Case Study: AT&T achieves 40% faster P&L reporting with Oracle Financial Services Profitability Management

AT&T creates P&L reports 40% faster with Oracle Financial Services

AT&T, a major telecommunications company, faced aging profitability management systems that were slowing management reporting across its mobile and wire-line businesses. Its P&L reports took about three days to produce, and manual spreadsheet-based allocations added complexity and limited time for analysis. AT&T turned to Oracle Financial Services Profitability Management to modernize and speed up its reporting process.

Working with Oracle Financial Services Consulting, AT&T migrated to Oracle Financial Services Profitability Management in late 2021. The result was a 40% faster P&L cycle, cutting report production to about two days and reducing revenue reporting from 38 hours to five hours. Oracle also helped AT&T automate cross-business allocations, improve accuracy, meet service-level agreements, and free the team for more analysis and strategic work.

AT&T

David Jones

Director of Management Reporting