back Back

Blue Label Telecoms selects RecVue to manage complexity in evolving partner channel

By Edlyn Cardoza

December 02, 2021

  • Billing Management Solution
  • Blue Label Telecoms
  • Order Lifecycle Management
Share

RecVue, Order Lifecycle Management, Order-to-Cash, USARecVue, provider of Order Lifecycle Management (OLM) solutions designed to modernize the complex order-to-cash (O2C) processes for enterprises, recently announced its billing management solution has been selected by Blue Label Telecoms to automate billing for its immensely complex, large and disparate partner channels. Headquartered in South Africa, Blue Label Telecoms is a leading specialist in digital products and the electronic distribution of virtual merchandise.

RecVue helps industry-leading companies solve complex billing, revenue and partner payment challenges through a unified and sophisticated SaaS platform, while offering extended solutions to meet the needs of rapidly growing businesses. Following a rigorous selection process, Blue Label Telecoms recognized that RecVue was the superior solution to address the inherent complexity in its business model, manage the large transaction volumes and support its evolution.

“Given its success with other customers processing large data volumes with complex billing requirements, it was clear to us that RecVue was the only logical solution,” said Johan Smith, Blue Label Telecoms Group Chief Technology and Information Officer.

“We are excited to begin working with RecVue, as we look to further our global reach and strengthen our platform business models with this best-of-breed order-to-cash solution, which can manage and simplify our core business’s complex billing processes encompassing our wide network of partners,” Smith added.

In the long run, Blue Label will benefit from a huge reduction in operational and transactional costs, furthermore reducing complexity in billing and commission logic held within its legacy systems. The RecVue solution will also help foster Blue Label’s ability to develop new revenue streams.

Legacy systems were not designed to handle today’s billing needs, yet still form the backbone of many enterprises. They are often responsible for holding organizations back from leveraging new digital technologies and creating new experiences for their customers, stakeholders and partners, including addressing customer requests for flexibility in how and when they pay and use products and services.

“Our collaboration with Blue Label Telecoms demonstrates how we can serve the growing needs of the telecommunications industry, by streamlining and solving their complex usage-billing and partner collaboration,” said Nishant Nair, RecVue CEO.

“In addition, it reiterates RecVue’s capability to offer billing solutions to organizations with a large network of thousands of merchants – ranging from local merchants to retailers and banks. We provide the only global SaaS solution with the capability to replace custom legacy systems and provide the necessary flexibility and scalability to manage billing and partner compensation.”

Previous Article

December 02, 2021

Mastercard, Samhita-CGF, Mswipe and USAID join forces to digitise micro-merchants

Read More
Next Article

December 02, 2021

Mollie announces the launch of the Mollie Acceleration Fund

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

Billing Management Solution

GCC banks bolster Cybersecurity measures to combat email fraud

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Cashflows partners with National Association of Funeral Directors

Read More

Today

Ant International set to create digital business centre in Malaysia

Read More

Today

Opn appoints Vaden Landers as President and CEO of MerchantE

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023