VIENNA, Va. -- Telarix, Inc., the leading provider of Interconnect Business Optimization (IBO) and settlement solutions for content providers, IP service providers and global fixed and mobile operators, continued its proven track record of innovation with the introduction of its next generation billing solution, iXBill V5.2. As part of the company's comprehensive portfolio of interconnect and settlement solutions, iXBill ensures the entire interconnect billing process is fully tracked and captured, providing service providers an unprecedented view of their revenue streams while identifying critical financial trends.

Legacy billing systems and costly manual processes which carriers have relied upon in the past can no longer address the new level of complexity in which today's carriers now operate. These systems typically suffer from lack of functionality, are not integrated with other business systems and, most importantly, are expensive to maintain. As a result, the voice, data, IP usage and rate information that are generated by these systems are often not accurate--resulting in significant vendor invoice reconciliation issues and lost revenue.

iXBill offers a robust and highly flexible interconnect billing system that allows carriers to eliminate revenue leakage by supporting interconnect agreements with other carriers, regardless of the level of complexity and the type of network. Unlike many of the billing-only focused interconnect solutions available in the market today, iXBill provides embedded revenue assurance capabilities, leveraging its integration with other key carrier business functions including agreement management; route optimization; pricing; and audit and reconciliation. This level of sophistication ensures that all billable activities are accurately captured, rated and billed while allowing service providers to support a variety of agreement types and rating scenarios including the multi-party settlements and sophisticated revenue sharing partnerships common in today's dynamic voice, data, and IP interconnect market.

The system also eliminates the labor intensive and error prone processes associated with calculating and generating interconnect settlements. iXBill's automated cycle and statement workflow management processes provides effective revenue assurance controls including residual usage management, enabling old Event Detail Records (EDRs) to be automatically added to an open statement or added as an adjustment to the relevant closed statement.

iXBill provides comprehensive billing cycle management including automatic accrual generation to determine projected income or costs for the entire billing cycle as well as partner invoice generation. The automatic transfer of information to back-office financial management systems ensures carriers can efficiently complete payment processing and manage the accounting for any disputed amounts which might arise.

Telarix Inc.