Case Study: Vodafone Iceland improves financial reporting and reduces revenue leakage with TimeXtender

Improving Financial Reporting and Reducing Revenue Leakage at Vodafone Iceland

Vodafone Iceland, part of Vodafone, needed to improve efficiency in its financial closing processes and reduce recurring revenue leakage caused by manual, error-prone billing and inconsistent financial data. The telecom provider turned to TimeXtender’s continuous monitoring solution to gain better visibility into data quality and support more accurate financial reporting.

TimeXtender implemented automated data quality monitoring and BI capabilities to help Vodafone identify revenue leaks, streamline month-end close activities, and prevent bad data from reaching financial ledgers. The results were significant: Vodafone achieved a 74% reduction in billing data processing errors within 12 months and cut end-of-month processing time by 97%, from 4 days to just 3 hours.

Vodafone

Maria Arthúrsdóttir

Head of Financial Planning and Analysis