December 12, 2019 4th quarter 2019 equinox update newsletter. Portuguese business assurance outfit wedo explained its new raid enterprise business assurance software suite is the cornerstone of a major diversification in its business. Instead of correcting errors after they occur, or not detecting and correcting them at all, revenue assurance enables the csp to examine and plug dozens of actual or potential leakage points throughout the network. Global telecom billing and revenue management industry. Usha martin technologies is one of the oldest telecom revenue assurance and fraud management solution provider. There are over 35 telecom revenue assurance careers waiting for you to apply. Apply to senior software analyst, program analyst, operations associate and more. Fraud can be viewed as an intentional revenue loss. Analytics techniques and software are one of the big trends in telecom software and directly impacts the auditing, usage, and revenue monitoring functions of business assurance. For a quarter century, equinox has helped customers stop fraud, mediate usage data and optimize revenues with solutions customized to their specific needs and service that goes beyond the call. Cellos software offers revenue assurance solutions in telecom industry for implementing data revenue assurance ra, with the flexibility to support significant.
This suite of best practices, including a guide book, maturity model and kpis, is the best source of revenue assurance expertise. Since 1986 more than 360 telecommunications companies have trusted equinox information systems to be their partner. With quantitative and processbased analysis of revenue leakage, it is fast becoming the defacto way revenue assurance professionals do business. There are over 35 telecom revenue assurance careers waiting for you. Equinox information systems is a seasoned provider of costeffective and flexible software solutions for the telecom industry. Vp for finance and revenue assurance, spice telecom i searched extensively for a comprehensive reference on revenue assurance and was very lucky to. Telecom billing market share, size, revenue, by service and. Revenue assurance market size, share, industry analysis. Suddenly there was a revenue assurance manager for every department in every telecom company. Broad impacts for telecom entities revenue recognition for handsets may be accelerated compared with current accounting, revenue recognition for handsets may be accelerated. Telecom assurance was the clear choice for our new phone vendor because they demonstrated voip expertise, responsive support and easy to understand billing.
Overview of fraud and revenue assurance in telecoms techzim. Press release telecom billing market share, size, revenue, by service and software 20202026 published. Revenue assurance and fraud management the life line for. New technologies and the arrival of otts have meant increased competition, even in national markets, from global players with highly disruptive business. How to set goals, automate, and energize your team interview with kathleen romano business assurance ba skills have wide applicability outside the revenue assurance and fraud mangement domains. And this is also the opinion of the survey participants most believe their revenue assurance programs are improving and expanding. Feb 19, 2020 according to a new market research report telecom billing and revenue management market by solution software mediation, billing and charging, revenue assurance, and fraud management and. Billing revenue assurance audit complexities challenges. We also hear from steve cotton, head of revenue management at tm forum, on his analysis of mobile opportunities visavis over the top. Parcus group analytics, training and consulting services. We can provide experienced consulting along with widely deployed software and. In this article, a telecom executive explains how shes applying her ba skills in the payments area.
Amdocs contributed advanced analytics, cyberfraud and behavior analysis to the project championed by orange group and ntt, in collaboration with bearingpointinfonova, esri and. We offer telecom fraud management, revenue assurance software, revenue management software for smooth telecom revenue management. Telecom billing market share, size, revenue, by service. The telecom billing and revenue management market by solution software mediation, billing and charging, revenue assurance, and fraud management and services, deployment type, telecom operator. This is due to the fact that the new standard removes the contingent cap methodology that many telecom entities have used when accounting for sales of wireless arrangements. Ai and ml can come to the rescue by detecting and preventing fraud and revenue loss, helping keep pace with the rhythm of innovation in products.
Software needs to be tailored for each customer and each revenue assurance problem. According to a new market research report telecom billing and revenue management market by solution software mediation, billing and charging, revenue assurance, and fraud management and. Not only will the new products target business functions beyond its traditional areas, it is designed to help other verticals beyond telecoms too. Feb 08, 2017 i would first give an idea what revenue assurance actually is.
This form of revenue assurance is most commonly promoted by software houses that aim to provide databases and configurable tools to extract and. Equinox information systems provides data mediation and usage analytics tools for fraud management, business assurance, and network monitoring. New telecom revenue assurance careers are added daily on. Revenue assurance is used both to describe an activity performed within telecommunications service providers, and is a common name for a small business unit associated with that activity. Telecom revenue assurance jobs check out latest telecom revenue assurance job vacancies for freshers and experienced with eligibility, salary, experience, and location. Mkb comms supplies an enterprise telecom revenue assurance, billing and fraud management solution called switchblade revenue assurance for realtime telecoms network monitoring and intercarrier billing switchblade can monitor either traditional ss7 traffic carried on e1 stm1 tdm trunks or sigtran voip traffic carried over an ethernet packetswitched network. Revenue assurance departments were established internally within every telecom company, and outside experts were hired to train teams to get costs under control. December 18, 2019 meriplex communications turns to equinox for business assurance project.
Revenue assurance ra has been a problem for the telecom companies since the very early stages. Why not instead charge for the real challenge, which is the tailoring and integration. But if that is so, why are software vendors already offering what they describe as cots solutions with pricing models based on the volume of transactions assured. Telecom product cost models, pricing models, customer churn and risk analytics models, p roduct development and lifecycle management software tools, training services delivery of training for telecom industry in product management, product development, marketing, analytics, finance and sales disciplines. For the love of physics walter lewin may 16, 2011 duration. David started his revenue assurance career at mci worldcom, where he designed and projectmanaged the. The revenue assurance market comprises several stakeholders, such as revenue assurance software vendors, system integrators, managed service providers, government and regulatory authorities, investors and venture capitalists, technology providers, suppliers, distributors, and contractors, telecommunication service providers tsps and. Telecom software solutions, fraud, switch, wireless. Jun 19, 2017 the last ra report published by tmforum estimates communications service providers csps lost about 1. This training is designed for executives and managers who want an overview of the depth and breadth of revenue assurance to help them make better decisions, financial managers and chief financial officers who need an organized, systematic framework for revenue assurance that will allow them to better organize revenue assurance operations, communicate revenue assurance priorities and delegate.
Revenue assurance and fraud management detection, correction and prevention. Global telecom billing and revenue management industry, 2024. Telecom revenue assurance training and certification. Revenue assurance ra telecommunication services, is the use of data quality and process. This discussion on the evolving role of revenue assurance was catalyzed by a. I would first give an idea what revenue assurance actually is.
Telecom operators reality is a technologically complex, competitive and. Telecom operators reality is a technologically complex, competitive and global environment. Revenue assurance and fraud management the life line for telecom sector the cause of revenue leakage can be either through systemprocess misbehavior and or fraudulent activities. Register free to apply various telecom revenue assurance job openings on monster malasia. Revenue assurance solutions in telecom industry by cellos. Revenue assurance is an endtoend quality assurance tool for telecom.
And to learn where telecom is likely headed, tri analyzes a revealing late 2010 netcracker global opinion survey of 50 boss leaders. A revenue assurance expert with over 10 years of practical experience within telecoms revenue assurance, david graduated from brunel university with a degree in mathematics and statistics, after which he moved into the financial services sector. Ml and ai the future of revenue assurance and fraud. New technologies and the arrival of otts have meant increased competition, even in national markets, from global players with highly disruptive business models. Revenue assurance billrun open source monetization. Telecom assurance providing smart, reliable voice and data. Instead of correcting errors after they occur, or not detecting and correcting them at all, revenue assurance enables the csp to examine and plug dozens of actual or. Revenue assurance is not just looking after the customers who over billed, under billed or charged differently in terms of telecom. Most telecom executives would agree that inefficient control over the revenue stream process may cause revenue leakage of up to 5% or more. The telecom business, fraud, cost, and revenue assurance. Telecom assurance providing smart, reliable voice and. The telecom industry undergoes immense challenges that strongly affect the providers it infrastructure complexity and integration abilities. It drives you step by step into the ra world and gives you the required knowledge in a simple and easy way. Revenue assurance market size, share, industry analysis and.
Revenue assurance is an endtoend quality assurance tool for telecom providers. Telecom software solutions, fraud, switch, wireless, revenue. Revenue assurance market growth, trends, forecasts 2020. Revenue assurance a critical tool for telecom success. I recommend it to all telecom professionals who would. The telecom billing and revenue management market by solution software mediation, billing and charging, revenue assurance, and fraud management and services, deployment type, telecom operator type, and region global forecast to 2024 report has been added to s offering the global telecom billing and revenue management market. That is why telecom executives pay particular attention to revenue assurance, its completeness and integrity. The frequent changes require providers to invest a fortune in quality and availability assurance. Jun 28, 2016 telecom operators reality is a technologically complex, competitive and global environment. Telecom product cost models, pricing models, customer churn and risk analytics models, p roduct development and lifecycle management software tools, training services delivery of training for telecom industry in product management, product development. Post graduate diploma in management telecom by mit school of distance education is a specialized programme. Telecom revenue management system, revenue assurance.
Not only will the new products target business functions beyond its traditional areas, it. Nov, 2007 revenue assurance a critical tool for telecom success proper revenue assurance can help limit the amount of money lost to faulty billing systems, redundantly provided services and fraud. Kpmg in india has extensive experience of delivering revenue assurance engagements for large telecom companies both in india and abroad and has the largest telecom practice in the entire europe, middle east and africa region. Revenue assurance a critical tool for telecom success proper revenue assurance can help limit the amount of money lost to faulty billing systems, redundantly provided services and fraud. Telecom revenue assurance jobs may 2020 latest telecom.
To give service operators a better choice to invest in low cost ra tools. Cellos software helps revenue assurance teams in implementing data revenue assurance ra, with the flexibility to support significant data traffic growth, additional new entities in the revenue chain, complex new pricing models and highspeed technologies like lte and 3g. Apr 24, 2020 press release telecom billing market share, size, revenue, by service and software 20202026 published. For a quarter century, equinox has helped customers stop fraud, mediate usage data and optimize revenues with solutions customized. 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. Amdocs revenue guard an industryleading risk assurance management recently won an award at the tmforum in nice for participating in the catalyst connected citizen. Telecom revenue assurance adapts to iot and mobile broadband. Revenue assurance for telecoms, iot, enterprises and. Revenue assurance is the application of a process or software solution that enables a communications service provider csp to accurately capture revenue for. Our experience suggests that the potential for overall revenue leakage can be in excess of 11%.