ST. PETERSBURG, Russia–(BUSINESS WIRE)–Nextign, a leader in BSS and digitization solutions, announces that its article has been included in TM Forum’s benchmarking report “Telco Revenue Growth: Taking It to the Next Level.” The report examines the major sectors and services impacting Communications Service Providers (CSPs), as well as areas of growth and decline. It draws on data collected from 33 of the largest carriers and serves as a source of vital information on the factors that influence the successful transformation of a “telco” (telecommunications company) into a “techco” (technology company).
Nexign’s article “Harnessing Traditional and New Revenue Streams on Track to Maturity: Harmonization of the BSS Core” discusses key issues facing CSPs looking to go beyond traditional communications and explore vertical markets. The authors claim that carriers launching next-generation services must manage various siled systems, but this process is complicated and negatively impacts the customer experience with regards to billing. According to the article, CSPs can successfully tap into new revenue streams by implementing a holistic and synergistic BSS system and ensuring a converged user experience. They need to increase flexibility at the core BSS layer by internalizing digital open architecture and 5G, and providing network independent convergence.
The article also discusses Nexign’s new microservices-based cloud solution, designed to help operators overcome these challenges and harmonize all revenue streams into a single converged platform. Nextign Revenue Management gives CSPs unlimited flexibility to take advantage of emerging monetization models and services beyond connectivity while considering operational efficiency in an increasingly complex environment. The solution covers the entire revenue management process and is ready to use with any telecommunications service, digital subscription, or third-party product or set of products.
The TM Forum benchmark report was released during Digital Transformation World 2022, an annual international conference dedicated to new trends and achievements in the telecommunications industry.
The full version of Nexign’s article ” Harnessing Traditional and New Revenue Streams on Track to Maturity: Harmonization of the BSS Core is available at this link.
Active in the market for more than 30 years, Nexign is supporting the digital transformation of businesses around the world. It offers convergent BSS systems for telecommunications operators and cutting-edge solutions to promote employee experience management and enable digital ecosystems. We strive to strengthen partnerships with our customers by offering them innovative products based on advanced technologies and extensive expertise in the field of IT and telecommunications. For more information, please visit the site: www.nexign.com.
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The Nexign article included in the TM Forum comparative report
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