Case Study: SEACOM achieves IFRS 15 compliance and streamlined, reliable planning with Solver

Solver helps SEACOM improve its planning process and meet IFRS 15 compliance

SEACOM is a pan‑African telecommunications provider operating across six countries with 12 legal entities, five currencies and complex long‑term contracts that accounted for up to 50% of revenue and about $300M in deferred revenue. Facing a hard deadline to comply with IFRS 15 and a fragmented, manual annual planning process—multiple inconsistent spreadsheets, slow reconciliations with Acumatica, audit delays and eroded trust in budget numbers—SEACOM needed a robust, auditable solution.

SEACOM implemented Solver’s Data Warehouse and planning modules (with integrations to Acumatica), loading contract, billing and open‑balance data to automate revenue recognition and budgeting. Solver delivered controlled revenue recognition reports for auditors, cut revenue processing from ~4 hours/month to 2–3 hours/year, restored trust with transparent, scenario‑driven budgets, and completed the parallel IFRS15 and planning implementations in roughly eight weeks, meeting deadlines and improving long‑term audit and accounting efficiency.

SEACOM

Warren Wilbraham

Global Head of Finance