COS Business Engine Automated Billing
In COS Business Engine, the automated billing system streamlines invoicing and payments for both traditional ISP and open-access networks. When a customer buys a service in the Marketplace, provisioning and billing are triggered automatically. The platform integrates with Stripe to support credit card and ACH payments, and customers can review invoices, manage payment methods, and handle support directly in the customer portal. For open-access models, COS Business Engine produces wholesale billing specifications based on actual orders and activation dates, reducing manual work and billing disputes. The system is configurable for multiple business models (single-provider, wholesale, open access), and the admin provides real-time visibility through Invoices and Reports.
Operational visibility: Admins get a real-time view of the network, plus invoice data and reporting for wholesale costs directly in the system.
Overall, COS Business Engine reduces admin work, improves accuracy, and scales operations by automating critical financial workflows.
and efficiency. Here’s how it works:
- Fully Automated Transactions: Once a customer signs up for a service via the Network Marketplace or any integrated platform, the billing process is triggered automatically. This includes everything from service activation to payment processing, ensuring that all charges are accurate and timely.
- Integration with Payment Platforms: The system integrates with payment platforms such as Stripe, enabling automatic processing of credit card and ACH (Automated Clearing House) payments. Customers can manage their billing preferences directly through My Pages, where they can review invoices, manage payment methods, and track their service usage.
- Wholesale Billing for Open Access Networks: In open access models, COS Business Engine calculates and processes wholesale fees between network operators and service providers. The platform generates detailed billing specifications for each service provider based on orders and activation dates, eliminating manual intervention and reducing the risk of billing disputes.
- Customizable for Different Business Models: The billing system is flexible enough to handle various business models, from single-provider networks to open access or wholesale networks. Operators can configure different pricing structures, service plans, and customer categories, all of which are automatically reflected in the billing process.
- Real-Time Billing Insights: The platform provides real-time insights into billing transactions, enabling operators and service providers to track revenue, monitor payment statuses, and generate reports on demand.
Overall, COS Business Engine’s automated billing reduces administrative overhead, enhances accuracy, and supports scalability by automating critical financial operations.
