Amdocs Launches Game-Changing Approach to Monetization and Customer Service Relationships
October 28 2019 - 5:00AM
Amdocs (NASDAQ: DOX), a leading provider of software and services
to communications and media companies, today launched RevenueONE,
which enables communications service providers (CSPs) to capture
every revenue opportunity of the digital economy. In a 5G
ecosystem, CSPs will be able to quickly launch their own, and
partner-based offerings, price plans and bundles, with a variety of
new one-time, subscription-based and alternative (loyalty, social
currency, ad-supported, etc.) payment models. This shift to
future-ready monetization will change CSPs’ customer service
relationships and foster innovative new service offers from smart
spaces, IoT and media to network slicing and edge
monetization.
Taking a new approach to billing, Amdocs RevenueONE
also shortens CSPs’ time to cash by decomposing mission-critical
charging, billing, payments, incentives and product-catalog
processes into DevOps-ready, cloud-native microservices, turning
batch billing processes into real-time functions. Amdocs RevenueONE
takes charging to the edge by leveraging distributed, 5G-ready
architecture that can be deployed on private datacenter
infrastructure with AWS Outposts or using Amazon Web Services (AWS)
public regions.
“With RevenueONE, Amdocs has redeveloped its
flagship, mission-critical, billing, charging, and catalog
solutions to be cloud-native and leverage the full benefits of the
cloud such as agility, elasticity, and cost optimization,” said
Doug Yeum, Head of Worldwide Channels and Alliances, Amazon Web
Services, Inc. “These benefits will be achieved by leveraging AWS
managed database service, Amazon Aurora, and managed Kubernetes
service, Amazon EKS, that provide the flexibility and scalability
needed to support the advanced monetization requirements in the 5G
era.”
“Amdocs RevenueONE brings together proven
scalability and cloud-native architecture to accelerate the launch
of new 5G services, while supporting existing products and offers.
At its core, the RevenueONE blueprint was built to scale, and was
proven to support 200 million subscribers on a single platform.
This robust architecture allows CSPs to handle the velocity of new
service launches, and the variety of new business models, that will
come with 5G, while cutting time to market from days to minutes,”
said Anthony Goonetilleke, Amdocs group president of Media, Network
and Technology. “Our goal was to continue to significantly reduce
our hardware footprint while scaling to support the influx of new
connected devices and services. Utilizing edge-based architecture
to reduce network traffic, we believe RevenueONE will grow with our
customers as consumers embrace new business models and
services.”
RevenueONE includes Amdocs’ industry-first 5G-ready
charging, that supports any new service in the 5G digital economy.
It also includes an open and agile catalog which ensures that
business users can create new products, offers and bundles in
minutes, using an intuitive graphical interface and pre-defined
pricing templates.
Supporting Resources
- Find out more about Amdocs RevenueONE
- Keep up with Amdocs news by visiting the company’s website
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About Amdocs
Amdocs is a leading software and services provider
to communications and media companies of all sizes, accelerating
the industry’s dynamic and continuous digital transformation. With
a rich set of innovative solutions, long-term business
relationships with 350 communications and media providers, and
technology and distribution ties to 600 content creators, Amdocs
delivers business improvements to drive growth. Amdocs and its
25,000 employees serve customers in over 85 countries. Listed on
the NASDAQ Global Select Market, Amdocs had revenue of $4.0 billion
in fiscal 2018. For more information, visit Amdocs
at www.amdocs.com.
Amdocs’ Forward-Looking
Statement
This press release includes information that
constitutes forward-looking statements made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of
1995, including statements about Amdocs’ growth and business
results in future quarters. Although we believe the expectations
reflected in such forward-looking statements are based upon
reasonable assumptions, we can give no assurance that our
expectations will be obtained or that any deviations will not be
material. Such statements involve risks and uncertainties that may
cause future results to differ from those anticipated. These risks
include, but are not limited to, the effects of general economic
conditions, Amdocs’ ability to grow in the business markets that it
serves, Amdocs’ ability to successfully integrate acquired
businesses, adverse effects of market competition, rapid
technological shifts that may render the Company's products and
services obsolete, potential loss of a major customer, our ability
to develop long-term relationships with our customers, and risks
associated with operating businesses in the international market.
Amdocs may elect to update these forward-looking statements at some
point in the future; however, the Company specifically disclaims
any obligation to do so. These and other risks are discussed at
greater length in the Company's filings with the Securities and
Exchange Commission, including in our Annual Report on Form 20-F
for the fiscal year ended September 30, 2018 filed on December 10,
2018 and our quarterly 6-K form furnished on February 19, May 28,
August 8 and August 19, 2019.
Media Contacts:
Nick BoultonAmdocs Public RelationsTel: +44 (0)7896
931 335E-mail: nicholas.boulton@amdocs.com
Paul CampbellBabel PR for AmdocsTel: +44 (0)20 7434
5552E-mail: paul@babelpr.com
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