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IoT Billing

SURE! Solution for IoT Billing

The evolution of Internet of Things has rapidly transformed the world of communications by not only enabling devices interact with humans but also with other devices and the external environment.

This revolution in the IT world is creating new experiences, changing lives and creating impact on businesses by engulfing almost every field which includes transportation, agriculture, insurance, healthcare, retail, manufacturing and many more.

Gartner predicts that there will be 26 billion connected devices by 2020. This innovative and burgeoning Internet of Things technology has enabled vendors trot out new products and applications to address specific requirements across verticals which include Fleet Management, Health Monitoring, Smart Grid Applications, Soil Monitoring, Smart Payments and others.

These applications not only generate value to businesses and customers but also enable monetize these services. It is also said that IoT product and service suppliers will generate incremental revenue exceeding $300 bn mostly in services in 2020, by Gartner.

The evolving sophistication in the Internet of Things world provides a major opportunity for service providers to capture new business models, generate new revenue streams and develop new pricing strategies.

As these services scale up, service providers need to address their business challenges for better monetization, increased ARPU, ease of managing complex pricing plans which supports bundling of services. To succeed in the IoT market, you need a billing solution which is not only flexible but also agile in order to handle ever evolving complex business models. You need a system that is scalable to growing markets and can offer new deals, bundled services and a real time usage based pricing and charging models to keep up the pace with the fast growing IoT technology.

SURE! IoT billing solution is a cloud based Billing and CRM platform designed specifially for IoT service and platform providers. It equips organizations with

  • Improve monetization : A flexible system able to manage all IoT monetization techniques ranging from complex bundling of services to
  • Seamless, easy and faster customer onboarding : Full featured system that supports the automation of complete customer life cycle right from onboarding to ensuring best in class support and for reducing operational costs.
  • Scalable solution : Able to manage growing  customer base, supports high volumes of billing and multiple applications while preventing revenue leakages.
  • Partner and Channel Management Partner Management A powerful partner management solution that ensures complex partner billing and revenue settlements.
  • Subscriber Retention
  • Analytics An end to end customer management and maintenance to ensure customer retention and deliver delight.

Business Benefits:

  • Strengthens your competitiveness by quickly developing new packaging and pricing models that are specific to your customer preferences.
  • Flexibility and efficiency to meet market demands
  • Reduced time to market
  • Reduced operational costs and revenue leakages
  • Real time service enablement
  • Enhanced customer experience and maximized ARPU
  • Future proof solution for evolving complex business models
  • Lowest TCO
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