Given the requirements of modern-day telecom industry, an online charging system is extremely important. By charging events and sessions on real-time basis, it allows for completely convergent billing. Telcos are able to create detailed and bifurcated invoices that reflect all the charges of every service used by subscribers. Considering the evolution of new and more complicated technologies like IoT and 5G, there is a need for better billing solutions. Our modern IoT billing solution is perfect for tracking data usage and billing subscribers accurately. Not only that, it enforces credit limits rigorously and prevents customers from exceeding their allocated quota.
Source : https://www.onlinechargingsystem.com/blog/warning-signs-of-impractical-billing-solutions/