Telco Finance and Performance Management

Determining customer profitability is uniquely difficult for telecom operators.

The challenge requires firms to capture and allocate costs and revenues and apply a multitude of accounting rules related to bundled contracts, customer incentive programmes, and geographical considerations. IFRS reporting requirements increase the need to flex existing accounting processes and to adhere to new (and ever changing) standards.

With the Microgen Finance and Performance Management solution, telecommunications firms calculate customer profitability metrics, account for complicated contracts and address reporting requirements of auditors, management (MIS) and other stakeholders.

Microgen’s Finance and Performance Management solution is powered by Microgen Accounting Hub (MAH), giving operators a toolset to implement reporting and performance management requirements without changing existing billing and transaction systems. MAH provides operators with a single point of control for operational and financial data.

With the Microgen solution, teleco operators can:

• Avoid the “hundreds of millions of euros” one operator has said it would cost to implement IFRS accounting
• Unlock value from customer and behavioural data
• Enable finance to provide additional value to the business
• Prepare the organisation to efficiently meet current and future regulatory and audit requirements
• Improve efficiency of finance and accounting processes

To discuss how Microgen can help your firm address new accounting requirements and improve revenue recognition and cost allocation, please contact us.

• Build a flexible, transparent and auditable environment to meet current and future IFRS and FASB regulatory requirements
• For multi-jurisdictional operators, model and execute centrally-created, consistent accounting rules to reduce variable judgements at a local level
• Manage the collection of data required from billing,, commission payment and other internal and external systems e.g. inventory records, assets registers, order fulfilment systems
• Replace current spreadsheet-based and manual processes
• Drill-down from general ledger balances to underlying transactional data at any required level of granularity
• Populate data warehouses with finance-accurate accounting data
• Reconcile operational and financial data
• Move data recorded “as billed’ to “as accounted for” and “as cash”

To discuss how Microgen can help your firm address new accounting requirements and improve revenuerecognition and cost allocation, please contact us.