Case Study: Leading Telecommunications Company achieves IFRS compliance and a real-time, scalable accounting hub with Precisely Data360

Financial Accounting Hub Big Data Meets Financial Accounting - a Simple, Yet Agile and Scalable Solution

Leading Telcommunications Company, which serves more than 26 million customers and manages over $25 billion in annual revenue across 350+ entities, faced an urgent mandate to restate revenue under new IFRS standards. The company’s accounting and billing landscape was a patchwork of brittle legacy systems that couldn’t scale or meet compliance needs, so it engaged Precisely and adopted the Precisely Data360 platform to find a cloud-first, high-performance solution.

Precisely deployed Data360 as a centralized enterprise accounting hub that ingests hundreds of millions of raw records daily, performs parallel ETL and validation, and integrates with systems like SAP and billing platforms. The Precisely Data360 solution delivered real-time big-data processing and automated reconciliations, enabling the customer to achieve IFRS compliance, streamline and accelerate revenue restatement, and insulate legacy applications while improving data quality, reporting speed and operational efficiency.