As new technologies like 5G and IoT beckon, online charging system architecture needs to be overhauled. Staying abreast of industry changes is a major requirement for telecom operations. When it comes to B/OSS, there are major transformations taking place with Network Function Virtualization (NFV) and Software Defined Networking (SDN) gaining significance. But it is the monetization and charging of services, which is extremely crucial for mobility operators like MVNOs.
Take the Shortcut to Success with 3GPP Online Charging System
An Online Charging System (OCS) forms a crucial part of a telecom operation. In order to ensure flawless charging and rating, it is important to employ a 3GPP compliant OCS. As many operators do not have the necessary time and resources, they are better of choosing online charging system vendors who already have proven product.
The Benefits of OCS Vs. Offline Charging System
In the past, telecom services were charged using IN systems and offline charging system. It required separate billing of different services, which used to cause major complexities in day-to-day billing operations. Nowadays, an OCS can serve as a replacement for both offline charging system and prepaid IN system. Apart from that, it has major benefits:
No revenue leakage
When you have a 3GPP compliant OCS, you are able to track every transaction in real-time. There is no delay between the actual usage and what is reflected by the OCS. Hence, the charging is always correct and there is more transparency in billing.
Quick monetization of services
To launch services faster, you need an OCS that can help you monetize faster than the competition. A 3GPP compliant OCS allows you to quickly turn your plans into action, and also lets you launch pilot projects to gauge subscriber response.
Timely credit checks and enforcement of credit limits
An OCS allows you to enforce credit limits religiously. Because of real-time charging, customers get notification about their allotted quota and do not exceed their credit limit.
Completely secure and error-free
An OCS is error free and allows you to keep the customer information secured at all times. When you implement a 3GPP OCS, you get better encryption and total security.
An Online Charging System lays down a strong foundation for telecom operations. It ensures that every transaction is captured accurately and there is never any problem in billing. For the evolution of telecom billing operations, it is necessary to incorporate a 3GPP compliant online charging system.