Telecom Billing Blog

A comparison of telecom invoicing systems: accounting versus billing software, and what's best for telcos. In today's competitive telecom market, sending timely invoices, collecting payments and tracking your company's financial health is critical to success. What's the best way to get invoices out to your customers so you get paid?  The most common invoicing systems are either financial accounting packages or automated billing platforms (like TimelyBill). Both of these software applications can pack a punch.  Here is a quick comparison of the features and limitations of each. Using Accounting Software to Produce Telecom Invoices Accounting software enables businesses to track financial transactions (payments, adjustments, etc.) for balance sheets, P&L, and tax liability. Most accounting systems allow companies to create manual invoices and handle the needs of the typical business. Accounting systems can typically track the following: Accounting functions General le

Supporting Your Business and Your Operations TimelyBill offers a single stack OSS / BSS on a cost-effective, cloud model for both traditional telecoms as well as wireless, VoIP, Broadband and IoT service providers. But… what’s the difference between OSS and BSS, and what does it mean for you? What is OSS? OSS, or Operations Support Systems, are back-end components that manage administrative duties. OSS typically includes service assurance, customer care, network inventory, network management systems, service delivery, activation and provisioning. TimelyBill data alarms are an example of an OSS component. Data alarms monitor our database for specific criteria, enabling fraud screening, email notifications and automated workflow steps. We also enable true flow-through provisioning to external devices and platforms. What is BSS? BSS, or Business Support Systems, are front-end components that manage the customer-facing duties of a company. BSS handles product management, revenue management

Prorated Billing with TimelyBill What is Proration or Prorated Billing? Prorated Billing is a way of creating fair charges to reflect changes mid billing period. For example, if a customer joins in the last half of the billing period, a prorated billing system would only charge for the half that the customer used the service rather than the entire billing period. How does TimelyBill use Prorated Billing? TimelyBill’s billing and invoice generation system calculates a customer's recurring and non-recurring charges, taxes, discounts and more. If a company chooses to opt into proration, TimelyBill can quickly and easily account for day-by-day payment. Benefits of Prorated Billing with TimelyBill TimelyBill handles the proration for you Allows customers to join a subscription without hassle Customers are more likely to continue service if they're charged for only what they use Creates a stronger relationship between service and consumer We&#