Telecom billing is the process of gathering and grouping telecommunication service or product usage information for specific accounts or customers, producing and sending invoices, and recording (posting) payments made to customer accounts.

The complexity related to mobile device technologies and pricing plans offered by telecom service providers ultimately paved the way for the development of effective and robust telecom billing systems.

Telecom billing industry has been experiencing tremendous growth for some time now. However, this growth comes with some challenges. The best part is: many of these challenges can be easily solved by a telecom billing software. During the previous few years that the billing system has received significance equivalent to other aspects of the telecom sector.

The complication associated with mobile device technology and pricing has also provided the way for a vigorous system to meet the needs of the current technology era. The billing process is a complex one and must be done in an accurate manner that’s why every telecom company must understand the significance of high accuracy in the entire billing process. Remember an error that can occur within a minute can adversely affect the company financially.

Telecom billing software is the group of processes of communications service providers that are responsible to collect consumption data, calculate charging and billing information, produce bills to customers, process their payments and manage debt collection.