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Processing very large volumes of customer usage for billing

Credit processing companies provide credit checks and reporting on consumers to customers who offer large dollar assets for sale. Credit checks could be for home mortgages, loans, automobile purchases, appliances or a range of home infrastructure assets such as heating, cooling, battery storage and solar panels.

Challenge

The very large volume of transactions being fielded and responded on a daily basis need to be managed quickly and accurately. Credit processing customers require a process and system that does not need a lot of manual intervention. Moreover, customers need aggregated reports and consumption information that can be validated quickly.

Omniware Approach

Dynamics Billing offers unique features to capture, assess and bill for usage transactions.  Dynamics Billing can capture transactions via IoT messages, from network based devices, or  file transfers from operational systems. Dynamics Billing will then compare the transaction  against the appropriate price plan for that customer per contractual commitments. Invoices are produced that identify services consumed for each of a customer's location and charges aggregated for location, region or according to the customer's required hierarchy.

Benefits

• Accurately capture usage of services and bill for charges as per contract

• Clients of credit processing services can assess their usage of services on a consolidated report

• Assess end-customer behaviour and engage clients during billing to offer new services or enrol in new programs

• Offer clients management  information to allow them control over their consumption of your services to better engage them in your services.