How Can Telecom Digital Bss Platforms Boost Revenue Generation For Csps?

By Author: Kevin
Total Articles: 98
Comment this article

Measures that promise to increase profitability will always garner attention at a time when average earnings per account are dropping. Telecom digital BSS platforms are capable of handling billing, rates and charging, user experience, customer service, CRM, satisfaction, and revenue control. A digital BSS solution extends beyond these responsibilities to facilitate, monetize, and manage an entirely novel category of digital services, and foster collaboration too. It aids in the transition of a communications service provider (CSP) towards a digital service provider (DSP) and is necessary for the 5G shift.

Digital BSS platform to boost revenue generation for CSPs

Flexibility and agility

Cloud native BSS solutions reduce time to market. They lower overheads and improve speed. BSS enables CSPs to adapt quickly to changing customer requirements and requests.

Improves efficiency

Moving to a unified cloud-native BSS platform with an all-encompassing window improves the BSS process and increases organizational efficiency.

Enhanced monetization

The 5G-ready digital BSS platforms enable ...
... telecom operators to quickly monetize the data network with new and tailored offers, improving subscribers' digital interactions and customer loyalty.

Centralized catalog management

With 5G, CSPs will have challenges in supporting new business models and case use on the go without costly and time-consuming updates to backend technology. A consolidated product catalog on a digital BSS solution enables CSPs to adapt swiftly to network advancements.

Improved quality of service

By deploying cloud native BSS solutions, CSPs can provide high-quality service to customers, irrespective of the location and time.

Retaining profitable customers

The expense of gaining new client accounts is significant. Telecom enterprises can gain an exhaustive overview of the client using telecom digital BSS platforms, enabling unified billing, tiered pricing, and relevant discounts. This makes analyzing the value that consumers offer to the company much easier. This allows the CSP to stand out with its unique offerings.

Customer service automation

Quick resolution of issues is expected via online, mobile, and social media channels. Consumers will be more engaged and appreciated. WhatsApp and NLP chatbots for fast resolution of consumer issues are the most recent contributions to this trend.

New service offerings

Not only is the popularity of the cloud growing among consumers, but corporations are also embracing cloud-based services to facilitate communication among employees across the globe. A comprehensive cloud-native platform enables CSPs to quickly combine cloud-based services with conventional offers, allowing them to raise the average revenue per user while still being considered creative.

As we get closer to a cloud-based world, carriers must make the ultimate decision on moving to cloud-based digital BSS platforms. In this competitive digital world, that is the only means to survive. Telcos can scale greater heights and boost profits by leveraging the cloud.

Telecom Digital BSS platforms help the whole customer lifecycle, from discovery, placing an order, and invoicing through payment and maintenance. From the start, it facilitates traditional, next-generation, and value-added services. CSP and telecom businesses must use this platform as it gives the required boost to generate more revenue with its amazing features. Cloud native BSS solutions are the latest trend in this direction.