All telecommunications companies must comply with the new IFRS 15 global accounting standards by January 2018. Companies that fail to comply could carry a considerable compliance and audit risk. While meeting the requirement, O2 saw the potential to go beyond basic compliance to build something transformational.
Deploying innovations such as big data architectures, digital analytics and cloud environments would satisfy not only regulatory requirements, but also deliver foundations for O2 to operate as a truly data-driven company.
But first, O2 had to meet the considerable challenge of delivering the basics. It needed to create a centralised, highly-reconciled Financial Data Hub which would unify all financial reporting, delivering:
Find out how by viewing the case study video and PDF below.