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Pricing and Rating
Pricing Overview
The MATRIXX pricing model is highly flexible and enables you to create innovative service offerings and tailor pricing to subscriber needs. It is compatible with the Telemanagement Forum Shared Information/Data (SID) model.

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Pricing and Rating
- About Pricing and Rating
  Pricing and Rating provides an introduction to MATRIXX pricing and rating functionality and describes how to define the catalog components necessary for rating and policy selection. It also provides an overview of the MATRIXX rating process and an introduction to My MATRIXX, a Web-based user interface application you use to create and manage product catalogs.
- Rating Overview
  MATRIXX Charging Application can perform both online and offline rating in support of next-generation networks and legacy systems. It can also handle hybrid sets of convergent, prepaid, and postpaid services, enabling service providers to have a diverse subscriber base.
- Pricing Overview
  The MATRIXX pricing model is highly flexible and enables you to create innovative service offerings and tailor pricing to subscriber needs. It is compatible with the Telemanagement Forum Shared Information/Data (SID) model.
  - Pricing Data
    The MATRIXX Engine pricing data model is compatible with the Shared Information/Data (SID) standard, as defined by the Telemanagement Forum (TM Forum).
  - Pricing Corrections and Revisions
    Make corrections and revisions to all pricing items except balance classes, meter classes, balances, meters, and products. For information about product offer versions, see the discussion about product offers.
  - Updating Pricing After Purchase
    Not all pricing items can be updated once pricing is loaded and subscribers are using it.
  - Pricing Plans
    Pricing plans define the pricing and policies that allow you to control how you provide services to subscribers and how you are paid for those services. Pricing plans are comprised of catalog items, offers, bundles, and supporting objects required to implement pricing.
  - Cycle Processing
    The Charging Server supports balance cycles, billing cycles, and purchased item cycles.
  - Group-Owned Pricing
    Groups can own product offers that define service pricing for group members. The product offers can define pricing for both usage and non-usage event types.
  - Offer Life Cycle Profiles
    An offer life cycle profile consists of a set of offer statuses, a set of policies associated with each offer status that describe the behavior, and a set of transitions with the condition that triggers the transition and the actions to be performed. Both offers and bundles can have an offer life cycle profile defined. Use offer life cycle profiles to customize the behavior of MATRIXX Digital Commerce for your business processes.
  - Status Life Cycles
    A status life cycle is a collection of object states, properties and transition rules that are defined for a specific object type. You can define a status life cycle for user, device, subscription, group, and offer objects to customize the behavior of MATRIXX Digital Commerce for your business processes. For information about offer life cycles, see the discussions about offer life cycle profiles and offer life cycle status codes.
  - Status Notification Profiles
    Notification profiles are reusable pricing components that define when expiration and recurring processing failure notifications are sent and the frequency with which those notifications are sent. Notification profiles can be assigned to each status in status life cycles. For a complete list of possible notifications, see the discussion about notifications in MATRIXX Engine Integration.
  - Taxation Calculation
    This section describes taxation calculation in MATRIXX Digital Commerce.
  - Planning a Pricing Plan
    Before you create a _glossary/pricing_plan.html, you should determine how you want to name, organize, and set up the items that comprise planning a pricing plan.
- Deploying a Pricing Plan
  Deploying a pricing plan involves compiling the pricing plan into a configuration file and loading the configuration file into the pricing database. During compilation, the pricing schema is validated and any errors that occur are displayed.
- Appendixes
MATRIXX Pay Now
MATRIXX Policy
MATRIXX Event Streaming
Subscriber Management
Subscriber Management (SubMan) API
MATRIXX Business API SDK
My MATRIXX Help
MATRIXX Backoffice Customer Tool Help
Third-Party Licenses
Glossary

Pricing Overview

The MATRIXX pricing model is highly flexible and enables you to create innovative service offerings and tailor pricing to subscriber needs. It is compatible with the Telemanagement Forum Shared Information/Data (SID) model.

You create a pricing plan to define how to charge subscribers for your services, which events to rate, and which policies to apply. Pricing administrators define pricing plans and configure charging and rating behavior by using My MATRIXX, an intuitive, easy-to-use, web-based application. You can easily set up simple and complex pricing and policy decisions due to its simplistic data-driven design. For example, simple pricing can be a recurring charge associated with a monthly device rental. Complex pricing can include a one-time purchase charge, a monthly grant of assets, a monthly usage charge, an overage charge, and a discount—all of which can be combined to provide an overall price for product offer or bundle.

You deploy pricing by using a Pricing Compiler application which transforms the data into multi-dimensional arrays of algebraic formulas, which you then load into the pricing database. The engine is not aware of the pricing concepts behind the equations—it only needs to execute the math to calculate the correct answer. Because MATRIXX Charging Application uses equations rather than pricing data during rating, calculations are performed consistently across any charge configuration, from the simplest SMS event to the most complex session, in a precise and efficient manner.

There is no tradeoff between pricing complexity and performance, so more data can be processed without reducing performance or decreasing efficiency of a MATRIXX blade. In addition, as new pricing concepts are developed, they are transformed into equations the engine already understands, so future pricing models can be deployed quickly without the cost and risk of customizing code. All items that make up a pricing plan are reusable and easy to assemble. Custom coding is not required to define pricing.

For information about the My MATRIXX interface and configuring pricing, see My MATRIXX Help.