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Subex rebrands cost assurance solution

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CIOL Bureau
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BANGALORE, INDIA: Subex Limited, a provider of operations and business support systems (OSS/BSS) services, announced today that it has re-branded its erstwhile Cost Assurance solution, targeted at communication service providers, to help them protect and enhance margins by effective cost assurance measures.

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The solution is now called Lucreta.

“The name Lucreta is derived from the Latin word ‘Lucror’ which means to gain profit or win. This is a fitting name for the solution as it helps service providers to recover excess payouts that could result from over payment to partners and overpricing by suppliers, thereby making their investments more ‘lucrative’. The name is in-line with the naming convention of all our other products and solutions”, said, Vinod Kumar, president, revenue maximization business Unit, Subex Ltd.

The solution basically focuses to helps service providers to focus on efficient management of costs, an area ignored by many until now, in order to achieve higher profitability, said a press release.

The key feature of Lucreta is its ability to utilize network resources efficiently to reduce network costs - these include leased circuit costs, access costs as well as interconnection costs.

This would also help service providers to adopt lean operating principles by automating invoice verification processes, quickly resolving disputes and expediting internal and external audit compliance, added the release.

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