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Things You Should Know before Investing in an Online Charging System PowerPoint Presentation
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Things You Should Know before Investing in an Online Charging System

Things You Should Know before Investing in an Online Charging System

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Things You Should Know before Investing in an Online Charging System

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  1. Things You Should Know before Investing in an Online Charging System Although the launch of ​5G​ is a great initiative in the race to match wired broadband speeds, its value for a telecom operator hinges upon several factors. Faster data connection may seem like a real boon for the subscribers, however, it does not automatically translates into profits for telcos. A lot was expected by telcos after the launch of 4G, which supplanted the erstwhile 3G connection. But instead of ​bringing in new revenue streams​, it dug a hole in their pockets as subscribers were lured away by OTT (over the top) platforms like ​Netflix​, Facetime and Skype. Hence, it is imperative for a telecom operator to be proactive in his strategy while tackling 5G. One way of ensuring that you maximize the advantages offered by 5G is by investing in a real time charging system that monetizes all your offerings.

  2. What Makes an OCS the Ultimate Solution for 5G Billing? 5 G Networks OCS Online Charging System​ is a real time charging system that is designed to match the current requirements of telecom billing. It is 3GPP release 11 compliant and ​works a lot better than the charging systems employed in traditional billing solutions, which lack the desired scalability and flexibility. Some key features of an ​online charging system​ and traditional charging systems are listed below:

  3. 1​. Session based and event based charging for different telecom offerings like voice calls and SMS 2.​ Identification of subscriber and service before offering access to a service 3.​ Monitoring and tracking service usage and also maintaining records in the database 4.​ Updating subscriber balance 5.​ Management of important features like blacklisting, prepaid lifecycle, live balance etc. 6. ​Calculating charges as per CDRs (Call Data Records) and recording them in the system database

  4. Things to Consider before Investing in a Real Time Charging System for 5G Real Time Charging System Although OCS has immense benefits and can be a worthy upgrade for your older charging systems, there are certain things that you ​need to be mindful​ of before investing in a real time charging system.

  5. 1.​​Past and future compatibility​ — To ensure that OCS works with legacy and future applications, you should invest in a robust and backward compatible real time charging system. A good upgrade option​ is an OCS that can be integrated with older IN (​intelligent network​) along with next-gen IP, 5G, FTTH/HFC, wireless and wire line networks. 2​. ​Postpaid/prepaid convergence​ — An OCS should allow for complete postpaid/prepaid convergence, so you can ​offer composite VAS​ (Value Added Services) along with video and voice services quickly. 3​. ​Convergence between service and network​ — With so many different data speeds provided by ​different connectivity platforms​ e.g. CDMA 2.5G, LTE, WiMAX, Wi-Fi, 3G, IMS, 5G, broadband, it is important that an OCS should show true convergence in rating a variety of applications with different bandwidth requirements. 4​. ​Intuitive graphical user interface (GUI)​ — To make operations simple, the OCS should have an ​easy to operate

  6. GUI that lets telcos customize their 5G offerings quickly and as per requirement. 5​. ​Support vendor partnerships​ — A ​real time charging system​​should allow for the ​management of different vendor​ partnerships e.g. partnerships with MVNOs, MVNEs, OTT etc.