Telco billing system to monetize on new revenue streams
Whether 5G, IPTV, video telephony, music streaming, video-on-demand, telco cloud or smart IoT and AI services:
Telcos are transforming into modern multi-facetted Communication Service Providers for the Smart Home, Smart City, New Mobility and Industry 4.0.
Learn how the Nitrobox Monetization and Billing Platform can help you fully leverage your innovation potential, monetize innovative digital products like pay-per-use, subscriptions, on-demand, bundled, and hybrid models, and bring them to market within weeks.
New revenue sources through smart telco services
Driven by 5G and IoT-sation, the telecom industry is undergoing a dynamic technological transformation.
Smart, flexible, and customer-centric telco products that are perfectly adapted to the requirements of B2B customers and the lifestyles of B2C customers are the basis for promising new business models and monetization strategies. And, of course, offered on a customer-specific and demand-driven basis.
Turn your digital business ideas into revenue
This is exactly where Nitrobox meets your needs, enabling you to monetize such complex digital business models with ease by providing the cloud billing platform for:
- One time purchases , e.g. hardware, activation fees
- Recurring services , e.g. subscriptions or connect services
- Usage based services , e.g. Pay-per-Use, streaming-, IoT-based services
- Hybrid models , e.g. bundle, on-demand, modulare products
- Value added services , e.g. helpdesk, setup, concierge services
- Cooperation models with commissions for partners , e.g. dealersor suppliers
Demand-oriented telco products and services
For telecommunications companies, Nitrobox offers particularly great benefits when it comes to billing if demand-oriented products and services. On-demand, pay-per-use and usage-based rates and tariffs can be billed, e.g. by the minute, by the hour, by the day, by event or volume - also in connection with hardware purchases. Potential use cases are telco services in areas such as:
- Smart Home
- Smart City
- New Mobility
- Industry 4.0
- and many more
Advantages of digital Telco products
Finance
- Expand profit margins through digital and usage-based products and services
- Develop new sources of income and profit pools
Customers
- Gain new target groups, markets and connection to ecosystems
- Intensify your customer relationships and benefit from more customer touch points
Innovation & dynamics
- Convert customer needs into telco products immediately
- Status as telco innovator provides competitive advantage and enables market assertion against other providers
Managing a Telco billing model with Nitrobox: This is how it works
Nitrobox acts as a smart subleder. It manages, bills and posts all financial processes and orchestrates the financial interactions between Telco company,customers and payment providers.
Afterwards, Nitrobox hands over the financial reporting to the general ledger of your Telco company. Nitrobox can be easily integrated via API into your existing ERP or backend systems such as SAP, which enables you to roll-out your monetization strategy within weeks instead of months or even years.
Flexible orchestration of your order-to-cash process
- Contract management and billing towards B2B and B2C customers and partners
- Calculation of sell-side commissions and fees
- Offer, bill and post digital payment methods
- Create invoices and credit notes in various languages and currencies
- Apply international taxes and business logic
- Manage payments, e.g.triggering payment collection and payouts
- Retrieve settlement data from PSPs and automated payment bookings
- Post according to modelled business rules
- Create a financial reporting and transfer to the main ledger
Flexible orchestration of your order-to-cash process
Enhance your legacy IT with Nitrobox and implement unlimited business models
When designing new digital telco business models, legacy ERP systems very often prove to be a show stopper.
Telcocompanies face large-scale IT projects, when instead agility, flexibility and scalability are needed.
This is where Nitroboxcomes into play. The Nitrobox solution is an enterprise-grade cloud software (SaaS) for managing sophisticatedmonetization models such as subscriptions, on-demand, bundle or any hybrid model – in real time and adaptable to anymarket.
One central order to cash platform for agile and automated billing processes
The Nitrobox Order to Cash Platform can easily be integrated into existing backend systems such as SAP – enabling companies to roll-out their new monetization strategies within weeks.
Adapting unlimited monetization strategies, convergent billing automation, and payment management are only a few of many capabilities, that are combined in this smart platform.
It is fast, reliable, secure – and helps you overcome the inflexibility of legacy backend systems.
Nitrobox Monetization Platform at a glance
Increase order-to-cash efficiency up to
Shorten the time-to-revenue to
Increase business agility
Reduce TCO up to
Nitrobox core product capabilities
Unique product
Nitrobox provides a unique cloud platform enabling unrivaled flexibility and scalability in set-up and automation of monetization processes.
Monetization strategy
Model your monetization strategy with unlimited options: subscriptions, usage-based, one-time or hybrid. Execute changes in real-time and deploy within minutes.
Revenue recognition
Fully automatic revenue recognition including deductions, tax or refunds. Manage subledgers, debtors, accounts and financial reporting.
Contract management
Manage contracts from creation to fulfillment. Respond to changes in real-time and manage the whole process in one single platform.
Convergent billing
Convergent billing in any language, currency and layout. Connect any type of data for usage rating and dynamic pricing.
Payment automation
Integrate any payment provider or bank account. Automated processing of chargings, refunds and settlements.
Nitrobox to take with you
Nitrobox for Telecommunications
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Nitrobox fact sheet
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