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Telecom Business Review | Friday, June 25, 2021
One important trend is the significant change of billing software implemented as a customary desktop application hosted on a communication provider’s (CP) hardware to web-based applications hosted in the cloud.
Fremont, CA: The changing market trends, innovative technologies, regulatory changes, and opportunities constantly transform the communication channel. A versatile and robust billing system that continuously evolves to keep up with the market is critical to capitalize on change.
Here are three trends varying the telecom billing software:
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Move To SIP, Hosted and Convergence
There will be a major switch towards bundles and subscription-based contracts. This change and the growing pressure on margins that SIP telephony will make it more critical for billing platforms to provide inclusive reporting to recognize unprofitable customers and services.
Expectations and Availability Of Data
There is a significant need and expectation for real-time data to be accessible. The demand comes from various supply chain links and end-user customers, who want self-service access to real-time data to secure themselves from surprising costs. Also, customers demand active support and security offered by their CP. Thus, CPs are required to help identify expensive calls and occurrences of fraud.
Cloud, SAAS, and Integration
One major trend is the considerable change of billing software implemented as a traditional desktop application presented as a communication provider’s (CP) hardware to web-founded applications hosted in the cloud. This offers CPs benefits such as enhanced mobility, higher accessibility, and robust disaster recovery. It also eradicates the requirement to buy expensive hardware and pay for existing maintenance of the platform’s environment.
It also supports integration with other back-office solutions since the development of extensive APIs is a requirement for building web-based software.
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