Why Should Billing Support Multiple Charging Models?

Posted on: June 30th, 2015 by bpadmin
Multiple Charging Models

While industry-specific billing methods, products, and services supported by billing systems designed for a specific purpose and charging model used to suffice for most companies 10 years ago, the pressures of globalization and technology requires that enterprises bill “outside of the box” and support ever changing charging models, products and services.

This need can be seen within many industries, one of which is the telecommunications space – where service providers face rapid changes in technology coupled with the increasing demand for these new products and services at lower prices.

Flexible Charging = Survival

Creative pricing, billing and rating models to support intense competition globally will define fitness for survival in this brave new world.

For some companies, the ability to bill for multiple charging models means a dramatic increase in sales and marketing opportunities – while for other companies, this means the difference between life and death.

Billing systems that silo billing into a predefined structure impede the growth and progression of the enterprise. In order to compete and stay ahead in today’s global economy, businesses need to be nimble enough to change with evolving customer demands.

The Comprehensive Billing Solution

While it is impossible to predict with any accuracy the timing and nature of a paradigm shift, it is obvious that they occur with ever-increasing frequency – more often today than in any other point in our history.

Enterprises need the ability to adapt to change in a seamless and efficient manner. Fortunately billing platform offers the ability to bill, rate, and charge in any way imaginable.