Challenge: A major telecommunications company with subsidiaries across 70+ countries, having grown throughacquisitions faced a fragmented FP&A function. Inconsistent financial processes, metrics, and analytics across subsidiaries hindered communication, cost management, and global reporting.

Client: One of the largest telecommunications companies in the world

Solution: TFOsol’s team member led a comprehensive FP&A transformation:

• Standardization: We redefined financial processes, metrics, and analytics to create a unified system across all subsidiaries.

• Consolidation & Centralization: We consolidated and centralized FP&A processes, enabling global oversight and improved communication.

• Strategic Outsourcing: We established centers of excellence in FP&A across India and Chile, leveraging cost advantages while maintaining quality.

• Automation Integration: Significant automation was built into the processes, streamlining tasks and reducing manual errors.

Results:

• Over 35% Cost Reduction: The transformed FP&A function delivered a significant cost reduction of over 35%.

• Enhanced Reporting & Analytics: Standardized processes and automation led to improved reporting accuracy, consistency, and deeper financial insights.

• Streamlined Communication: A unified FP&A system facilitated better communication and collaboration between corporate finance and subsidiaries.

Benefits:

• Improved Decision-Making: Faster, more accurate data empowers informed financial decisions at all levels.

• Increased Efficiency: Streamlined processes and automation free up resources for collaborating with business units to solve business problems.

• Global Cost Management: Standardized practices enable effective cost control initiatives across the entire organization.

TFOsol's expertise in FP&A transformation helped this global telecom giant achieve significant cost savings, enhanced reporting, and improved communication. Our approach of standardization, consolidation, strategic outsourcing, and automation can be applied to transform all  functions and not just FP&A of companies across industries and size of company