IoT Billing & Invoicing by TimelyBill

P LaJuett on
IoT Billing & Invoicing Solutions by TimelyBill

Our billing engine can support your IoT and M2M billing, rating, and provisioning needs now and in the future!

According to Statista, the global Internet of Things (IoT) market is projected to grow from $251 billion in 2022 to $621 billion by 2030.

Our SaaS-based platform can help you monetize anything connected to the Internet:

  • Built-in CRM and ticketing system for better customer management.
  • Capability to bill and invoice for any recurring, usage-based, or one-time service.
  • Provision of any external devices via REST with our visual workflow tool.
TimelyBill gives you the tools to generate revenue from IoT devices, connectivity, usage, and bundled services.

Visit our website to learn more about our Internet of Things billing system ↗️.

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About the Author:


Patrick is the Chief Marketing Officer for TimelyBill, where he leads the transformation to a more customer-centric company by creating great customer experiences everywhere. Patrick is an SEO expert with 30+ years of experience, including digital marketing for Fortune 500 consumer product and software companies. His profound understanding of technical search engine optimization has garnered him a reputation as an industry leader in the telecom space.

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What is Telecom billing and revenue management? Telecom billing and revenue management is the methodology that involves communication services and debt collection management. The process consists of gathering data usage files, calculating billing fees, generating invoices, and managing customer payments. How does TimelyBill rate usage, calculate billing charges, and generate invoices? The diagram above depicts the telecom billing process flow from the service provider's usage through invoicing and all the way to the processing of payments. Here is a summary of standard telecom billing process steps below: Step 1:  The service provider gathers the usage data files within their network Calls, bandwidth, faxes, per-use… Step 2:  The service provider pushes the usage files to a secure FTP location (via a VPN) At predefined intervals (15 minutes is typical) Step 3:  The billing system imports the usage files and "types" the calls Local, intralata, on-network… Step 4:  The bil
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