MACH’s Financial Clearing and Settlement Solution to Drive Operational Efficiencies for Rostelecom-Ural (trademark Utel)
MACH’s solution frees resources of cellular operator and allows it to concentrate on core revenue-generating activities
MACH, the leading provider of hub-based mobile communication solutions, today announced that Rostelecom-Ural, a subdivision of OJSC Rostelecom, Russia, is set to benefit from deploying its financial clearing and settlement services. By outsourcing key business functions, including invoicing, settlement and reconciliation to MACH, the cellular operator benefits from optimised cash flow, reduced expenses and accelerated financial clearing and settlement for its roaming business. This reduces the complexity within its business and frees up resources, allowing it to concentrate on core revenue-generating activities.
Evgeniy Aksenov, Head of Roaming Division of the Department of Interconnection with communication operators at Rostelecom, commented: ”We have had a working relationship with MACH since 1999 and have always been impressed by the company’s high service levels and commitment to delivering a real partnership. When we looked to outsource the financial clearing and settlement functions of Rostelecom-Ural, it therefore seemed natural to turn to MACH. We fully expect to see the expenses involved in maintaining the financial clearing and settlement of Rostelecom-Ural to be reduced rapidly, while we will be able to reallocate staff from this back-office function to more strategic, revenue-generating activities within the company.”
Artur Michalczyk, Chief Product Officer, MACH explains: ”Rostelecom-Ural already uses MACH for data clearing and SMS/MMS hubbing. With the addition of our financial clearing and settlement support, the operator will be freed of a major administrative burden, while benefitting from optimised cash flow and reduced exposure to bad debt. Rostelecom-Ural is one of the first operators in Russia to outsource financial clearing and settlement and we are confident that due to the large number of benefits this approach enables, they will not be the last.”
Providing complete CDR-to-cash management, MACH’s Financial Clearing and Settlement Solutioncombines rating and tariff management, billing interoperability and transaction management, as well as advanced reporting and business intelligence. MACH is recognised as the world leader in financial clearing and settlement. With more than 65% market share in the GSM roaming world, it settles more than $10 billion annually between operators, the majority of all inter-operator roaming liabilities. MACH is unique in the market in offering one encompassing settlement solution for roaming, SMS interworking and mobile application and content transactions, providing operators with maximum control and visibility of the entire process.
About Rostelecom – Ural
The Ural Macroregional Branch of OJSC Rostelecom (Rostelecom-Ural) is a subdivision of OJSC Rostelecom, with network coverage in the territory of Ural Federal District and Permskiy Krai of Russia.Rostelecom-Ural provides telephony, data, TV and value-added solutions under the trademark Utel.
OJSC Rostelecom (www.rt.ru/en) is Russia’s biggest national telecommunications operator with the largest domestic backbone network (approximately 500 thousand km) and last mile connections to approximately 35 million households in Russia. The Company holds licences to provide a wide range of telecommunications services across all regions of the Russian Federation. As a result the company has more than 100 million subscribers in Russia.
MACH connects and monetizes the telecom world. It provides its 650 operator customers with roaming, interconnect, messaging, and direct billing solutions, all integrated with its $10bn / year operator settlement capability. It is the largest provider of data and financial clearing solutions for wireless roaming and operates the globe’s largest and fastest growing open connectivity roaming hub, Link2One. It inserts the operator in the content and application value chain and serves the reseller and wholesaler community with its A2P messaging solutions. Headquartered in Luxembourg, MACH has offices in 12 countries and employs more than 1,000 people worldwide. Its customers include Orange, Telefonica, T-Mobile, Telus, Verizon Wireless and Microsoft, as well as enterprise messaging customers like KLM. For more information, visit www.mach.com.