Case Study: VIVA Bahrain achieves full IFRS 15 compliance with Oracle (Cloud Revenue Management & Accounting Hub)

VIVA Bahrain Chooses Oracle and Quickly Becomes Fully IFRS 15 Compliant

VIVA Bahrain, a leading telecom operator, needed to meet new statutory financial rules requiring full compliance with IFRS 15. The company faced the challenge of overhauling complex revenue recognition and reporting processes quickly and accurately across its telecom contracts.

VIVA implemented Oracle Cloud Revenue Management, Oracle Accounting Hub Reporting Cloud Service and Oracle Cloud ERP, with Wipro as the developer, to centralize revenue management and accounting. The solution delivered rapid, full IFRS 15 compliance—making VIVA the first telecom to achieve this—and improved the accuracy and transparency of its financial reporting.

VIVA Bahrain

Ross Clewley

Chief Financial Officer