Telecom billing is a process for obtaining valuable information, adding necessary fees, and ultimately producing client invoices. Payments that are collected from clients are received and recorded during this process. The telecommunications billing software aids in client money collection; hence it is typically regarded as accounts receivable.
An online charging system (OCS) that connects to a telecom billing platform adds a real-time fee to each transaction. Any time a device interacts with the communications network, an OCS records and keeps track of that interaction as a Call Data Record, depending on the type of interaction—for example, call minutes or data use.
Read more: https://www.ossbilling.net/blog/features-and-benefits-of-telecommunications-billing-software/
