Convergys' Record-Breaking Billing Solution to Support International GSM Standard.LONDON--(BUSINESS WIRE)--March 1, 1999--Convergys (SM) Corporation (NYSE NYSE See: New York Stock Exchange :CVG CVG Convergys Corp CVG Corporación Venezolana de Guayana CVG Clear Vertical Grain (woodworking) CVG Carrier Group CVG Corporacion Venezolana de Guyana CVG Comprehensive Video Group (South Hackensack, NJ, USA) ), the world leader in providing outsourced, integrated, customer care and billing for communications companies Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. , announced today at the GSM World Congress in Cannes, that its record-breaking information management solution will soon support the GSM international standard. Convergys recently reported that key components of the solution set a record by supporting the acquisition of two million new mobile subscribers during the fourth quarter, 1998. This new record reflects the exponential growth Extremely fast growth. On a chart, the line curves up rather than being straight. Contrast with linear. of the mobile industry. For example, the Strategis Groups expect the estimated 1998 year-end base of 114 million GSM subscribers in the world to easily surpass 356 million in 2003. Convergys information management solutions are currently supporting more than 30 percent of all wireless customers, and more than 60 percent of all PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. customers on an outsourced basis in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "Convergys will soon offer a GSM-compliant, client-server, mobile billing solution that is capable of supporting 10 million subscribers in a single relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. ," said Bob Marino, president of Convergys Information Management Group. "The client-server solution performs real-time rating allowing for world class customer care and a very cost effective approach to pre-pay. This capability enables our clients to generate additional revenues by extending service to untapped GSM customer segments." Convergys' client-server platform: -0-
-- Is scalable to handle the largest global GSM carriers'
requirements
-- Supports CDMA, TDMA, and AMPS and soon GSM
-- Supports best-in-class system availability, bill accuracy and
timeliness, as well as consistent sub-second response time
-- Offers support for multi-service bundling
-- Offers end-to-end customer care and billing
"The consumer market for mobile services is experiencing unprecedented expansion as well as pricing fragmentation as more carriers offer creative pricing plans and new services such as prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay ment n. billing," said Boyd Peterson, vice president of Consumer Market
Convergence with the 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. . "Convergys provides the
scalability providers will need in order to accommodate this enormous
growth without enduring expensive software conversions."
"Convergys information management solutions provide the accurate, reliable billing demanded by customers while supporting the change driven by GSM service offerings," said Marino. "Today, some of the world's best-known mobile providers, including the largest U.S. carriers, use Convergys as their billing and customer care partner. These providers trust Convergys solutions to help them meet current needs and the next generation of mobile offerings." "As the demand for mobile phones grows at an explosive pace, providers need to stay on top of a very dynamic market," said Kim Antonaccio, telecommunications industry analyst with Frost & Sullivan. "Convergys has played a major role in providing billing solutions for leading mobile carriers by building strategic partnerships to help them deal with this growth. In this way, Convergys has increased its revenues through its ability to develop software and systems capable of tackling the complexity of mobile billing even as the market evolves and expands." In addition to its leadership in mobile billing, Convergys is also the largest provider of outsourced customer management services in the world. By combining these two industry-leading strengths, Convergys delivers comprehensive, innovative information and customer management solutions that enable its clients to -0-
-- Acquire customers more cost-effectively
-- Provide a single point of billing and customer service for a
multitude of communications services
-- Delight customers thus enhancing retention and reducing churn
-- Implement growth strategies targeting new and existing customers
-- Lower their costs
-- Gain a competitive advantage
ABOUT CONVERGYS Convergys Corporation is the global leader in providing outsourced, integrated, customer care and billing services, bringing together world-class resources and expertise to help clients transform customer relationships into a competitive advantage. Convergys software produces more than one million bills each day, and Convergys call centres handle more than one million calls each day. Convergys serves the top companies in a wide range of industries, including communications, technology, cable and broadband services See broadband and broadband service provider. , consumer products, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , utilities, healthcare, hospitality, and direct response. Headquartered in Cincinnati, Ohio “Cincinnati” redirects here. For other uses, see Cincinnati (disambiguation). Cincinnati is a city in the U.S. state of Ohio and the county seat of Hamilton County. , Convergys employs over 30,000 people at its more than 30 call centres, data centres, and other offices in the United States, Canada, and Europe. Convergys (NYSE:CVG) is on the Web at www.convergys.com Convergys is pronounced: kun VER Ver personification; portrayed as infantile and tender. [Rom. Myth.: LLEI, I: 322] See : Spring jis Convergys and the Convergys logo are service marks of Convergys Corporation. |
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