Financial Clearing & Settlement
TOMIA’s Financial Clearing and Settlement service provides mobile operators with an efficient and reliable wholesale settlement process.
Online Selfcare Portal
TOMIA’s Financial Clearing and Settlement (FCS) service guarantees transparency and traceability for all transactions for GSM roaming and interworking agreements. Users can take action and influence the settlement process without having to use separate support and service tickets or contacting TOMIA by email or phone – even though this option is always available. Using the tools in the Unity portal, customers can decide which transactions need to be paid and which transactions need to be withheld.
The service is offered as a managed service and all actions taken by TOMIA are transparent to the client, providing clarity on invoice and debt chasing as well as dispute resolution.
Advanced Clearing Engine
FCS allows operators to define specific rules to aggregate small invoice amounts until it reaches a configurable threshold to avoid unnecessary bank charges, apply netting across periods and group netting rules to have one settlement for several partners of the same group. Cross-cycle netting optimizes payments between carriers, balancing receipts and payments over time. Such simplification allows more control of their cash throughout the payment process.
The service fully supports group hierarchy. Information is aggregated at the group level or per individual affiliate with proper access rights. The service includes a unified database shared by TOMIA’s Data Clearing and Deal Analytics services, thus ensuring consistency and access to the full data.
TOMIA FCS is fully compliant with the GSM Association (GSMA) standards and data privacy regulation.
Key Benefits
Full Control
The online interface assures users the ability to follow, monitor and control the clearing and settlement process on a continuous basis and access the relevant reports via a clear, professional and user-friendly web interface.
Interactivity
The online interface provides a clear and actionable view of each stage of the clearing and settlement process, including easy approval or rejection of invoices, credits/debits notes, and approval or withholding of payments.
Transparency and Tracking
The service guarantees transparency for all transactions, including the Foreign Exchange (FX) rates applied by the bank. Logging and reporting of the discrepancies and deviations are part of the settlement process.
Advanced Analytics
Different levels of information are available to serve operational and business needs. Settlement info is combined with other datasets like Deal Analytics’ accruals report to provide accurate budget tracking.
Fast-Flow Settlement
Combined with the Deal Analytics service, the “fast-flow” process allows instant settlement when an IOT discount agreement is completed. This decreases exposure to liability or provisions for bad debts.
Innovation
TOMIA is at the forefront of the evolution of the billing processes and charging models, incorporating the new Billing and Charging Evolution (BCE) settlement and Blockchain technology into the context of financial clearing.
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Data Clearing Services
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Real-Time Antifraud
Prevents fraud in real-time both domestically and in roaming to minimize financial risk and reputational damage.
