The service can be selected on a fully outsourced basis or customers can license the Nextgen platform on an Application Service Provider (ASP) basis if maintaining operational control is an important requirement.
Drawing on vast industry experience, Nextgen has developed a totally new platform providing fully auditable settlement, determining the net cash requirement and transacting foreign exchange to effect payments in the currency of the receiving operator. A straight-through reconciliation procedure ensures that settlement is made effectively with minimum burden on the operator, reducing both administration and transaction costs.
Whichever option you select, the Nextgen System delivers carrier-grade and banking-grade reliability and resilience, and includes:
- Our highly innovative and logical web-based Application Service Platform
- An intuitive User Interface with level of access and functionality determined by permissions granted according to the profile of the user
- A strict control environment which embodies best industry practice for performing all financial clearing tasks
- Design concepts resulting from thorough research into operator requirements, made real by the Nextgen Team’s extensive experience
- Full conformance to GSMA Standards and Guidelines
- Compliance with Sarbanes Oxley requirements
- Stability and reliability proved by the most rigorous test procedures
The Nextgen end-to-end service for Financial Clearing and Settlement has the following key components. These are the major Nextgen System Modules which are available should an operator wish to keep control in-house of elements of the financial clearing process.
- Manage Receivables, including the creation of accurate and timely invoices (and Credit Notes where justified).
- Manage Revenue and Debt Collection, combining well-managed collections with pro-active debt management performed by a team with a proven track record of success.
- Manage Payments, using a highly integrated interface with the bank to ensure timely payment, and the best rates and least cost of banking. Where exceptions occur, our Credit Note Application and Debit Note processes ensure optimal resolution.
- Manage Reporting that is compatible with internal accounting standards both locally and at group level where required.
- Manage Roaming Partner Information and relationships, especially important now that the world is more complex with many IOT discounting schemes.
Our aim is to provide a service and platform to mobile operators that are transparent and efficient.
Our philosophy is to be open and honest and through that to build long standing relationships with our customers.