Connexn Technologies Extends Its Cost and Revenue Assurance Solutions with Usage and Rating Capabilities.Business Editors/High-Tech Writers Billing World 2003, Booth #633 MIAMI BEACH Miami Beach, city (1990 pop. 92,639), Dade co., SE Fla., on an island between Biscayne Bay and the Atlantic Ocean; inc. 1915. It is connected to Miami by four causeways. , Fla.--(BUSINESS WIRE)--June 24, 2003 New Capabilities Strengthen Connexn's Proven and Comprehensive Cost and Revenue Assurance Solutions -- Helps Drive New Customer Sales Connexn Technologies, the industry leader in technology-based Cost and Revenue Assurance (CRA See Community Reinvestment Act. ) solutions for communications service providers A Communications Service Provider or CSP is a company that transports information electronically. The term encompasses public and private companies in the wireline, wireless, Internet, cable, satellite, and managed services businesses. (CSPs), today announced the availability of its Usage Data and Rating applications. The new software applications allow CSPs to minimize cost and revenue leakage LEAKAGE. The waste which has taken place in liquids, by their escaping out of the casks or vessels in which they were kept. By the act of March 2, 1799, s. 59, 1 Story's L. U. S, 625, it is provided that there be an allowance of two per cent for leakage, on the quantity which shall appear associated with usage-sensitive products, a major part of their revenue stream. The applications ensure the integrity of the usage data records from network element generation through the mediation, rating, billing and invoicing processes. The Usage Data and Rating applications represent a major enhancement to The Connexn(TM) Solutions Framework and, combined with Connexn's proven CRA methodology and extensive domain expertise, positions Connexn's CRA offering as the most advanced and comprehensive solution available today. "Our commitment and drive are clear and focused -- to set the industry standard for complete Cost and Revenue Assurance solutions that help our customers improve the efficiency of their business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets and recover as much revenue as possible," said Charles Crenshaw cren·shaw also cran·shaw n. A variety of winter melon (Cucumis melo var. inodorus) having a greenish-yellow rind and sweet, usually salmon-pink flesh. [Origin unknown.] , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. for Connexn Technologies. "With the addition of Usage Data and Rating applications, we have broadened our capabilities to address CRA market needs on an enterprise-wide basis and customers have responded very favorably fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. to our offering. More than half of our new customer engagements include usage data and rating CRA initiatives (see today's news release -- "Connexn Technologies Finds Telco 'Sweet Spot,' Signs Eight New Customers"). Connexn's unique blend of technology, methodology and domain expertise reduces cost and revenue leakage at its source by ensuring data integrity within the CSP (1) (Certified Systems Professional) An earlier award for successful completion of an ICCP examination in systems development. See ICCP. (2) (Commerce Service P enterprise. Connexn's holistic Detect, Correct, Ensure(TM) approach to CRA leverages automation to quickly and cost effectively identify, rectify rec·ti·fy v. 1. To set right; correct. 2. To refine or purify, especially by distillation. and prevent errors in operational and usage data that result in revenue loss and unnecessary costs. This approach has enabled the company to deliver measurable and sustainable revenue increases and cost reductions to more than 70 customers worldwide, including some of the industry's largest CSPs. "Recent signs of a recovery in the telecom industry suggest that efforts to improve operational efficiencies are succeeding even as revenue growth remains flat. CRA initiatives that automatically restore data integrity to CSP operations will accelerate this trend," said Sanjay Maweda, director of telecom software strategies at Yankee Group (the Yankee Group, Boston, MA, www.yankeegroup.com) A major market research, analysis and consulting firm founded in 1970 by Howard Anderson. It provides general consulting and strategic planning in the computer and communications field. . "With the addition of these new usage data and rating assurance capabilities, Connexn Technologies is addressing the need for CRA solutions that ensure data integrity across multiple domains, substantially improving the financial performance of CSPs and helping stimulate the industry's turn-around." Breadth of Features, Flexibility and Scalability Connexn's new Usage Data and Rating applications address some of the most critical areas of cost and revenue leakage for CSPs, including customer care services due to inaccurate billing of retail customers, and reconciliation of Interconnect or roaming charges between CSPs. In addition, the application helps correct under-billing of national and international toll, premium rate, third-party billing and toll-free calls, and provides an accurate representation and reconciliation of pre-paid platform and third-party content usage. Connexn's Usage Data and Rating applications seamlessly source data from various points in the usage data stream, including raw event records from network elements, and output from the mediation, rating, billing and invoicing systems. The software then analyzes these usage records to ensure the integrity of recorded data and that all usage data records accurately flow to customer invoices. The new capabilities allow CSPs to independently rate the usage records to validate rate plans, tariff structures and pricing models, and ensure the accuracy of the value assigned and presented in the rating, billing and invoicing systems. Connexn's Usage Data and Rating applications support wireline, wireless, broadband, IP and cable operations and usage detail records of all types, including those generated by SS7 probes SS7 Probe is a physical device to obtain signalling and/or bearer information from a telecommunications network, such as a corporate telephone system. The probe passively monitors the E1/T1 or SDH/SONET bearers, and extracts the signalling information for onward presentation to a . About Connexn Technologies Based in Westminster, Colo., and with offices in the U.K. and Singapore, Connexn Technologies provides communications service providers in the wireline, wireless, Internet, broadband, data and cable markets with the industry's most comprehensive set of cost and revenue assurance solutions. The company's blend of technology and services help increase revenues, decrease costs and improve margins. With more than 70 global customers that include AT&T, Qwest, KPN KPN Koninklijke PTT Nederland (Royal Dutch Telecom) KPN Konfederacja Polski Niepodleglej (Polish conservative party) , Comcast, Citizens, BT and Orange, Connexn Technologies is privately held and backed by leading venture firms. For more information, please visit www.cnnxn.com. |
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