In addition, the system is built to support charging for enterprise businesses, governments and business-to-business to any number of end-users use cases with that often have complex hierarchies, such as charging across multiple departments or pay structures. This allows service providers to create personalised offers, plans, bundles, and subscriptions for any mobile or IoT-enabled device. The solution also supports any payment type and can rate and charge for any attribute or metric, such as bandwidth or data volume. "To capitalise on new opportunities, service providers will need a next-generation monetisation solution that can scale, operate in real-time, and provide flexible pricing models." "5G will significantly transform operations, services, business models and industries," said Chantel Cary, senior analyst, Omdia. This enables the system to operate at high performance and speed by collocating data with the rating and balance management processing in one centralised location. Specifically, the Converged Charging System provides real-time transaction processing using Oracle Coherence, a memory data grid technology. Using Oracle’s Converged Charging System service providers can charge users in real-time for rich 5G communication, ranging from charging for VR cloud gaming to a video health check. It comes as communications service providers continue to quickly deploy 5G services and need to be able to accurately authorise and respond to charging requests in milliseconds.
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