Subex, a provider of Operations and Business Support Systems (OSS/BSS) for communications service providers, today announced that Romtelecom, Romania's largest fixed-line operator, has selected Subex Rocware solutions to form the core of a Revenue Operations Center (ROC).
Romtelecom's objective is to reduce the risk of financial loss from revenue leakage, fraud or bad debts. The ROC environment at Romtelecom will include Subex's Moneta Revenue Assurance Solution, Nikira Fraud Management Solution and the Prevea Risk Management Solution.
Anastasios Tzoulas, Chief Financial Officer, Romtelecom said, "We found Subex to be a knowledgeable partner who is ready to help us achieve this important risk management objective. The ROC will provide us with a centralized, integrated platform to maximize, control and secure our revenue chain."
Like a Network Operations Center (NOC) ensures the health of the network, a ROC ensures the integrity of a telco's revenue streams, processes and improves visibility of the financial impact of the enterprise's operations. The ROC at Romtelecom will provide advanced revenue and risk management capabilities as it combines revenue assurance, fraud management and risk management in one integrated framework.
Subex pioneered the concept of a ROC as a centralized collection of systems and processes correlating operational activities to the impacts on revenues, costs and, ultimately, profit. A ROC can enable an operator to adopt Operational Assurance, gaining better understanding and control over how operations support critical business goals.
Mark Nicholson, CTO, Subex said, "We are delighted that Romtelecom has selected Subex and the ROC. We are pleased to have this opportunity to assist Romtelecom in meeting its important revenue risk mitigation objectives."