You’ve likely heard of car sharing and have an understanding of what it is, but perhaps we can fill you in on some details. A lot of people mistake car sharing for car rentals, which is not wrong, but also not exact. Car sharing is a type of car rentals, but unlike rental customers, sharing…
The subscription business model has been around for longer than most people might realize. Remember the old days when people had milk delivered to their door? That could be called a subscription service or subscription business model . You subscribed to have the milkman deliver milk directly to your door in return for payment. You’d…
Competition between companies has become much fiercer in the digital era. It’s not something anyone can – and should – get involved with. If you’ve been in business for a long time now, such as over 20 years, then you have to be extra careful of the industry “disruptors”. Some of the biggest companies in…
Will the pay-as-you-go pricing model be the next big trend to hit major industries? As a subscription, media, communication, and IoT service provider, you must stay connected with industry trends and standards to remain relevant. Therefore, we have decided to analyze the consumption-based pricing model and what it would require to transit into a usage-based…
Subscription-based billing is considered to be a simple and effective pricing strategy, and there are a lot of advantages to using it. With that said, many businesses are opening their eyes to the more complex but also more flexible and creative, pricing package option, consumption-based billing. Consumption-based billing isn’t as popular as other kinds of…
With populations rising and more people relying on the city services they can access, smart cities are being developed and rolled out across the world to make the most out of limited resources that are only getting more expensive. These smart cities are developed with several goals in mind. These goals are built on a…
When dealing with payments and payment types, a company needs to evaluate its services and customer base to find optimal payment solutions. Payment solutions must fit the company’s use-case and can make life easier for customers. Some customers also prefer certain payment types over the other, either due to simplicity or cautiousness. Depending on when…
In the quest to become acclaimed “smart cities,” municipalities globally are starting to employ several digital services. These services will accrue them flexible pricing models with an end to boosting revenue generation. Cities are beginning to implement smart pricing for Highway and bridge tolls, Education, Wi-Fi, Parking for commercial and consumer fleets, e-waste, and Recycling.…
We decided to share with you lessons learned, which we gain by migrating from Oracle BRM 7.5 to Oracle BRM 12 cloud-native charging and revenue management for digital and communications business for one of our telecom company. First of all, why we did upgrade the Oracle BRM billing system? There are mainly two reasons why we decided…
When designing a billing and rating solution, there is a crucial step at the end of the quote-order-to-cash process. After rating usage events and purchases and issuing bills to the customers, the next step is processing payments. This step usually happens with the help of payment gateway providers, allowing processing payment methods and collection through…
