Business support system refers to the assistance and the services provided by the government and private agencies to help entrepreneur start a new business or to develop an existing one.
- It can be used to handle some of the internal processes such as data entry, payroll management, and bookkeeping, you can focus on the core activities of your business so it can run smoother and end up earning more profit.
- Business support system plays an important role in ensuring growth, sustainability and development of SMEs.
- It also helps the company in running their payroll effectively. Company managers are sometimes too busy to maintain their payroll, in such a case business support system can greatly assist in staying on the top of payroll requirements.
- A BSS provides a service provider with a connecting, integrated and coexisting business environment. A good BSS provides system control and detailed scheduling to service providers, which facilitates the implementation of required changes without impacting customer satisfaction.
- BSS also helps improve productivity by minimizing manual intervention and ensuring error-free processes in a business.
- It enables innovative ideas to meet changing market demands.
- Centralizing catalog management: a BSS with a concentrated product catalog lets operators, partners, and distributors swiftly launch new plans and offers.
- Ensuring efficient revenue management: real-time billing and policy control and convergent charging help operators monetize their network efficiently. Interconnection and billing for roaming also enable new monetization opportunities with partner networks.
There is no doubt that 2021 will be a challenging year for telecom operators across the globe.
Due to the hazards of Covid-19 in 2020, the world markets are emerging from the losses they incurred.
So, a telecom operator needs to be at its best and employ top telecom billing solutions if it wants to succeed in 2021.Key Areas to Improve in 2021If you already have a successful telecom billing platform, you would still want to improve in 2021 because of the new challenges.
Have a look at some areas where there is scope of improvement:SecuritySecurity cannot be stressed enough in telecom business.
As telecom billing systems store huge amount of customer-specific information, it is essential to bolster their security.AnalyticsMore and more companies are using analytics to make their business decisions.
It is already proven that insights generated from accumulated customer data can be more effective than basic human decision-making.
TelioLabs is one of the industry giants in India that offers end-to-end OSS/BSS solutions, scalable support models to enrich your core business value by upgrading enterprise service levels, knowledge and security by reasonably reducing the cost.
Our thought leadership position in the critical network, OSS focused areas and communication connections assist you to enhance the extent and depth of amalgamates MetaSolv’s Solution Architecture, OSS assets with Oracle‘s BSS/CRM solution.Continue Reading...
Telecommunications is an important part of the business world.
You can attend meetings and train your employees through video telecommunications software.
It also cuts the cost of establishing and helps grow profits.
You can talk to whoever you want by telephone.
With the perfect use of telecommunication software collaboration it has become easier, which has positive effects in the business world.
One of the latest examinations by Deloitte shows that the vast majority fear monetary misfortune, unapproved admittance to delicate information, and fraud.
