Rating & Charging

The OCS.io supports General Ledger (GL) Codes for accounting purposes. GL Codes are used to categorize financial transactions and provide a way to track financial information within the system. The GL Codes can be configured within the Product Catalogue of the system. By configuring the GL Codes, the system can track financial transactions related to the organization’s various products and services. This enables accurate financial reporting and analysis and easier auditing and compliance with accounting standards. The Product Catalogue is a core component of the OCS.io, and GL Codes play a vital role in the accounting and financial management of an organization using the system.

In OCS.io, calculating Taxes is critical to the Rating & Charging process. The system offers out-of-the-box functionality to calculate taxes, which involves adding a defined tax rate to each event during Online Rating & Charging or a group of events with the same tax category during the Billing process. This functionality is suitable for businesses or tax jurisdictions with straightforward tax calculation requirements, such as most EU countries.

The system allows for the unlimited definition of tax rates, including standard rates (e.g., 19%), reduced rates (e.g., 5%), and no-tax rates (with a value of 0%). However, suppose your business or tax jurisdiction requires more complex Taxation, such as in the United States of America. In that case, the system offers the option to configure no-tax rates and process taxation using an external vendor, such as Vertex.

Charging Class is a fundamental entity within OCS.io that defines how charges for various services and events are calculated. A charging class is closely linked with other configurations within OCS.io and is used to determine the price and tariff applicable to a chargeable event.

OCS.io enables efficient and accurate charging and billing management by defining charging classes for different services and events. For example, charging classes may be defined for a one-time or recurring fee, data usage, voice calls, SMS messages, and other billable activities.

Charging Class model supports tree configuration. This means that you can configure all above for certain node of the tree, automatically it will be applied to all sub-nodes.
Assume following configuration:

You can:

In OCS.io, a Special Day is a predefined date representing a public holiday or other special days in a specific country or region. This feature is used to identify specific days with a different pricing structure or charging model than regular days. For example, some countries may have other pricing plans for weekends or public holidays. The special day feature allows the system to apply the correct pricing to such days accurately. Once a special day is defined, the system automatically applies the appropriate pricing structure or charging model to the affected events.

In OCS.io, Time Periods can specify different periods within a day. This feature is often utilized to differentiate usage between peak and off-peak periods.

For example, a mobile network operator may define a Period from 8:00 AM to 8:00 PM as the Peak period and another from 8:00 PM to 8:00 AM as the Off-Peak period. Usage during the Peak period may be charged at a higher rate than usage during the Off-Peak period.

In OCS.io, Time Period Groups are a helpful feature for organizing multiple Time Periods into a single entity that can be used in other configurations.

For instance, you may have several Time Periods that define various pricing structures for different parts of the day, such as Off-Peak and Weekends. By grouping these Time Periods into a single Time Period Group, you can simplify the configuration process and make managing pricing for different services easier.