Dynamic pricing engine
- Adjust sell costs in real time
- Respond quickly to market changes
- Keep pricing competitive and in line with the market
Interconnect Rate Administration Service
iRAS: rate deck management without the spreadsheet.
Vendors email their rate sheets straight into iRAS, in whatever format they use. iRAS analyzes each one, holds it for your team to approve, reject or edit, and turns it into a file your routing and rating engines can load, with customer pricing kept in step.
- Input
- Vendor rate sheets, by email
- Output
- Ready-to-import rate files
- Available since
- 2018, as a cloud-based service
- Works with
- ICP routing and rating
How iRAS works
From a vendor's email to a routable rate file.
Four steps, and your team only touches the third.
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01
Receive
Supplier rate decks arrive by email, straight into iRAS.
-
02
Ingest
Each deck is opened, analyzed and processed automatically.
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03
Review
Your team approves, rejects or edits the converted rate decks.
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04
Import
Ready-to-import rate files go to your routing and rating engines.
Vendors stay in the loop
Automated notifications report the status of every deck to your team and to the vendor that sent it, as rates are received, analyzed and processed.
Vendor management
Rate decks in every format, handled the same way.
Every vendor sends its own format, on its own schedule. iRAS handles all of them the same way, so nobody on your team re-keys a rate sheet again.
Managing rate decks is one of the most cumbersome, voluminous tasks in interconnect voice, and it puts people at the center of what should be an automated process. iRAS takes the re-keying, the error-prone spreadsheet analysis and the reformatting out of it, so carriers no longer need to standardize the termination rate sheets their vendors send.
The result is a vendor supply chain you can grow and improve, which improves the quality you deliver to customers and lowers terminating costs.
Customer pricing management
Sell rates that follow your vendor costs.
The other half of iRAS sets customer pricing. When vendor costs change, the pricing engine lets you adjust sell rates in real time and see what each decision does to margin.
Customizable packages
- Personalized packages for different market segments
- Offerings tailored to different customer needs
Profitability analytics
- The financial impact of each pricing strategy
- Pricing effectiveness tracked in real time
- Data to adapt the strategy as results come in
Real-time market data
- Market data integrated into pricing strategies
- Current industry trends in view when pricing
Straightforward interface
- An interface built for everyday pricing work
- Usable without being a pricing specialist
Scales with the business
- From a startup to an established carrier
- Adapts as customer demands change
Built with carriers
Designed around the workflow carriers actually run.
GCS introduced iRAS in October 2018 as a cloud-based service, available to the whole industry, with no software to deploy.
Before launch, the GCS development and support engineering teams spent nine months working with customers to map the rate management workflow step by step. The product took longer than planned because the team kept working on the details that make it reliable at volume.
iRAS runs on its own or next to the Interconnect Command Platform, where the rate files it produces feed the same routing engine that decides every call.
Common platform
Interconnect Command Platform
The platform every call runs through. ICP-Route decides where each call goes and ICP-Rate rates, bills and settles it, on one set of data from vendor rate sheet to invoice.
Learn more about ICP
Further reading
More on rate deck automation.
Free consultation
Send us a rate deck you dread.
Tell us how many vendors you manage and how their decks arrive today. We will show you what iRAS does with them and how the output reaches your routing and rating engines.