE?

What are the differences between a MVNO, MVNA, and MVNE? | Online Charging System | Scoop.it
MVNO, MVNA, and MVNE are fairly new entities in the telecom world with each having their own role in imparting telecom services. These new entities were created to address the demands of customers whose requirements were not fulfilled by MNO (Mobile Network Operator).


 The establishment of MVNO addresses the requirements of specific customer bases and at the same time allows MNOs to make revenue from subscribers who are not using their services directly.


1. MVNO – An MVNO is a player in the telecom market who does not have its own radio access network. It either buys access to the network services at a bulk wholesale price or gets into a direct reseller agreement with an MNO.


After procuring the services, the MVNO sells them to its own subscriber base. As an MVNO has obtained the services at a reduced price, it has the luxury of selling them at a price that is lower than the market price.


By packaging his services innovatively, an MVNO is able to attract certain specific customer bases, which were unreachable for its partnering MNO.


For example, it has been seen that the economical services offered by MVNOs are extremely popular amongst people in lower income groups (who cannot afford pricier MNO services). MVNOs are divided into three categories based on the resources available to them:


a) Skinny MVNOs: Have their own content applications, SMSC, voice mail, Prepaid and VAS.
b) Thin MVNOs: Apart from the above mentioned services, they also have EIR, share or own HLR, AUC and IN.
c) Thick MVNOs: Apart from the above mentioned services, they have VLR and MSC.


2. MVNE: Mobile Virtual Network Enabler (MVNE) as the name suggests is responsible for enabling a network, so that an MVNO can provide its own services.


It provides the necessary infrastructural tools to the MVNO along with charging rating and billing for a wide variety of telecom-related services. It helps an MVNO accomplish tasks like provisioning, administration along with offering essential OSS/BSS services.


It also offers capital expenditure deferral to MVNOs and allows them to focus on customer service and brand awareness, loyalty, product enhancement, and marketing. With an MVNE partnership, an MVNO no longer has to keep on worrying about how his backend services are managed. Running an MVNE service is a complex task, which comprises COTS (commercial off-the-shelf applications) along with multitenant business model conversions.


3. MVNA: MVNA (Mobile Virtual Network Aggregator) is a business model that comprises wholesale of an operator's airtime and routing of traffic over the MVNE's own switches. While an MVNA has individual contractual relationships with its MVNOs, an MNO has a contractual obligation towards its MVNAs. So, it won’t be wrong to say that an MVNA forms a link between MVNOs and MNOs.


As an MVNA represents many different MVNOs and buys large amount of telecom services from an MNO, it is able to receive telecom services at a considerably reduced price point. Hence, an MVNA partnership allows an MVNO to receive radio access network for far less that it would have been possible during a direct purchase.


Inference of These Telecom Entities in Modern Times

These new partnerships between MNOs, MVNOs, MVNEs and MVNAs are designed to share the burden of serving a wide customer base. These new business models ensure that basic telecom services are enjoyed by maximum number of subscribers. In this age of increased competition, the quality and coverage of telecom network is maximized with the inception of these new entities.
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Why is an online charging system a must-have for any telecom business?

Why is an online charging system a must-have for any telecom business? | Online Charging System | Scoop.it
Core telecom operations are complex. Even more complex are the operations related with billing and tracking of day-to-day customer interactions with the system. Given the requirements of modern-day customers, the challenges a telecom entrepreneu
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Why Switch to a Versatile Telecom Charging System? - Quora

Why Switch to a Versatile Telecom Charging System? - Quora | Online Charging System | Scoop.it
Not so long ago, voice calls and SMS were the staples of the telecom industry. Subscribers were happy as long as they could make high-fidelity voice calls and telecom operators were content with the profits they were making.
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Why You Should Employ an OCS That Covers Requirements of Past and Future?

Why You Should Employ an OCS That Covers Requirements of Past and Future? | Online Charging System | Scoop.it

Nowadays, telecom industry is in a state of flux. Every telco is looking to venture into new territories to compensate for the money lost to competition and OTT (Over the top) services. In the past, telecom operators used to thrive on revenue generated via voice calls and SMS. However, in the present times, the range of services that they need to deliver has widened considerably. The legacy systems employed by telcos no longer do justice to the modern innovative telecom services that need to be delivered. Moreover, telcos require most services to be delivered in real time, which is why; a flexible and real time charging system is needed for timely tracking and accurate billing.


https://www.scoop.it/topic/online-charging-system/p/4107157391/2019/04/24/what-makes-an-ocs-the-ultimate-solution-for-5g-billing


Online Charging System: The Backbone of a Successful Telecom Billing System


An online charging system is a must-have for any modern telecom billing system. An OCS is essential for telecom operators as it lets them:


1. Charge on the basis of events e.g. SMS

2. Charge on the basis of sessions e.g. calls


http://onlinechargingsystem.over-blog.com/2019/04/why-you-should-employ-an-ocs-that-covers-requirements-of-past-and-future.html


OCS is a real time charging system that allows the telecom operators to control credit. At the same time, it also allows users to control what they spend. Although an OCS is a vital part of any present-day billing operation, it can only be of true value if it works with the applications of past and is designed with an eye on the future requirements.


Importance of a Future Proof and Backward Compatible OCS


https://qr.ae/TWIhiU


There are many attributes of an OCS that make it stand out. However, the most important aspect of an OCS is how well it works with your legacy solutions. The compatibility of an OCS with your pre-existing equipment and applications allow you to introduce it into your workflow without hampering your current billing tasks. Also, an OCS should be flexible enough to accommodate the requirements of near future like 5G offerings, so you do not have to change your billing systems frequently to meet constantly changing technology.


There are many other features that make an online charging system worthy of your business. Have a look at some of these key features of an OCS:


https://www.bloglovin.com/@onlinechargingsystem/maximize-5g-potential-for-your-business-with


Analytics – Most traditional OCS solutions available in the market do not support analytics, which is why; telecom companies often struggle to understand customers’ requirements. Hence, they are unable to devise new plans to attract customers towards their services. However, there are many cutting-edge real time charging systems available in the market that come with analytic features. Using such OCS solutions not only helps you in your present tasks, it also helps you forge better business strategies for the future.


https://www.mioola.com/OnlineChargingSystem/


Adaptability with complex revenue management – There are so many revenue streams (for a telecom business) nowadays that keeping track of each one of them can be difficult for a telecom operator. Prepaid, postpaid, IPTV, different type of data services and OTT partnerships, there is simply too much to handle for telcos. In this complex situation, a revolutionary online charging system can simplify their work and ensure accurate completion of real time charging and billing tasks.


https://qr.ae/TWIhaX

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Maximize 5G Potential for Your Business with a Real Time Charging System

Maximize 5G Potential for Your Business with a Real Time Charging System | Online Charging System | Scoop.it
Maximize 5G Potential for Your Business with a Real Time Charging System Although the launch of 5G is a great initiative in the race to match wired broadband speeds, its value for a telecom operator hinges upon several factors. Faster data connection may seem like a real boon for the subscribers, however, it does not automatically translates into profits for telcos. A lot was expected by telcos after the launch of 4G, which supplanted the erstwhile 3G connection. But instead of bringing in new revenue streams, it dug a hole in their pockets as subscribers were lured away by OTT (over the top) platforms like Netflix, Facetime and Skype. Hence, it is imperative for a telecom operator to be proactive in his strategy while tackling 5G. One way of ensuring that you maximize the advantages offered by 5G is by investing in a real time charging system that monetizes all your offerings.

6 Important Features of OCS


OCS (Online Charging System) is a real time charging system that is designed to match the current requirements of telecom billing. It is 3GPP release 11 compliant and works a lot better than the charging systems employed in traditional billing solutions, which lack the desired scalability and flexibility. Some key features of an online charging system and traditional charging systems are listed below:

1. Session based and event based charging for different telecom offerings like voice calls and SMS.


2. Identification of subscriber and service before offering access to a service.
3. Monitoring and tracking service usage and also maintaining records in the database.
4. Updating subscriber balance.
5. Management of important features like blacklisting, prepaid lifecycle, live balance etc.
6. Calculating charges as per CDRs (Call Data Records) and recording them in the system database

Things to Consider before Investing in a Real Time Charging System for 5G

Although OCS has immense benefits and can be a worthy upgrade for your older charging systems, there are certain things that you need to be mindful of before investing in a real time charging system.


1. Past and future compatibility — To ensure that OCS works with legacy and future applications, you should invest in a robust and backward compatible real time charging system. A good upgrade option is an OCS that can be integrated with older IN (intelligent network) along with next-gen IP, 5G, FTTH/HFC, wireless and wire line networks.

2. Postpaid/prepaid convergence — An OCS should allow for complete postpaid/prepaid convergence, so you can offer composite VAS (Value Added Services) along with video and voice services quickly.


3. Convergence between service and network — With so many different data speeds provided by different connectivity platforms e.g. CDMA 2.5G, LTE, WiMAX, Wi-Fi, 3G, IMS, 5G, broadband, it is important that an OCS should show true convergence in rating a variety of applications with different bandwidth requirements.


4. Intuitive graphical user interface (GUI) — To make operations simple, the OCS should have an easy to operate GUI that lets telcos customize their 5G offerings quickly and as per requirement.


5. Support vendor partnerships — A real time charging system should allow for the management of different vendor partnerships e.g. partnerships with MVNOs, MVNEs, OTT etc.
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Convergent Charging Solution: A Holistic Approach to Improve Customer Experience

Convergent Charging Solution: A Holistic Approach to Improve Customer Experience | Online Charging System | Scoop.it

Frequent changes in the requirements of subscribers have placed tremendous pressure on the shoulders of telecom operators to come up with exciting offers. The pressure is so intense that telcos with traditional telecom billing software are finding it hard to survive in this intense competition. The main reason for this is the lack of flexibility in their billing solutions that prevents them from launching new bundles of services and innovative plans on time. Hence, they end up losing out to competition in the race to evoke a positive reaction from the market. This leads to a financial loss, which could have been easily avoided if a capable online charging system was employed in the first place.


Why Invest in a Modern Online Charging System?


https://twitter.com/ChargingOnline/status/1118892840610877442


Most traditional charging systems in the past were incapable of charging users’ transactions in real time. Although the IN system used for prepaid services worked in real-time, it was incapable of offering flexible services and bundles. However, nowadays, there is an option to move to convergent billing solutions that have an online charging system at their heart. The many benefits of investing in an online charging system are:


1. Ability to deliver digitalized services –


https://weheartit.com/entry/329317886


Digital transformation is beckoning the telecom industry. However, traditional billing systems that employ old charging systems cannot deliver these services as per expectation because they do not support virtualization and cloud deployment. But when you select a software solution like Telgoo5, you not only get the benefit of digitization but are also able to deliver exciting bundles and offers to your subscribers.


2. Customer authentication and management of features –


https://slashdot.org/submission/9543610/simplify-telecom-billing-with-a-trustworthy-online-charging-system


An OCS allows for customer, subscriber and service identification before providing access to a service. It also helps a telco manage auxiliary subscriber services like live balance, prepaid lifecycle and blacklist option.


3. Tracking services and calculating CDRs –


https://list.ly/list/2ozg-online-charging-system-for-mvna


An OCS captures CDRs (call data record) in real-time. It also loads the result to the billing system database for rating and bill generation. An OCS also has the feature of tracking services and keeping them for records. All these features make an OCS a must-have for any telecom operator trying to boost his overall billing operation and attract new customers.


https://onlinecharging.tumblr.com/


With an OCS as part of their telecom billing system, telcos not only get to enjoy the benefits of real time charging, they are also able to ensure that credit limits are implemented and resources are authorized on the basis of transactions made by the customers.


How to Make a Seamless Transition to a Modern OCS?


https://www.pearltrees.com/chargingonline#item256059524


Most telcos are aware of the advantages offered by a new-age OCS; however, they do not make a switch to a new system as they are worried about its compatibility with their equipment and applications. Although there concerns are justifiable, there are some online charging systems in market that are actually backward compatible like the one offered by Vcare – Telgoo5. With such an OCS as part of your operation, you can digitalize your workflow, shift your business to the cloud and enjoy flexibility in telecom billing.


https://myspace.com/chargingonline

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6 Things to Look for in a System for Online Charging in the Cloud – online Charging System

6 Things to Look for in a System for Online Charging in the Cloud – online Charging System | Online Charging System | Scoop.it
If you’re ready to take your telecom business into the future, an OCS is the core of any telecom billing operations. But when you look for an OCS, you will discover that there are many choices out there. So we have provided with you some important things to look for when you want to choose the right online charging system for you and for your company.
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Why You Need to Upgrade to a Cloud-Based Online Charging System – online Charging System

Why You Need to Upgrade to a Cloud-Based Online Charging System – online Charging System | Online Charging System | Scoop.it
The complexity of managing a telecom company is mind-boggling. Any telecom company worth its salt must ensure that its technology platform is running 24 hours a day. Others activities like billing and interactions with the customers also have to be taken care of. A good online charging system can help eliminate a lot of tasks from your employees. Cloud-based operations have revolutionized the way online charging systems work. But such software platforms are still underutilized in the telecom industry.
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The commercial success of the Online Charging System (OCS) deployed by telcos is a testament to the ever-evolving telecom b… | Online Charging Solution

The commercial success of the Online Charging System (OCS) deployed by telcos is a testament to the ever-evolving telecom b… | Online Charging Solution | Online Charging System | Scoop.it
The commercial success of the Online Charging System (OCS) deployed by telcos is a testament to the ever-evolving telecom billing technology. Not so long ago, it was hard to fathom how telcos will be able to accommodate so many new offerings (like 2G, 3G,4G, VAS, OTT etc.)
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Looking at Past and Analyzing the Future of Ever-Evolving Telecom Billing

Looking at Past and Analyzing the Future of Ever-Evolving Telecom Billing | Online Charging System | Scoop.it
The commercial success of the Online Charging System (OCS) deployed by telcos is a testament to the ever-evolving telecom billing technology. Not so long ago, it was hard to fathom how telcos will be able to accommodate so many new offerings (lik
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All You Would Ever Need to Know about MNO, MVNO, MVNA, and MVNE – online Charging System

All You Would Ever Need to Know about MNO, MVNO, MVNA, and MVNE – online Charging System | Online Charging System | Scoop.it
The modern-day telecom industry is going through transitions faster than ever before. Addressing the demands of finicky customers, fighting off the competition at every step of the way and countering the threat of OTT platforms is proving too much to handle for even seasoned telecom operators.
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5 Signs Of A Great OCS – Online Charging System – online Charging System

5 Signs Of A Great OCS – Online Charging System – online Charging System | Online Charging System | Scoop.it
If your MNVO wants to have any chance of success, you need to have an excellent OCS to charge your customers accurately and regularly. One of the biggest hurdles that MNVOs face is the fact that they are constantly having to prove their worth. People are still used to working with bigger telecom companies and might be suspicious of an MNVO. Those of us who operate in the space understand that MNVOs are the wave of the future, but some of your customers are still skeptical. That’s why it’s so important to make sure that your billing is on point. Otherwise, you’ll look like an amateur and run the risk of losing customers!
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What to Look for in an BSS/OSS Solution for Your MVNO – online Charging System

What to Look for in an BSS/OSS Solution for Your MVNO – online Charging System | Online Charging System | Scoop.it
It’s expected that by the year 2020, the worldwide MVNO market’s going to be worth $73 billion, and the subscriber number will exceed 300 million, with its CAGR at 10%. One of the things that gives the MVNOs an edge over the MNOs is things like:
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What are the differences between a MVNO, MVNA, and MVNE?

What are the differences between a MVNO, MVNA, and MVNE? | Online Charging System | Scoop.it
MVNO, MVNA, and MVNE are fairly new entities in the telecom world with each having their own role in imparting telecom services. These new entities were created to address the demands of customers whose requirements were not fulfilled by MNO (Mobile Network Operator).
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Online charging system for MVNA | MVNO | MVNE

Our OCS system helps an operator improve his billing operations and lets him attract new customers with better offers and reliable services. | What Should Your Current Online charging system (OCS) Offer? – online Charging System, Online Charging System: The Real-Time Heart of BSS - Farah Atelier, Website at https://www.techmughal.com/2019/03/13/why-misinterpretation-of-3gpp-standards-can-lead-to-a-faltering-ocs/, Why is an online charging system a must-have for any telecom business? - Quora, and Telecom charging system- A Secure and Scalable Online Charging System
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Why Switch to a Versatile Telecom Charging System?

Not so long ago, voice calls and SMS were the staples of the telecom industry. Subscribers were happy as long as they could make high-fidelity voice calls and telecom operators were content with the profits they were making. However, nothing in this world stays stagnant, especially not when technology in the industry is moving at a rapid rate. With the launch of newer technologies and features, the competition between telcos sky-rocketed. As more and more operators got into the mix, the profits started receding. Right now, the race is to launch newer services and better plans. And, to win this race, telecom operators need a telecom charging system that can help them bring their offerings quickly to the market.


Increasing Complexity in Modern-Day Telecom Charging

sco.lt/74UkQy

Telecom charging systems of yesteryears did exactly what they were devised to do. They kept track of calls and SMS along with charging, rating and billing for the services. But, with the launch of newer services like VoIP, IPTV, multi-speed data services e.g. 2G, 3G, 4G, 5G etc., the playing field for telecom operators has changed considerably. Now, the same process of charging, rating and billing has become a lot more complex than it was ever before. Handling large amount of data that comes with modern billing is something that is unachievable for legacy billing systems.


Important Characteristics of Telecom Charging System


 In case, you are still using a legacy charging system, it is time to move onto a cutting-edge system that helps you bring your new plans into the market, quicker than ever before. And, any good telecom operator knows that launching the right product at the right time is the recipe for success. Some major attributes that you should look for before procuring your next telecom charging system are listed below:

1. Backward compatibility – It is hard to make a switch to a new billing system instantly. Hence, you need a telecom charging system that is backward compatible with all your applications, so you can make a move to the new system at your own pace. This prevents you from suffering financial losses while you make the transition to your new telecom charging system.


2. Event/Session-based charging – For an online charging system to be successful in the modern billing tasks, it should be flexible enough to perform both event-based and session-based charging. Event-based charging is required for services like SMS and session-based charging is needed for services like voice calls.


3. Provision for OTT partnerships – One of the biggest reasons why telcos are experiencing diminishing returns is OTT platforms. OTT services like Skype and Whatsapp offer free calls and messaging to users, which eats into the profits earned by telecom operators. However, when you have a telecom charging system that allows you to charge OTT services, you can expand your business by increasing the number of your partnerships.


4. Cloud-based charging system – A cloud-based charging system provides great scalability and flexibility to any telecom business model. It allows for the use of redundancy that prevents the loss of crucial charging information, in case of a disaster. A cloud-based charging system also helps in making a complete switch to the digital platform.
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Why You Should Employ an OCS That Covers Requirements of Past and Future?

Why You Should Employ an OCS That Covers Requirements of Past and Future? | Online Charging System | Scoop.it
Nowadays, telecom industry is in a state of flux. Every telco is looking to venture into new territories to compensate for the money lost to competition and OTT (Over the top) services. In the past, telecom operators used to thrive on revenu
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What Makes an OCS the Ultimate Solution for 5G billing?

What Makes an OCS the Ultimate Solution for 5G billing? | Online Charging System | Scoop.it
Although the launch of 5G is a great initiative in the race to match wired broadband speeds, its value for a telecom operator hinges upon several factors. Faster data connection may seem like a real boon for the subscribers, however, it does not automatically translates into profits for telcos.
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Simplify Telecom Billing with a Trustworthy Online Charging System

Simplify Telecom Billing with a Trustworthy Online Charging System | Online Charging System | Scoop.it

Frequent changes in the requirements of subscribers have placed tremendous pressure on the shoulders of telecom operators to come up with exciting offers. The pressure is so intense that telcos with traditional telecom billing software are finding it hard to survive in this intense competition.

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Convergent Billing: The Future of Telecom Billing

Convergent Billing: The Future of Telecom Billing | Online Charging System | Scoop.it

The convergent billing solution trounces barriers of rudimentary vertical charging/billing systems and allows for combined online charging for all services and customers. This further allows operators to rapidly offer services and extend their customer base.

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