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Challenges: Reducing Time
to Deliver New Services and
Controlling Associated Costs
In the rapidly-moving marketplace
of the multiservice world, businesses are challenged
with having to deal in real-time with increasing volumes
& velocity of transactions among multiple partners.
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Pricing and packaging
is now recognised as a key strategic weapon. The
disjointed, labour-intensive approaches of traditional
billing, pricing and rating systems are not up
to the task:
- Pricing creativity has
to be unrestricted and changes need to be rolled
out in days and hours, not weeks and months.
- In order to differentiate
their offers, service providers need to be able
to rapidly introduce new partners and new services.
- Calculation of commissions,
royalties, advertising and sponsorships and
corresponding settlement with partners is fast
becoming a costly time-consuming process. Pricing
analytics and simulation tools are imperative
to check and fine-tune profitability of services
and offers.
- With the rapid uptake
of prepaid payment, and the move towards offering
multi-play services, service providers are often
faced with having to purchase solutions spread
across multiple platforms to handle pricing
& rating. This significantly increases capital
investment and operational costs. Prepaid also
introduces increased risk of fraud or credit
leakage.
- IT systems usually
involve large investments. As new equipment
is often needed to provide enhanced functionality,
service providers require fast ROI for new purchases
made.
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The Highdeal Solution: Revenues &
Costs Associated with Multiple Payment Options Supported
from One Single Platform
Highdeal understands the strategic
role of pricing and provides
a solution that bridges the front-office/back-office
divide. Marketing and pricing teams are empowered with
business oriented tools to allow them to build sophisticated
price plans and launch new services and offers in a
short time-frame.
Service Agnostic Solution
- The Highdeal solution has been
successfully applied to many different segments.
- Examples include Telco,
M2M, logistics, financial services, on-demand services,
SaaS, car parking and road tolling applications
Same Platform Used to Support Convergent
Services & Personalized Payment Options
- Reduced TCO and operational
costs: Prepaid, postpaid & hybrid balance
management models handled on the same platform
- Revenue leakage &
credit exposure greatly reduced due to real-time account
balance management and dynamic charging functionality
Highest Performance at Lowest Cost
- The Highdeal rating
engine has been proven to provide high transaction
throughput and high availability in the most challenging
of environments, be it high-volume billing or online,
real-time operation
- Latest Benchmark : 49,000
Transactions per second with latency of less than
10ms, on hardware costing 50 times less than other
servers typically used for online charging applications
Modular Architecture with Open APIs
- ROI maximised with pay-as-you-grow
hardware scaling and open APIs to connect to existing
systems
- Suitable as an add-on to existing
billing system – add extra functionality with
low TCO
Enhanced Profitability Management
– Revenues & Costs Controlled On Same Platform
- Pricing 360™:
Revenues & costs managed on one single platform
- Fully automated partner
settlement process, eliminating the high costs incurred
with time-consuming manual tasks
- Revenue recognition
and cost analytics: gain an up-to-the-minute view
into billed/unbilled, earned/unearned revenue and
the interplay with partner cost structures
Intuitive Pricing Design Using Easy-to-learn
Visual Symbols
- Create new offers, or
modify existing offers, in just minutes
- Number of price plans required
is reduced 10-fold compared to competing solutions,
providing tremendous savings on operational costs
- Pricing can be tested rapidly
and then made live on the production rating engine
entirely without costly development cycles, thus dramatically
reducing both time to market and operational costs
compared to traditional systems
Bundling & Cross Promotions
- Churn rate reduced via creative,
personalised bundles and offers tailored to micro-segments
- Customer loyalty increased
via targeted promotions
Explore further what
we mean by pricing and rating |
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