Huawei’s end-to-end revenue management system supports telcos to overcome the digital challenges, writes Tim Braulke, principal consultant at Huawei Consulting. Co-sponsored feature: Huawei
Tim Braulke: The death of billing for telcos?
Industry experts have talked about the death of billing for a few years, at least in the telco space. The telco world is moving more and more to pre-paid, online transactions and real-time fulfilment. So why should we bother with something as complicated and cumbersome as post-paid billing? At a first glance this argumentation seems to be perfectly true. Why all this effort? We are living in a ‘right here, right now’ world dominated by millennials going after digital services.
At Huawei we have a fundamentally different belief. Billing is an integral part of revenue management and monetisation. Topics which are more important than ever for telcos who are moving to digital and often struggle to monetise on the digital dividend. Indeed, talking about billing, only in its narrow sense, would be short-sighted. Huawei have extended the concept of convergent billing into a full end-toend revenue management.
End-to-end revenue management in this case consists of the entire process from event recognition, via rating, charging, invoicing to payment and settlement and finally the integration into the financial bookkeeping on the ERP systems. By doing so, Huawei’s end-to-end revenue management system Convergent Billing System (CBS) becomes the telcos’ digital service monetisation engine.
Keep reading on Global Telecoms Business.