What is a Rate Plan

A rate plan is a collection of various services created into a product and offered to customers.

Typically rate plan consists of the Default services and provision for Optional services. In some cases, the optional services are offered for free to the customers for a limited period of time as a part of the promotion.

The rate plan is the connecting chain between the CDRs and the Bill. Hence rate plan is the most critical part of the Billing System.

Actually, the rate plan is the intelligence of the Billing System.

The ease with which a rate plan can be configured, altered to meet the market demands is one of the deciding factors when choosing a Billing System. Check the below drawing to understand the basic flow or architecture of a Rate plan in a Billing System.