Client

• Largest telecom provider in Spain and Latin America.
• Yearly revenues 2007: €38 billion.
• Around 110.000 employees.

Context

• Financial and consolidation processes depended on too many manual interventions, and present significant control risk.
• Inability to adapt to volatile business environments and quickly analyse and respond to changes in business or market conditions.

Solution

• Automate global consolidated reports for the benefit of financial accounting on OutlookSoft CPM within 9 months:
• Functional and Technical Design.
• Implementing intercompany and consolidation solution.

Results

• Application that supports intercompany matching, legal and managerial consolidation and financial reporting processes at a corporate, divisional and entity level.