Comverse, a provider of telecom solutions, has unveiled a new billing solution designed to reduce costs.

The Comverse Kenan FX is supposed help users expand into new service lines and business models such as WiFi, Offload, vouchers and machine-to-machine (M2M)

Other features include virtualisation tools desinged to reduce capital expenditure and better support services for wholesale businesses.

Gabriel Matsliach, VP, CMO and CPO at Comverse, said the solution is available for its Kenan customers as well as new customers.

"Some Kenan customers have made enhancements to their existing installation or have evolved to the most recent release; others extend their ecosystem with additional capabilities from Comverse such as real-time charging, or upgrade to full converged BSS," he explained.

Robert Barrows, VP and Kenan Business leader, added: "This new release is part of Comverse’s continued commitment to enable all of our customers to maintain market leadership, boost profitability, and sharpen their competitive edge through innovation and cost reduction."