Billing & Monetization

Why Should Billing Support Multiple Charging Models?

October 23, 2018

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. Now, the pressures of globalization and technology require that enterprises bill “outside of the box” and support ever-changing charging models, products, and services.

This need can be seen within many industries, such as the telecommunications space. Telecommunication service providers face rapid changes in technology coupled with an increasing demand for 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. 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. 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.

Share Post:

Related posts

Avoid Missing Market Opportunity
Billing Platform Architecture

Avoid Missing Market Opportunity

In today’s product development environment, products and the technologies they are based on change rapidly, as...

Read More
PAAS vs SAAS
Billing Platform Architecture

PAAS vs SAAS

The new momentum around cloud computing is a natural counterpart to the historic, global, technological progression...

Read More
Why the Digital Economy requires Highly Flexible Billing Systems
Billing & Monetization

Why the Digital Economy requires Highly Flexible Billing…

Innovation will drive the next wave of digital offerings; enterprises know that to innovate they must...

Read More