Today’s telecom industry is seeing extreme competition from inside and outside. There are many real and virtual operators entering the market, and the competition is strong from Over the Top (OTT) vendors. The breakneck speed in the rise of competition is hard to manage, especially if you do not have the MVNO software solution that is already proven.
Why MVNO Software Solution is Important? As most MVNOs are not tech savvy and only have a passing knowledge of telecom technology, they need a conducive MVNO software solution that can make their tasks simpler. MVNO software solution providers like Telgoo5 offer intuitively designed software that have a simple front-end design, which can be learned by just about anyone. A simple software allows MVNOs to concentrate on their planning instead of the nitty-gritty in the back-end part of the platform. The software allows MVNOs in the following tasks: Create cross-product service bundles for attracting customers Modern-day real-time charging architecture allows MVNOs to charge every service at a single point. If you are using a cutting-edge MVNO software solution, then you will be able to stack up a range of services in the manner you desire. Attractive plans can be created this way, and they can be brought to the market quicker. Backed by APIs In the past, adding new functionalities into MVNO software solution meant expensive software customizations. The software was re-engineered to add the necessary functionality. Not anymore though. Top-notch MVNO software solution providers such as Telgoo5 offer APIs that can easily integrate with the current software you have and offer new functionalities. You can add a new payment gateway or access the services of a shipping vendor without paying an exorbitant charge. All you have to do is install a plug and play API. Secures customer information The Account Balance Management Function (ABMF) is part of the modern-day OCS, which keeps customer account records. As hackers are always on the prowl online, the account information needs to be protected with stringent encryption. A telecom software provider that is well-drilled in its responsibilities can offer you robust security and keep your telecom operations on the right track. Scale as and when required without any new investments With new technologies incoming, you need to scale and adapt to them. A top-class MVNO software solution allows you to accommodate new tech like 5G and IoT without any problems. This goes a long way in minimizing capital investments on a new software, which is very important for an MVNO.
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A Mobile Virtual Network Operator (MVNO) needs to have a solid business strategy, if it wants to make new subscribers and sell its services. Due to a high competition between telcos, the profit margins have receded and keeping hold of customers has become an excruciatingly difficult task. But with the launch of IoT, MVNOs have an opportunity to transform their business and become favorite internet of things companies of the youth.
IoT Data is Crucial The youngsters want the fastest speed on their IoT devices. Whether it is a fitness watch or smart VR devices, they need to be powered with the right IoT data. By supplying a pertinent IoT platform for youngsters, MVNO can access a whole new profitable market for their business. Billing is Paramount Youth of today is not willing to pay a penny more for its IoT data. So, invest in a true real-time charging system that can account for every IoT transaction. If you can send accurate bills every time, you maximize your chances of keeping hold of your customers. IoT development is rampant today, and innovative IoT sensors and devices are on the rise. But so is the threat of hackers. To ward off hack attempts, MVNOs need to provide completely reliable and secure IoT services, and SecureIoTServices can help in achieving that. Convergent billing is the next big thing that has happened to telcos. With a convergent telecom billing solution, it is possible to charge each and every service at a single point, and provide detailed invoices to the customers. One of its biggest advantages is that it creates transparency in billing, and helps telcos win the trust of their customers.
Attractive Telecom Billing with Flexible Solutions As a convergent telecom billing system allows you to charge every service at the same point, it allows you to stack different services as part of the package. You can start attractive cross-product discounts, bring your services to the market faster and even launch pilot projects to gather customers’ reactions. If you are an MVNO looking for a convergent billing solution, then choose the services of a proven telecom billing service provider like Telgoo5. It can offer you complete reporting of every transaction, and provide you analytical insights as well. With Telgoo5 as your partner, you will get access to a host of APIs that can be used for launching new services. Telgoo5 keeps itself abreast of the changes happening in the industry (e.g. launch of new tech like IoT and 5G) and adapts its telecom billing solutions accordingly. |
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