How Service Provider Can Gain 10% More Revenue?

Established Service providers are often missing up to 10% of their recurring services revenue before applying intelligent billing automation.

What Is the Revenue Growth Opportunity?

 Top two reasons to look for intelligent pricing and billing automation are:

1. Uncovering up to 10% of missing revenue
2. New scalable business models enable revenue growth

See infograph in the end of the post!

Digitalizing - Lean and Accurate 

Behold! To gain 10% there is no need to sell more. No need to beat the competition. Just bill all that has already been sold and activated.

Service providers are often missing up to 10% of revenue before applying intelligent billing automation. The reasons for leaked revenue can be categorized in two main sources:

1. There are often gaps in the manual process steps in managing pricing, pricing exceptions and billing exceptions, in consolidating and validating usage/activity data and in change management.
2. Current billing data handling processes are mostly based on a monthly snapshot instead of recording accurate usage data throughout the billing cycle. Service contracts would often allow to bill more than unautomated systems and processes enable.

Intelligent service billing automation fixes both sources of missing revenue: manual process gaps are eliminated and usage data is recorded and stored at a right frequency.

Up to 10% more revenue can be collected by applying billing automation which can meticulously bill all provided services.

More Service Providers Emerging! Go Modern Systems!

XaaS (Anything/Everything as a Service) business models are growing. ICT industry has been in the forefront developing service business models. IoT (Internet of Things) and digitalization are creating new opportunities in most industries. A growing number of product sale businesses are transforming into a service provider business as we speak.

The emerging service providers also need systems to support with configuring, simulating and launching new business models, in providing service support, in subscription management and in automating service billing.

I strongly encourage emerging service providers to make sure they not only arrange support for the operational processes, but also look for a modern and scalable service monetization platform right from the start!

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Our established customers have discovered 10% more revenue applying intelligent billing automation.

Emerging service providers are building for scalability and flexibility right from the start with Good Sign Solution.

Check out our infographic presenting major business benefits of intelligent billing automation!