Importance of Revenue Management System in Telecom

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Telecom revenue management systems enforce revenue accuracy by charging customers according to commercial agreements. Their primary function is to prevent revenue leakage by ensuring the integrity and accuracy of processes like rating, invoicing, billing, and fraud management.

1.  Charge creation according to subscription, usage, rating, interconnect billing, roaming, and mediation

2.  Validation of sold services and products with what is delivered to the customer

3.   Payments, inquiries, and dispute settlement

4.   Collections and accounts database

5.   Automatic file exchange and reporting capabilities for a 360-degree view of roaming services

6.  Evaluating potential revenue leakage with inconsistent gaps and trends analysis

7.   Data for upselling and cross-selling strategies

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