Tuesday, 02 January 2024 12:17 GMT

Earnbill Unveils Future Trends In Telecom Billing: What's Next For Billing Software


(MENAFN- GetNews)

Before understanding the expected changes in the coming years for telecom billing software, let's understand how Telecom Billing Systems have evolved so far.

Legacy Systems (Pre-2000s)

Manual & Batch Processing: Billing was periodic, and there was one flat price for the plan.

Less Flexible: With very little or no capability for value-added offerings, it was essentially voice.

Maintenance: These were custom-built systems and thus difficult to upgrade.

Converged Billing (2000s-2010s)

Integrates Voice, Data, SMS: During this era, converged billing/charging emerged as the ability to bill for prepaid and postpaid.

Better Automation: Improved processing of CDRs led to better efficiencies in the systems.

Begin to look at CRM and ERP: Significantly improve customer experiences, but mostly segregated systems.

Digital Transformation Era (2010s-Early 2020s)

Real-time Charging: New real-time charging systems allowed for much more updated pricing, flexibility, better customer experiences, and propositions on fraud.

Cloud Begins: Operators began the transitional period from on-prem solutions to cloud solutions.

Customer-centric billing: Wished-for options such as self-service portals and apps, and promotions at their fingertips.

What to Expect in the Future

1. Fully Cloud-Native Billing Systems

Expect fully scalable cloud billing systems to provide BP, flexibility, and a lower total cost of ownership (TCO).

Expect:

  • SaaS-based billing systems.
  • Multi-tenant architectures.
  • Faster time to deploy.


2. AI and Predictive Billing

  • Increase accuracy and support better decisions.
  • The Predictive usage forecasting and churn analysis for AI-guided choices.
  • Smart bill shock detection and avoidance.
  • Fraud alerting and detection for anomalies in real-time.


3. Support for 5G and IoT monetization

New use cases involving ultra-low latency, massive device connections.

Expect:

  • Micro-transaction billing to arms-length.
  • Billing for Network Slicing.
  • Billing for QoS (quality of service) levels.


4. Blockchain billing for transparency

Better trust, traceability, and accuracy when settling with partners.

Expect:

  • Smart contracts for B2B and roaming agreements.
  • Immutable audit trails for compliance reasons.


5. Ecosystem and partner monetization

The proliferation of MVNOs, content providers, and edge computing

Expect:

  • Automated settlements to partners.
  • Revenue share engines.
  • API first monetization platforms.


6. Maximum personalization and pricing dynamics

Consumers want a billing user experience similar to the one from Netflix.

Expect:

  • Bundles and billing plans on a personalized level.
  • Loyalty and pricing based on gamification.
  • Provision deployment with immediate real-time insights into user interactions.


7. Supply chain regulation and ESG

Operators will require new sets of tools to meet rigid compliance and sustainability reporting standards.

Expect:

  • Integrated tools for tax, GDPR, and ESG reporting.
  • Carbon tracking feasibility incorporated into usage-based charging functions.

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