Service provide benefits:

Ericsson’s Revenue Management solutions generate both savings and revenue.

The simplified, cost-efficient processes and systems for end-to-end revenue management, combined with a single, converged method to handle all users and services – regardless of payment option or access method – helps service providers to streamline operations, reduce costs, and shorten time to market for new offerings.

These solutions make it possible for service providers to better target their services according to user preferences, with the right packaging and pricing models, helping to build competitiveness.

Service providers also gain greater flexibility to leverage new business opportunities with partners.

User benefits:

Ericsson’s Revenue Management offering is all about simplifying charging and billing, which equates to simpler, easier to understand costs for users.

Users also benefit from the greater number of services on the market, more personalized packages, the flexibility to switch between different payment options, and the chance to access their spending details online.

Revenue Management solutions also support bonuses and rewards, which can equate to greater savings for users.

Ericsson’s Revenue Management solutions help customers to capture and secure money streams and leverage business opportunities from both traditional and multimedia services.

The offering covers all business-to-consumer and business-to-business money streams:

• Retail Charging and Billing solutions for consumers and business users
• Wholesale Charging and Billing solutions enabling new business models with partners such as internet players and media companies
• Payments solutions to give users new, convenient and efficient ways to manage their money and pay for communication services
• Revenue Assurance solutions to detect, correct and prevent revenue leakages, data inconsistencies and fraud.

Service providers face a variety of revenue management issues in order to secure revenue in today’s ever-changing service landscape.

The roll out of a raft of multimedia services requires fair and transparent pricing to attract and retain customers, and new business models to ensure revenue is properly secured and distributed to the content providers that help create attractive services.

In high-growth markets, the challenge is to profitably address low-income segments, putting high requirements on segmentation to avoid price erosion, as well as developing cost-efficient ways to sell telecom services.

Revenue management, based on real-time capabilities, meets the needs of operators, service providers and users alike, by providing credit control while enabling users to manage their spending.

Ericsson offers a complete portfolio of Revenue Management solutions, products and services to meet any customer need. To date, Ericsson has integrated more than 1000 solutions in the revenue management domain, including 150 for real-time charging and 400 for mediation.