Stagnation is the worst enemy of a business operation. In the telecom industry, stagnation can cause you to lose out to the competition. For an MVNO mobile services vendor, it is even more important to evolve constantly as the competition is immense. Unlike bigger players in the market, MVNO has smaller margins and limited outreach. So, stagnation becomes its biggest enemy when it comes to business empowerment.
Invest in New Services for Best Results
MVNO can only be profitable if they are able to attract customers with their unique plans. Therefore, it is important for them to invest in new technologies such as IoT and 5G. But these technologies pose a huge requirement in terms of resources such as B/OSS and billing management.
To meet these exigent requirements, a telecom services provider needs a proven online charging system (OCS). Also, it needs to have the computational power that can manage millions and millions of transactions each day. The best way to achieve this is by using the services of MVNO service providers who have pre-existing resources.
Essential Attributes and Resources of MVNO Service Providers
MVNO service providers need to be agile in terms of fulfilling the requirements of MVNO. If they have these essential resources and attributes, they can be a huge asset for your business:
3GPP compliant Online Charging System
When compared with OFCS (Offline Charging System), an Online Charging System (OCS) is way better. But for it to be really effective, it needs to be compliant with 3GPP specifications. A 3GPP compliant OCS has a direct link between PCRF and OCS, which means every service is charged in true real-time, ensuring 100% revenue assurance.
Analytics
Preventing losses is very important and analytics as part of the billing system are necessary for that.
Ingestion from different systems
The billing system should be able to take in data from different systems. Ingestion from different systems is an absolute must for an MVNO.
Support for futuristic technologies
In order to attract customers, you need to provide them the latest and greatest services at a cost-effective price point. A quality billing platform, like the one offered by Telgoo5, can act as a proven IoT billing system that can help you serve your customers better.
Security of data
A billing system captures sensitive customer information, which is why; security is paramount. A securely encrypted telecom charging system is needed to ensure complete safety of customer information.
