The new Financial Clearing solution guarantees transparency and traceability for all transactions by integration with the Starhome MACH Business Management solution (Unity). The result is a clear, actionable view of each stage of the clearing and settlement process, including easy operator approval or rejection of invoices, credits/debits notes, and payments. All actions of the clearing house are also transparent to the operator providing clarity on invoice and debt chasing as well as dispute resolution. Cross-cycle netting optimizes payments between carriers, balancing receipts and payments over time. A simplification of the funding process means that operators maintain complete control of their cash throughout the payment process. A transparent foreign exchange rate mechanism also gives true visibility of the currency spread involved in the transaction, providing assurance on currency costs for operators.
“We’ve taken a completely new approach to financial clearing, modernizing it in the process,” said Bruno Pagliuca, Chief Operating Officer at STARHOME MACH. “Existing financial clearing solutions operate as a black box meaning issues during the process are difficult to identify and resolve; carriers simply have to ‘trust’ the systems. We listened to the most demanding operators in the global roaming industry and designed our new Financial Clearing solution to hand control back to the operator, giving much needed transparency and efficiency at every level in the process.”
The STARHOME MACH Financial Clearing solution uniquely combines the roaming agreement information used by both data and financial clearing houses, ensuring information is always synchronized. This means that for the first time, inter-operator agreements and updates remain synchronized between data and financial clearing processes, limiting unnecessary payment delays and also allowing the new solution to offer revenue assurance from call record through to settlement.
