Automated Revenue Management (ARM)
Automated Revenue Management aims to maximize revenue by making the most efficient use of resources.
TimelyBill has Built-in Revenue Management Capabilities.
TimelyBill increases efficiencies by simplifying revenue-related tasks. This reduces human error and ensures that products or services are priced and billed at the highest possible value.
Here are a few of the ARM features our system offers geared towards telecom service providers:Integrated CRM: TimelyBill's core CRM helps you understand a customer's lifetime value and tailor future offerings to best suit individual customer profiles. You can also offer pricing discounts based on a customer's usage or payment history.
Usage-based Charges: Set your prices based on demand. This means prices fluctuate based on consumption, not just over longer periods. For example, an internet provider might increase data rates during peak hours or high demand.
Price Levels: Create different price levels for customer segments or conditions using rules and product configurations. A common scenario would be offering free minutes or data usage until a specific usage threshold is met (e.g., you offer customers 1GB of mobile data montly at $5; the next GB is charged at $2).Data Analytics & Reporting: Use data to analyze customer behavior and trends to make informed product pricing and bundling decisions. For example, you can analyze which customer segments are more price-sensitive and adjust your product offerings accordingly. Our systems can also identify historical billing patterns, such as analyzing the call usage-related costs of a typical residential customer versus a commercial customer's usage costs.
Taxation Rules: Create your tax strategies to comply with legal standards and avoid compliance issues. For example, a VoIP company can set taxation rules based on services used in a particular jurisdiction (town, city, county, and state).TimelyBill's revenue management solution is billing-focused. Telecoms can build usage/consumption pricing models and drive demand for faster, more agile revenue automation.
We support both one-time and recurring revenue, enabling you to manage diverse business models.
Automated Revenue Management (ARM) optimizes pricing and billing, enabling telecom companies to maximize revenue, reduce errors, and make data-driven decisions, all while ensuring compliance with complex taxation rules.
