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An expense and cost recovery system (ECRS) is a specialized subset of "extract, transform, load" (ETL) functioning as a powerful and flexible set of applications, including programs, scripts and databases designed to improve the cash flow of businesses and organizations by automating the movement of data between cost recovery systems, electronic billing from vendors, and accounting systems.
Term convergent billing system refers to such a solution, that could maintain single customer account and produce a single bill for all services (for example, it could be public switched telephone network, cable TV and cable internet services for one customer) and also do it regardless a payment method (prepaid or postpaid).
Generally individual calls are rated and then the rated amounts are sent to a billing system to provide a bill to the subscriber. Often the rating system will be a module of a larger "Billing System" architecture. A rating system must be adapted to the constantly changing pricing policies, which have the strategic goal of stimulating demand. [2]
Submeters can measure use of a single panel, or multiple points within a panel system using single-point, multi-point, and branch circuit submeters. [9] The latest [clarification needed] trend in submetering is Automatic Meter Reading, or AMR. This technology is used to get from meter reading to billing by an automated electronic means.
An example would be of a public utility company offering this payment service to its consumers. [3] A market has emerged for outsourced billing providers who specialize in electronic billing processes and technology for companies that need to send bills directly to their customers. [4]
An example layout of an X12 834 Version 005010 file is shown below. Each line starts with a code to identify the type of data that follows, with individual pieces of data separated by an asterisk. The tilde indicates the end of that section.
Characteristics attributed to a convergent charging & billing system include support for multiple service types such as voice, data, multimedia and content, [1] support for bundling of services [6] and the ability to create a single bill and statement for all communications services including fixed, mobile, broadband and TV.
Billing mediation platforms get their name from their behavior: they "mediate" data between systems. In a typical telephone company scenario, the systems providing data to the mediation platform are network elements, such as telephone switches, and the systems receiving data from the mediation platform perform accounting, auditing, archiving, or bill-generation functions.
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