What is revenue assurance?

What is revenue assurance?

Revenue assurance is the application of a process or software solution that enables a communications service provider (CSP) to accurately capture revenue for all services rendered.

Why is revenue assurance important?

A revenue assurance process can help turn up profits, cut waste and improve operational efficiencies if a company commits to change internal systems, processes and management style.

What is revenue management in telecom industry?

Revenue Manager provides a complete system for roaming partner management, CDR rating, billing and management of visiting roamers on your network. You might only offer prepaid services to your own domestic customers, however visiting roamers can be a valuable source of additional revenue.

What is a revenue assurance audit?

Revenue Assurance Features Data quality audit and reporting for completeness, accuracy, and timely receipt of data from all nodes. Trend analysis for single source analysis. Detailed usage reconciliation (DUR) for CDR matching.

What does a revenue assurance team do?

The Revenue Assurance Team is responsible for identifying areas of improvement in company revenues and margins. Through analysis and creation of new audits and reports, the Revenue Assurance Team ensures accurate billing to customers and optimal costs from vendors.

What is a revenue assurance manager?

You use Revenue Assurance Manager to verify the end-to-end completeness, accuracy, and integrity of BRM billing and pipeline batch rating results. You can analyze revenue assurance data to find revenue leakage in your system. See “About Collecting Revenue Assurance Data from Billing” for more information.

What are the benefits of telecom retail billing?

So, let’s define the benefits of a telco billing system.

• Electronic billing features.
• Validation of Data Records.
• Reduces Errors Associated With The Billing Process.
• Provides Detailed Billing Data.
• Empowers Management With Reliable Data.
• Easily Change and Manage Pricing Plans.
• Streamlines the Budgeting Process.

Who is a revenue assurance officer?

The ideal candidate will be required to: Detect areas of financial leakages and design appropriate strategies to enforce compliance with operational process affecting revenue. Liaise with relevant units and departments in confirming the integrity and assurance of service provisioning.

What is the meaning of revenue leakage?

In a services organization, Revenue Leakage refers to the loss of revenue for your company. But the focus of this article is on services hours that are either not billed or under-billed to your customer, and therefore causing a drain on company revenue and profitability.

What is rerevenue assurance in the telecom sector?

Revenue Assurance in the telecom sector is focused on ensuring that charging and billing are as accurate as possible. It is an effort to avoid any revenue leakages. As telecom sector has expanded and operators offer a bouquet of services it is important to keep a check on the system to avoid any errors.

What is the meaning of re revenue assurance?

Revenue assurance. Revenue assurance (RA) is a niche business activity most commonly undertaken within businesses that provide telecommunication services. The activity is the use of data quality and process improvement methods that improve profits, revenues and cash flows without influencing demand.

What is teletelecom service assurance?

Telecom service assurance includes a number of tools for fault and event management, performance management, quality of service management, network traffic management, network and service testing, and customer experience management, among others.

What is rerevenue assurance (RA)?

Revenue assurance (RA) telecommunicationservices, is the use of data quality and process improvement methods that improve profits, revenues and cash flows without influencing demand.