Telecom Industry

The telecommunications, media and technology sectors connect people and organizations worldwide to the digital society. The companies need to constantly adapt their business models to new technologies that are emerging on the market. Therefore, it is essential to possess organizational capabilities that allow firms to gain an adaptive advantage over their competitors.

TELECOM INDUSTRY

The telecommunications, media and technology sectors connect people and organizations worldwide to the digital society. The companies need to constantly adapt their business models to new technologies that are emerging on the market. Therefore, it is essential to possess organizational capabilities that allow firms to gain an adaptive advantage over their competitors.

The Telecom Industry

The focus of telecom companies has shifted from being very good at providing service, to be very good at learning how to provide new services to their customers.

This year, telecommunications companies are preparing for some of the biggest technological advancements the industry has ever seen. Trends such as the 5G revolution and the advancement of the internet of things (IoT) will reshape the telecommunications sector and force innovation on a massive scale. The transition to 5G alone is expected to trigger an ample number of changes in the field of equipment, network and infrastructure.

In order to effectively adapt, it is paramount to obtain efficiency in commercial operations, consistency in the planning of sales and the workforce, an efficient performance comparison for the different business units, flexibility to adapt quickly (spin-up) and collaboratively when changes are needed. The complexities in this sector make it challenging for organizations to implement innovation, technologies and new models, but the EPM tools have the solution to these problems.

The EPM software tools support the creation, management and end to end delivery of financial processes. This includes budgeting, connected planning, forecasting, consolidation and reporting. Their implementation helps finance professionals by enabling them to rapidly collect data, transform reports and analyse data without the need for the time-consuming creation and maintenance of complex and error-prone spreadsheets.

Thanks to our years-long expertise in financial planning and EPM tools such as Anaplan, Vena and OneStream, we offer solutions that optimize the company’s operations and increase flexibility to adapt quickly to changing market by:

  • Turning manual and inflexible planning processes into dynamic, connected and more sophisticated planning.
  • Gaining actionable insights through quicker and less error-prone reporting.
  • Improving communication between departments through connected planning.
  • Using adaptive advantage thanks to optimized sales plans and possibility to adjust rapidly to changing market dynamics.

Would you like to learn more about how Sonum can help transform your processes and prepare you for future opportunities and challenges? Get in touch with us for a free consultation.

Experience

Below a selection of some interesting projects we did that helped our clients to bring their processes to the next level

  

Implementation of SAP BPC 10.1 NW

Implementation of SAP BPC 10.1 NW (embedded) for homogenizing the reporting processes of the operators on a worldwide level

Integrated Planning at Proximus

The solution supports the business as well as giving corporate management the flexibility to run simulations based on the available data.

Questions regarding the Telecom Industry?
Contact Eije!