cVidya and MTN South Africa win GTB Innovation Award
Global Telecoms Business Recognizes cVidya’s Revenue Assurance Solution
London, June 5, 2013 - cVidya, a leading provider of Revenue Analytics solutions for communications and digital service providers, along with MTN South Africa, a leading telecommunications provider, have won Global Telecoms Business’ award for wireless network infrastructure innovation.
The award recognizes MTN South Africa’s successful implementation of cVidya’s MoneyMap® Revenue Assurance solution, which has yielded a substantial return on investment since it was deployed in 2010. Having seen a significant improvement in business and operational efficiency, MTN South Africa is expanding the solution’s coverage to additional Revenue Intelligence Analytics domains such as risk management and new lines of business.
“We are delighted to receive this award which recognizes a major step forward in the management of a complex and fast-changing aspect of our business,” said Quintus De Beer, Head of Revenue Assurance, MTN South Africa. “cVidya’s advanced solution has enabled us to move beyond reactive Revenue Assurance to take a proactive Risk Management approach that has improved billing accuracy and our customers’ experience, while boosting revenue and EBITDA.”
“This innovation award is testimony to the unique capabilities of cVidya’s MoneyMap product, which is helping MTN South Africa’s finance team to effectively manage high volumes of transactions in a complex, dynamic and diverse environment,” said Alon Aginsky President and CEO of cVidya. “Our solution has given MTN South Africa near-real-time fault detection across the vast majority of its revenue base, while making it straightforward for MTN’s management team to access highly-relevant data.”
In presenting the awards, Alan Burkitt-Gray, editor of Global Telecoms Business, said: “This is the seventh time we’ve run our Innovation Awards and each year we’ve seen that the industry is working harder and harder to deliver exciting and innovative services to its customers worldwide. Congratulations to all the award winners. The industry is seeing a wave of innovation which is making a huge difference — to the companies working in the industry and to all of us in business and as consumers.”
cVidya is a leading supplier of Revenue Analytics solutions to communications and digital service providers. cVidya provides operators with a complete solution, encompassing a big data technology platform and analytical applications designed to optimize profits and support operational and strategic decisions.
cVidya’s Business Protection offering, which supports Risk Management, Revenue Assurance and Fraud Management, enables operators to quickly identify and prevent risks. Its Business Growth offering, which encompasses Marketing Analytics and Sales Performance Management, enables operators to analyze marketing efforts, revenues and margins, and to deliver the right offers to the right customers at the right time.
cVidya has achieved rapid ROI for more than 150 customers globally, including British Telecom, Telefonica Group, Vodafone, AT&T, MTN and DTAG.
About MTN Group:
Launched in 1994, the MTN Group is a multinational telecommunications group, operating in 21 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: "MTN". As of 30 September 2012, MTN recorded 182,7 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d’Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, Swaziland, Syria, Uganda, Yemen and Zambia.