Discover how annual savings of at least c$200m and a 2% uplift in EBITDA are achievable through a digital monetisation approach
Adapt an existing market offering? 9-month legacy vendor change request delay and a ~$2m un-forecasted development fee.
New subscription offering? Completely new subscription management system, 18-month go to market delay, system bloat and increased operational spend.
New Wholesale offering? Additional charging and billing system. Yet more system bloat, time to market delay and increased operational spend.
And so, it goes on.
It’s clear. Legacy charging and billing systems were simply not designed for today’s harsh telco business reality where significant operational cost reductions, massively accelerated go to market timelines and the simplification of revenue management operations are imperative. Instead, legacy billing and charging vendors push billing consolidation and ‘new billing’ solutions that simply prolong the issue by fixing the symptoms, never the underlying causes of the problem.
With some telcos reporting having over 50 separate billing systems and billing related issues driving some 50% of call centre engagements*, something has to change. The business drag of legacy revenue management approaches is resulting in a material impact on the finances of telco operators. MATRIXX digital monetisation unifies charging and rating, offline and online, for usage and non-usage charges for all customer types (B2C, B2B, wholesale and IoT) and all payment models (usage, recurring, subscription and contract). It overcomes the limitations of traditional billing models, which rely heavily on siloed systems that require endless development and costly integration. By refactoring key functionality such as taxation, bill calculation and discounts along with consolidating ALL rating activities onto a real-time monetisation engine and off legacy billing, telcos will realise significant operational cost savings, time to market improvements and customer satisfaction benefits.
MATRIXX Software is the monetisation solution of choice for over 30 major telco operators globally, supporting 100’s of millions of subscribers and executing $Bn’s of transactions annually in networks such as Telefonica, Telus, AT&T, Verizon, Orange, Swisscom and Telstra.
*source: STL Partners ‘Why Legacy Billing Restricts Telco Growth’
