Traditionally, the telecommunications industry has always been considered a focal point for billing expertise. In this new report by the leading analyst firm, Gartner, the transition of telco billing products into other industries is examined. The report addresses how other verticals can benefit from billing expertise, and how billing products need to evolve in order to meet the requirements of other industries.
Telecommunications BSS Software Solutions Can Help Other Industries Improve Efficiency
According to Gartner’s report, Business support system (BSS) solutions aren't just for telecom communications service providers (CSPs). The leading analyst firm says any company that has a high transaction volume and operates in a competitive market can use such solutions to manage their customers in terms of billing, rating, charging, pricing, settlement, and others. Companies in media and entertainment, on-demand services, and banking and insurance should consider BSS solutions. Multiple partners and complex pricing and revenue-sharing schemes lead to an increasing demand for sophisticated business management platforms. Potential prospects in other industries include utilities, transportation, remote monitoring and retail.
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