Why Should Billing Support Multiple Charging Models?

February 09, 2013

Industry-specific billing methods, products, and services supported by billing systems designed for a specific purpose and charging model used to suffice for most companies. Now, the pressures of globalization and technology require that enterprises bill “outside of the box” and support ever-changing charging models, products, and services.


This need can be seen within many industries, such as the telecommunications space. Telecommunication service providers face rapid changes in technology coupled with an increasing demand for new products and services at lower prices.

 

Flexible Charging = Survival

Creative pricing, billing, and rating models that support intense competition globally will define fitness for survival in this brave new world.

 

For some companies, the ability to bill for multiple charging models means a dramatic increase in sales and marketing opportunities. For other companies, this means the difference between life and death.

Billing systems that silo billing into a predefined structure impede the growth and progression of the enterprise. To compete and stay ahead in today’s global economy, businesses need to be nimble enough to change with evolving customer demands.

The Comprehensive Billing Solution

While it is impossible to predict with any accuracy the timing and nature of a paradigm shift, it is obvious that they occur with ever-increasing frequency; more often today than in any other point in our history.

 

Enterprises need the ability to adapt to change in a seamless and efficient manner. Fortunately, Billing Platform offers the ability to bill, rate, and charge in any way imaginable.

Author: Nathan Shinn

Nathan Shinn, co-founder and Chief Strategy Officer of Billing Platform, is known for his tireless work ethic and innovative vision ensuring the success of his company, clients and employees. As an engineer with over 20 years of experience in high-volume, enterprise information systems, he is closely involved in the technical evolution of the platform. Nathan earned his degree in Computer Information Systems from the Colorado State University, graduating Summa Cum Laude. In the following years, he gained a reputation as one of the industry’s leading authorities on high-volume software systems, Enterprise Billing and Cloud technology.

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