Every telecom operator understands the value of launching a service at the right time. Especially MVNOs understand this better than any other type of operator in the market. But they often undervalue the role of their monetization strategy, and do not always use the best billing software. This is a classic newbie mistake and before they realize it, they fall behind the competition. So, if you have recently launched or are planning to launch an MVNO soon, then prioritize billing software over everything else if you want to succeed in the extremely competitive telecom market of today.
The Value of Point of Sales and Inventory Management
Considering all things equal, inventory management and point of sales (POS) functionalities of your billing software can be the difference between success and failure of your telecom venture. Below are some reasons why:
- A quality POS allows you to manage your inventory at the store
- Lets you deliver a variety of complex services in a simple way
- Improves the productivity of your representatives by providing them a simple interface that is easy to manage
- Inventory management feature allows you to manage and track every aspect of your inventory
- Helps you reconcile in case of a dispute
With all of its cutting-edge features, the best billing software solutions like Telgoo5 can add real value to your telecom operations.
Real-Time Billing Software for Best Monetization
The best billing software is based upon a real-time Online Charging System (OCS). An OCS lets you monetize prepaid, postpaid, broadband, streaming services etc. at a single point. A quality OCS, like the one offered by Telgoo5, enforces credit limits and eliminates the possibility of subscribers exceeding their allotted quota. You are able to send timely notifications to your subscribers about the exhaustion of their purchased data or voice calling minutes.
Real-time charging allows for convergence in billing. You are able to identify every service usage and send completely detailed bills to your subscribers. Hence, the transparency in your billing functions is always maintained.
Vital Features of the Best Billing Software
To be called the best billing software, it should have the following features:
Accurate taxation and discounting
The billing system should implement taxes and provide accurate bills to the subscribers. It should allow you to provide innovative discounts on services like cross-product discounts. In this day and age, you need a flexible billing system that fosters innovation and stays updated as per current industry standards.
Application Program Interface (API) is a key aspect of top billing software. A billing system that comes with ready-to-use APIs can simplify the daily operation of an MVNO. For example, if you need a new payment gateway (with the ability to manage the whole partnership) without any additional efforts, then an API provided by your vendor can let you do that. Telgoo5 offers some of the best APIs that can make your complex tasks easy. If you are an MVNO in the US, then you can screen your customers, remove redundancy in records and even connect the entire NLAD database via a simple API.
Security of subscriber data
When it comes to security, there cannot be any vulnerability in your billing software. The Telgoo5 system is secured with the latest encryption and keeps the hackers away. It is a multi-tenant software with access rights. The admin can assign different usernames and passwords to different parts of the software, and limit the user capability according to his area of work. Telgoo5 offers a simple yet functional billing software for MNOs, MVNOs and MVNEs. It has an intuitive interface that makes it easy for telcos to conceptualize their plans and monetize the services.