An IoT Billing System has little in common with conventional Billing Systems used in the telecom industry. Obviously, Data, SMS and Voice costs are charged here as well, but the fundamentals of the IoT Business Models are very different.
In the classic retail domain, individual subscriptions are billed. In the IoT domain, flexible pools or static pools are sold. Postpaid or prepaid variants are combined and complex zone models are built.
In contrast to the classic connectivity retail market, in which individual subscriptions are billed based on their individual usage and tariff, the B2B IoT connectivity market uses pools to share the included usage of all subscriptions assigned to the same tariff. This is a great benefit for the customer, as usage tends to vary in an IoT deployment – the under-usage of some devices can compensate the over-usage of others. Matching your or your customer’s business model with the right pricing model can be the essence of a lasting and productive relationship, that has a low cost to serve. The MAVOCO Connectivity Management Platform offers a large range of possibilities to enable different pricing models to be used at the same time, ensuring maximum flexibility and scalability.

 

The MAVOCO IoT Connectivity Billing Software is one of the most modern billing solutions on the market.The most important functionalities that are available out of the box are:

  •  Distributed architecture (Global Rating Grid)
    • High scalability (Global Rating Grid)
    • B2B, B2C, B2B2B, B2B2C billing models
    • Product catalogue
    • Postpaid services
    • Prepaid (B2B) services
    • Wallet-based prepaid (B2C) services
    • 5G rating models
    • Billing based on price lists
    • Zone-based billing
    • Event-based billing
    • Individual rate plans
    • Flexible pools
    • Static pools
    • Stacked pools
    • Adaptive pools
    • Tiered pricing
    • Auto renewal
    • Top-off price plans
    • One-time billing
    • Any change in the price plans anytime
    • Any change in the subscription properties anytime
    • Multi subscription
    • Shared connectivity/ split billing
    • Any tax profile
    • Accounting groups
    • Up to 21 bill runs per month
    • Single invoice bill runs
    • Single invoice adjustments
    • Various invoice templates
    • Dashboard & report functions

 

Enterprise Billing (B2B2B)

The products that most IoT Service Providers offer is Hardware Packages, Software-as-a-Service (SaaS) and Connectivity. Finding a suitable billing model for the end customer is often challenging.

On the one hand, Hardware, Software and Connectivity are only the enablers of the solution and cannot be used exclusively as a basis for billing. On the other hand, the provider would like to offset his costs and get a fair price.

MAVOCO has been dealing with B2B2B or B2B2C billing for years and has developed or adapted many components of the Connectivity Platform for Enterprise Billing.

One of the billing features is that a SIM card can be charged multiple times. The Network Operator charges his customer first and then the Network Operator’s customer charges the end customer.

To better illustrate this, here’s an example: A company has a network of air quality measuring stations in a large city. It consists of hundreds of sensors that send the measurement data to a control center via 4G modems. The customer can subscribe to individual, multiple or all sensors. He can also choose the frequency of the measurements. The more sensors he selects and the more often these measured values ​​are delivered, the more expensive the service is. The costs for the data transfer are not shown and are charged separately here. It means that we do not calculate MB or GB of data, but the sensor measurements.

The MAVOCO Enterprise Billing Feature is an add-on to the Connectivity Management Platform. This add-on enables the Operator’s customers to manage their own end customers, assign SIM cards and devices to end customers and set prices for their use.

Price plans can be generated for hardware, software, services of all kinds, telecommunication consumption and events that send IoT sensors or smart meters. The price plans are completely decoupled from the Network Operator’s price plans.

All data is encrypted and can only be used by the owner. The Enterprise Billing module supports multiple currencies and tax rates. Interfaces for the import of data from CRM systems are available as well as interfaces that guarantee the transfer of invoices to accounting systems.

Split Billing for Mobility Services, shared SIM connectivity for the Automotive Industry – the next generation Split Billing Solution.

Connected cars and connected transport systems are becoming more and more widespread in the Automotive Industry. Built-in multimedia and Connectivity Platforms that enable the use of various applications make connectivity to other digital services and devices possible. In most cases, this connectivity is already an integral part of the digital services, the user is not charged for it separately. Installing separate hardware for each service is outdated and access to these services is often denied.

Android and Apple devices are good examples of how to overcome such complications. As soon as a user registers for a service, the service will be ready-to-use immediately. If a hardware had to be installed every time the user would like to listen to music, the music streaming market would be a fraction of what it is today.

This is exactly where the approach of the MAVOCO Split Billing Innovation based on our SIM Twin Technology and our Advanced Rating Filter Technology lies.

The SIM Twin Technology enables the distribution of connectivity of a single SIM card to several virtual ones. The rules of the division are enabled by our Advanced Rating Filter Technology. Various aspects can be incorporated into the filter definition and can be combined as required.

Examples of these aspects include IP addresses, domain addresses, APNs, regions, countries, networks, time or network technologies.
The SIM Twin Technology also allows different payment types for the individual applications.
Postpaid, prepaid and digital wallet services as well as redirection to an existing contract with a Network Operator. As an example, a car manufacturer can have a postpaid pool contract for all the SIM cards in the region, but the wireless network connection in the car is billed by credit card.

The right software to empower your business

In case you want to know more or you have questions regarding our Enterprise Portal software solution you can easily get in touch with our sales engineers or just send us your RFQ.

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