Telecom Charging System Architecture

  5G is upon us and if the experts are to be believed, things are going to change fast. High-speed 5G connections are expected to be a revelation and 5G network slicing with QoS brings in a whole lot of options for the users. But when it comes to monetization, 5G requires its very own convergent charging approach. Staying Ahead of the 5G Game Telcos are looking at 5G as a great opportunity to win back the lost customers. I can be done by supplying them high-quality service, but more importantly at the right price. 5G monetization is an extremely tough challenge. Top companies have their own in-house departments coming up with the best 5G convergent charging platforms. So, it is vital that smaller players and the MVNOs also look to procure the best platforms. Below are some changes that are needed to be made in the current 5G service delivery and monetization for staying competitive and in sync with the future requirements: ·          Offline and online billing addressed via

Enforce policies better and immediately win subscribers’ trust with convergent charging. A real-time online charging system offers convergence in billing and allows you to integrate complex tariff plans easily. Incorporating new services and attractive bundle packages becomes simple and you are able to exploit market trends by launching plans quickly. Convergence allows you to keep up with the emerging technology and fulfil new customer demand whenever they arise. Convergent charging is a concept that all businesses in the telecoms industry need to familiarize themselves with. In the simplest of explanations, this  type of charging method  allows providers to consolidate all of their rendered services into one solo platform.

Given the requirements of modern-day telecom industry, an online charging system is extremely important. By charging events and sessions on real-time basis, it allows for completely convergent billing. Telcos are able to create detailed and bifurcated invoices that reflect all the charges of every service used by subscribers. Considering the evolution of new and more complicated technologies like IoT and 5G, there is a need for better billing solutions. Our modern IoT billing   solution  is perfect for tracking data usage and billing subscribers accurately. Not only that, it enforces credit limits rigorously and prevents customers from exceeding their allocated quota. Source :  https://www.onlinechargingsystem.com/blog/warning-signs-of-impractical-billing-solutions/

Call Detail Record (CDR) is any piece of data that is generated after the use of a telecom service. This data has the complete detail of the usage, which can be call, SMS, broadband data, mobile data, video streaming etc. Nowadays, CDR management has become automated and is mostly handled by data experts. Complete telecom billing hinges upon the accuracy of CDR collection and management, which is why; it has become an essential requirement of telecom operators. When  MVNO  is your business, CDRs (Call Detail Records) are a part of your daily routine. As packages change and real-time charging becomes more important,  new ways of processing  these CDRs become necessary. This necessity leads to the question of how CDR mediation services can be beneficial to your business. https://www.onlinechargingsystem.com/blog/cdr-mediation-services-beneficial-business/

Telecom operators are fighting tooth and nail to stay ahead of the competition these days. It is not easy for them to lure new customers towards their products and services by  simply employing traditional  and obsolete solutions. Customers are becoming increasingly knowledgeable about newer technology, making it essential to  utilize modern day solutions , such as cloud-based OCS, or  online charging system  telecom. If you are looking for the right solutions in this area, Telgoo5 can help. Need for cloud solutions led digital transformation It is inevitable that sooner than later cloud-based telecom billing solutions are going to be the telecom industry norm. There are multiple companies from several industrial verticals that have already made a move towards cloud based operations. The next torchbearers of  digital transformation  is in the form of online charging system telecom with cloud computing. This is why the tech needs to be looked at closely by telecom operators

For an MVNO to succeed in the highly competitive telecom market of today, it is essential to bill the customers accurately. At Vcare, we offer a real time rating system that is well-equipped to charge and rate any type of service. Our OCS serves as the single point of charging and allows for convergent billing. It can charge the services according to sessions and events while enforcing credit limits appropriately. It prevents customers from exceeding their allotted quota and also ensures high transparency in the billing process. The OCS is based on the cloud and is a highly secure platform for the billing of prepaid, postpaid, broadband and streaming services. Source: https://tinyurl.com/qr96tdx

Considering the present-day situation of telecom industry, it has become important to perform flawless telecom billing. You simply cannot force a customer to pay more than what he has actually used without risking attrition. An online real-time charging system provides a great way to keep tabs on subscribers’ usage of telecom services. It facilitates the creation of a convergent telecom charging platform, which allows you to send a single invoice for all service usage. Also, it enforces credit limits scrupulously and helps you send timely notifications to the customer when their call/data usage is about to exceed the threshold value. Source :  https://outboundservices.home.blog/2020/02/11/online-real-time-charging-system-for-maximum-impact/