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News Release
MACH’s Financial Clearing and Settlement Solution to Drive Operational Efficiencies for Rostelecom-Ural

New Delhi, 29th September, 2011 – MACH, the leading provider of hub-based mobile communication solutions, today announced that Rostelecom-Ural, a subdivision of OJSC Rostelecom, Russia, is set to benefit from deploying its financial clearing and settlement services. By outsourcing key business functions, including invoicing, settlement and reconciliation to MACH, the cellular operator benefits from optimised cash flow, reduced expenses  and accelerated financial clearing and settlement for its roaming business. This
reduces the complexity within its business and frees up resources, allowing it to concentrate on core revenue-generating activities.
 
Evgeniy Aksenov, Head of Roaming Division of the Department of Interconnection with communication operators at Rostelecom, commented: ”We have had a working relationship with MACH since 1999 and have always been impressed by the company’s high service levels and commitment to delivering a real partnership.  When we looked to outsource the financial clearing and settlement functions of Rostelecom-Ural, it therefore seemed natural to turn to MACH. We fully expect to see the expenses involved in maintaining the financial clearing and settlement of Rostelecom-Ural to be reduced rapidly, while we will be able to reallocate staff from this back-office function to more strategic, revenue-generating activities within the company.”
 
Artur Michalczyk, Chief Product Officer, MACH explains: ”Rostelecom-Ural already uses MACH for data clearing and SMS/MMS hubbing.  With the addition of our financial clearing and settlement support, the operator will be freed of a major administrative burden, while benefitting from optimised cash flow and reduced exposure to bad debt.  Rostelecom-Ural  is one of the first operators in Russia to outsource financial clearing and settlement and we are confident that due to the large number of benefits this approach enables, they will not be the last.”
 
Providing complete CDR-to-cash management, MACH’s Financial Clearing and Settlement Solution combines rating and tariff management, billing interoperability and transaction management, as well as advanced reporting and business intelligence. MACH is recognised as the world leader in financial clearing and settlement. With more than 65% market share in the GSM roaming world, it settles more than $10 billion annually between operators, the majority of all inter-operator roaming liabilities. MACH is unique in the market in offering one encompassing settlement solution for roaming, SMS interworking and mobile application and content transactions, providing operators with maximum control and visibility of the entire process.
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