How Telecom Billing Software Benefits Your Business?

Kanika Sharma — Wed, 28 Dec 2022 12:24:30 +0000

Telecom industry has been witnessing continuous tremendous growth for some time now. But it comes with a lot of challenges, one of which is billing related concerns amongst consumers and telecom operators. Within the telecommunication space, billing is a lot more complex as there is dealing with numerous customer data. Manual billing can result in consumption of too much productive time and wastage of resources. Automated billing software is therefore used and preferred by most of the businesses.

Advantages of Telecom Billing Software

In this post, we are going to learn about the benefits of having a telecom billing software for a business:

Reduces Billing Faults

There is no denying the fact that billing is a much more complex process than it looks. Moreover, telecom companies cannot afford errors or miscalculations when it comes to billing. On one hand, billing is directly associated with the trust of their customers and on the other, it also impacts the finances of the company. A reliable telecom billing software guarantees that the final bill received by the customer is completely error-free. While the chances of human errors are significantly reduced, systems with features like identical record checking can dramatically eliminate wasted costs and lost income.

Competitive Advantage

Today consumers want to avail fast paced services in every sense. Even when it is about paying bills, they don’t want to stand in long queues for their turn to come and waste their precious time. Paying bills online is a much convenient way as it saves both time and effort. A telecom company can certainly gain competitive advantage by using an automatic billing system and providing customers with the convenience they are looking for.

Availability of Detailed Expenses

Most of the customers prefer to optimize their calling expenses which means they want to check each and every telecom related service transaction in their bills. This information can be in the form of time, date and duration of calls, internet data expenses, etc. All such details can be easily provided to the customer by using a telecom billing software.

Quick and Timely Bill Generation

Telecom billing systems can automatically prepare bills and generate invoices within the blink of an eye. Now when the end of the month arrives and it is time for subscribers to pay for their monthly services, telecom companies can reach customers without any delay. If all the billing and invoice work is done manually, then it becomes impossible to send invoices to customers within the right time window. This can lead to frustration as customers will not have sufficient time to arrange and pay the money.

Customer Data Remains Secure

With the advancements in technology, hackers are also getting proficient in their attacking techniques. They are always in search of information related to customers such as banking details. These days, most of the customers prefer to pay their bills online which is a golden opportunity for hackers to steal customers’ data. But as a telecom service provider if you provide your customers with advanced billing software to keep their details safe winning their trust.

Provides Reliable Insights

The data generated by a billing software can be of tremendous value for the management of the business. Having detailed and reliable data in a well-organized form can provide management with the visibility and insights required to make informed decisions about business budgeting, forecasting, etc.

Telecom Billing Software – A Must-have for Efficient Business Management

According to research by Statista, mobile data traffic worldwide has grown from 28 exabytes in 2018 to 62 exabytes per month in 2022, with no sign of slowing down. The same is the case with data transfer over all internet access technologies. With all the complexities that come with the process of billing, it is evident that a VoIP billing system is imperative to bill the ever-growing exabytes of data and make the whole process easily manageable for the telcos.

Get Powerful & Efficient REVE iTel Billing Software for your Business

REVE iTel billing software comes with real-time billing capabilities that can boost your growth in the competitive market and ensure customer satisfaction. Some of the highlighting features of our iTel billing software are:

It supports prepaid and postpaid billing facility
Offers an easy-to-use user interface for efficient management
Its monitoring dashboard allows comprehensive analysis of various parameters
It has an secured interface with 2FA, user wise roles and IP restriction
Client management is extremely easy
Rate plan management is no more a hassle
Advanced reporting helps in tracking and optimizing processes

To know more about iTel Billing Software and iTel VoIP softswitch, please get in touch with us.

Contact for Free Demo

The post How Telecom Billing Software Benefits Your Business? appeared first on Revesoft Blog.

VoIP Billing System- Easiest Way to Manage your VoIP Business

Mehedi — Thu, 12 Dec 2019 10:12:09 +0000

VoIP billing platforms are software that helps the VoIP Service provider and other VoIP businesses to manage their business efficiently. They assist in client management, reporting, billing and payment processes. Likewise, VoIP Billing solutions also include detailed analytics, flexible billing cycles, customer self-care, DID management, and prepaid and postpaid billing services.

The Usefulness of VoIP Billing Software

In the present day VoIP market, some soft-switch providers do not have their billing systems. Even if they have a billing solution it has limited features. Usually, call-centre solutions do not come with a Billing module.

Here are some ways in which the Billing software helps the VoIP Business:

The Billing Module enables the admin to cross-check minutes used by their agents.
In cases of fraudulent billing or overcharges by VoIP Providers, the Billing Module helps to compare and rectify the issue.
VoIP billing software can help VoIP providers and wholesalers to consolidate information such as multiple rate tables and routes.
The Billing software can also simplify the billing to multiple customers by offering variable billing cycles.

3^rd-Party VoIP Billing Software

A third-party VoIP billing system can be necessary when the billing services provided by the primary Solution provider are not sufficient. In such cases, the VoIP provider needs to contact a 3^rd party billing provider and state the system requirements.

Thereafter, the billing provider analyses the system and provides the interface as per the requirement. However, this whole process is a big hassle for the VoIP provider. He has to search for and obtain solutions from different solution providers.

Softswitch and Integrated Billing

Therefore, to get an all-in-one product you need to look for something advanced. Opt for a solution that supports all the basic features like manage clients, rates, routing, DID’s and reporting etc. The advanced features help the admin to take a proper decision. In addition to this, it also helps to measure overall system performance.

Some advanced forms of Softswitch with integrated billing also offer fraud detection and security management, for example, Reve SBC. Options for system configuration, alerts, firewall-based authentication, tracing billing activity are some examples.

In addition to the other functionalities also look for a billing platform that offers Prepaid with a traditional Postpaid Platform. The prepaid solution is necessary when you have users with whom you have very little contact. In the pre-paid model, the system first checks a user’s balance before the call is made to see how much cash is available for the call. Next, once the call is connected, the system will start a timer to disconnect the call when the credit has dropped to 0.

Therefore, it can be said that the billing interface is the core feature of a soft-switch for the whole system and business to operate smoothly. Hence, in today’s market, the Solution Provider who offers a stable Softswitch including the billing interface with advanced features will emerge as a leader.