ZIRA and Saudi Telecom Company win Global Telecoms Business Innovation Award

26 May 2016 (London, England) – ZIRA, a leading vendor of BSS software and solutions, is pleased to announce today that, along with Saudi Telecom Company (stc), they have won the prominent Telecom Innovation Award for wholesale service innovation. Awarded by Global Telecoms Business, a leading telecoms publication, the award honors the most innovative projects that are addressing current market needs and showcasing results valuable for the global telecommunication industry.

ZIRA and stc were recognized for their collaborative deployment of an innovative wholesale solution that goes beyond the traditional approach to the settlement process and unifies Business, Finance and IT teams with one platform, improving enterprise-wide cooperation and awareness. By providing full coverage of the settlement process until invoice closure, ZIRA’s next-generation technology automated all previous manual processes such as invoice verification, dispute resolution, settlement generation, collection, and payment handling. With this approach, stc is able to secure revenue, improve operational and financial visibility, and ensure readiness for the digital ecosystem.

“We are pleased with the prestigious recognition from Global Telecoms Business for ZIRA Wholesale Business Revenue Management. Together with our esteemed customer, stc, we have shown that ZIRA WBRM fully meets the needs of a leading telecom operator with a very sizable and heterogeneous wholesale partner network and addresses even the most complex market challenges,” says Alen Muslić, VP Product Management at ZIRA. “Continuing globalization brings forward many opportunities for the telecommunications industry. ZIRA WBRM is a future-proof solution that enables carriers and telecos to drive digital ecosystems, capture new revenue streams within the growing wholesale marketplace, and increase efficiency and performance visibility to support diversified revenue share and growth.”

The Global Telecoms Business awards were presented to winners at a black-tie dinner in London last night. The telecom industries’ top executives attended to recognize global industry leaders and the impact of innovative projects in moving the industry forward.