cVidya Networks Completes Implementation of Rating and Billing Verification at Swisscom Mobile
cVidya Networks, a global leader of telecom data integrity and revenue assurance systems, has successfully completed implementation of its MoneyMap®/Rating & Billing Verification solution at Swisscom Mobile. The implementation of this innovative and comprehensive rating and billing verification solution proves its effectiveness as a revenue assurance tool already today. This announcement also marks a new stage in the partnership between cVidya Networks and Swisscom Mobile for the advancement of revenue assurance practices and technology, and enables progress to the next phases of joint MoneyMap® implementation.
cVidya Networks began working with Swisscom Mobile in July 2006, and initiated its Rating and Billing Verification in September, reaching completion in three months. Swisscom Mobile’s revenue assurance team has been able to validate a significant number of bills, and will now continue to operate this automated system independently, and with additional rating plans.
“We are very pleased to report having harvested the first fruits of our partnership, now operating a state of the art rating and billing verification solution,†stated Stefan Michlig, Revenue Assurance Manager of Swisscom Mobile. “It helped us to push the confidence in revenue assurance to new levels and further consolidated our top- and bottom-line. The implementation proved to be truly seamless. We are looking forward to the upcoming expansion of innovative leading-edge revenue assurance solutions in new areas together with cVidya.â€
“We are proud that cVidya Networks has been able to launch and successfully implement the industry’s first rating and billing verification solution in such a short timeframe,” commented Alon Aginsky, CEO and co-founder of cVidya Networks. “We are especially pleased to see this achievement at a provider that already maintains an advanced and capable revenue assurance team, illustrating the need for such a solution among all major service providers.”
About Swisscom Mobile
With a market share of 64% of business in force, Swisscom Mobile is the market leader in the Swiss mobile communications sector. In fiscal year 2005 Swisscom Mobile generated net revenue of around CHF 4.2 billion and now has some 4.56 million NATEL subscribers.
Convergence is shaping the world of telecoms, with fixed, mobile and IT services merging and becoming accessible via PC, mobile phone and television sets. Swisscom is addressing this market trend. Swisscom Mobile furthermore consolidates its strategic goal of strengthening its activities in the value-added services sector, to become active in related business areas and thereby to capture new market segments.
Revenue assurance at Swisscom Mobile provides for a set of integrated strategies in order to manage the risk of revenue loss. It introduces multiple means to counter these risks and does not limit itself to specific areas of investigation.
About cVidya Networks
cVidya Networks is a global leader and innovative provider of telecom revenue assurance and data integrity products. cVidya’s suite of comprehensive revenue assurance solutions assists fixed, mobile, and triple-play communication service providers (CSPs) to continuously improve their bottom-line results. cVidya’s innovative and flexible product, MoneyMap®, provides a unified platform for implementing process-aware revenue assurance solutions, data integrity, risk management and rating & billing verification within legacy and new service environments, over all types of networks, OSS and BSS.
MoneyMap®’s solutions and cVidya’s highly skilled professional services teams have a proven track record of achieving rapid ROI with major operators, including Cable & Wireless, Telecom Italia, Colt and Bezeq.
cVidya has offices in EMEA, APAC and South America. cVidya received the Red Herring 100 Europe Award for 2006. For more information visit http://www.cvidya.com
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