5G Billing Solutions: Transforming The New Age Telcos for 5G and Beyond

While there are changes to be made in the network infrastructure, the hardware and equipment to move to the new technology, the telecom companies have also to align their plans and offerings by re-calibrating the evolving business scenario. This involves launching new plans and rating structures. There should be ability to fall back on 4G or 4G LTE networks that they were using in regions and areas that are not yet supporting 5G network.

5G Billing Solutions are billing and revenue management systems that cater to the needs of 5G mobile services. These systems allow 5G service providers to rate, bill and charge their customers seamlessly and without any challenges to cope up with the new technology.

5G Billing Solutions adopt to the generational changes in technology. The 5G technology is changing the scale and speed of the mobile networks and the real time rating and charging by the billing system will now involve a high volume processing of a different scale.

The simplicity in pricing for end users could entail more complexity internally for the billing systems in order to cater for better operating margins, and providing pay as you go services than a fixed fee model.

In order to meet demands of the 5G technology, a 5G billing system needs to cater to following points:

Low Latency, High Volumes and Scalability

The 5G networks are known for their low latency and high speed traffic. This can lead to the Online Charging System  (OCS) be swamped with high volume traffic and needs faster processing from the billing system. If the OCS module in the billing system is not scalable to process high volumes, likely the system will become a bottleneck in providing a seamless 5G service to the end customer.

Real time Charging and Billing

A major chunk of the 5G services across the world is based on prepaid billing and charging system. The prepaid billing system relies heavily on real time charging of the usage. A 5G billing solution must cater to real time rating and charging in order to support the 5G prepaid services.

Even a postpaid billing system requires that it sends out usage notification alerts to mobile users of 5G services for the consumption of mobile data. These alerts need to be real time or near real time and in most countries there are strict norms on sending usage notification alerts.

Complexity with Customisation

5G billing solutions need to be flexible in their design and adopt to changing needs of the 5G world. It could be changes in the messaging formats for diameter processing in OCS (Online Charging System), or changes in compliance driven by regulatory bodies. The billing system should be quick to implement changes and remain in tune with the market demands.

Complex Billing with Innovative Pricing Models

More and more 5G service providers are coming out with innovative pricing models in order to attract customers. Some of the changes that have taken place in recent times include applying add-on packages to existing plans. These add-on packages could allow users to purchase mobile data on the fly and add more data to their existing plan. This is a very popular feature.

It is equally important to allow flexibility to keep the service functional even when there is no quota for calls or text messages left with the subscriber. If the quota for data continues, then the service for mobile data will continue.

EarnBill is a flexible 5G billing solution!

Earnbill provides comprehensive features that support 5G services. It is an enterprise grade and scalable system, which can be implemented by telcos of all sizes. It provides support for complex billing features and at the same time is categorised as an Enterprise Billing System.