NFV or network functions virtualization is a modern technology that allows bringing network services, which have previously relied exclusively on hardware, into the virtual space. This includes firewalls, routers, and more. If your company focuses on the use of NFV, having an optimal NFV billing system is highly important to automate numerous processes.
Network functions virtualization and how it works
NFV or network functions virtualization effectively replaces hardware with networking software, which makes it a suitable solution for many companies. Thanks to this up-to-date technology, virtual machines make it possible to perform the same networking steps without the use of standard hardware. The functions that can be performed in this way include firewall security, routing, load balancing, and more.
What are the reasons to use network functions virtualization?
NFV is associated with the reduced need for hardware, which is one of the main reasons so many telecom companies use this technology. As opposed to standard networking, the time needed for network components deployment is reduced significantly. What is more, the use of virtualized services means that companies can use less expensive servers and hardware.
At the moment, there are plenty of NFV billing solution options, so it has become even easier to implement this technology in your work. Some of the main reasons why companies choose NFV include such:
• Your company doesn’t need many appliances when using NFV. This leads to significantly lower operational costs.
• The reduced number of hardware means that you can have less spacious facilities to house all of the pieces of equipment. In such a way, this technology can save you a lot of money on rent.
• The scalability of the network architecture can be performed much easier and quicker.
• NFV offers a pay-as-you-go model that allows companies to avoid overpaying.
Saving time is a major advantage of NFV and it is something that attracts numerous service providers.
Purchasing hardware devices can be extremely expensive, especially for enterprises that have just started working. The virtual network that relies on NFV can run on a generic server, which makes it both less complicated and more affordable. The process of configuring and managing a virtualized network is also a lot easier. In such a way, NFV offers numerous advantages to companies working in different industries.
Why choose Hydra Billing?
What about NFV billing software? Hydra Billing is a versatile and extensive solution for Internet service providers and telecom companies. It offers subscription management, provisioning, billing, and a wide range of additional services. NFV billing is an important service provided by the company that ensures the automation of different billing steps. This includes collecting and managing customer data, processing payments, creating invoices, calculating rates, and more.
Hydra Billing provides such features to customers:
• A variety of marketing tools, including loyalty programs, bundle plans, and more
• Customizable invoices
• Postpaid and prepaid charging
• A wide range of payment methods to choose from
The platform is a budget-friendly solution that easily integrates with different technologies, including NFV.