Finance Organizations – Agility Building a Best-in-Class Finance Organization with Agile Analytics RESULTS: The Lavastorm Analytics Engine provides Telia with agile data management, integration, and analytics capabilities. Faster Response Time – Telia now answers new financial and operational questions in hours or days when it used to take weeks. Higher Revenue from Partner Relationships – Stronger analytic capabilities relative to partners has better prepared Telia to establish financially beneficial relationships and to resolve revenue sharing disputes. Reduced Services Costs – On just one project related to Telias Television division, Telia’s finance organization answered strategic questions posed by the business leaders and avoided the need for a $260K project with an outside services firm. “Where most people pull up Excel, I pull up Lavastorm. Lavastorm gives us the power to analyze more complex data and business situations than we ever could with Excel.” ABOUT THE CUSTOMER One of 17 operating companies in the TeliaSonera group, Telia Denmark is the third largest supplier of telecom services in the Danish market. Telia has been a customer of Lavastorm since 2001 and is a full-service operator, providing mobile, broadband and television services. Currently, Telia delivers their services in Denmark under three different brand names: Telia, Call me and dlg tele. SITUATION Like most other finance organizations, the financial team at Telia faced daily data challenges. With increasing regulations, fragmented partner networks, and highly complex revenue models, Telia must analyze more data and more complex data in less time and with greater accuracy – or face significant risks, including loss of revenue, poor branding, and unprofitability. Telia Denmark’s financial leaders recognized that the way the financial team organizes, analyzes and utilizes data can have a major influence on the company’s financial success. So they set a goal of transforming their organization into a best-in-class data operation that could reliably and quickly provide critical information to the operating units and executive management of the organization and, therefore, contribute to the success of their business. Telia already used the Lavastorm Analytics Engine to unwind complicated revenue sharing transactions and properly allocate revenues to its network of partners, including mobile operators, content providers, and other TeliaSonera operating companies. Lavastorm’s software gives Telia a substantial speed and accuracy advantage over every revenue sharing partner and Telia wanted to have Lavastorm add these advantages to their handling of additional financial initiatives. Thomas Trulsson, Interconnect Analyst, Telia Denmark ©2014 Lavastorm Analytics. All rights reserved. Telia Denmark Case Study Solution To build best-in-class financial operations, Telia committed to use the Lavastorm Analytics Engine to address complex, ad hoc, and data-driven problems encountered by the finance organization. The Lavastorm Analytics Engine provides Telia with agile data management and analytic capabilities that allow them to quickly aggregate all relevant data, analyze data to find new insights, and audit data to find anomalies, outliers or patterns. “Where most people pull up Excel, I pull up Lavastorm,” said Thomas Trulsson, Settlement Analyst, Telia Denmark. “Lavastorm gives us the power to analyze more complex data and business situations than we ever could with Excel. We use it for aggregating data, sorting, checking for duplicates, structuring data in different ways, and for executing logical operations. Excel just didn’t match our business complexity.” Telia has used the Lavastorm Analytics Engine for a wide array of financial projects related to settlements/payments, regulatory reporting, and business reporting including: Post-merger Asset Reconciliation – Upon acquiring a competitor, identified approximately 100,000 assets, and quantified the asset values. Lavastorm improved the accuracy by including detailed data on the asset ID over its lifetime and reduced the staff needed from six to two people. Settlement of Financial Obligations with Content Providers for Telia’s Television Division – Lavastorm aggregates usage and billing data in 2 days, avoiding a $260,000 project with an outside services firm. Financial Reporting – Lavastorm aggregates all the raw data, reducing preparation time from one week to one day and reducing processing time from two weeks to just 30 minutes. Pricing and Marketing – Telia uses trend information to influence marketing and other groups. BENEFITS Increases Business Agility Flexible data management and analytic capabilities allow analysts to integrate multiple data sources and change business logic up to ten times faster than traditional tools. Greater accuracy and faster analysis help decision makers anticipate trends instead of chase them. Handles Complex Data and Business Situations Like most finance organizations, Telia faces increasing regulatory pressure, more complex business relationships, and large volumes of complex data. Lavastorm provides an agile data management and analytics environment that allows financial managers and analysts to aggregate and analyze all of their data, providing the flexibility, speed, and power to understand any business situation. Greater Accuracy Lavastorm’s visual analytic environment and agile data management capabilities allow business people to understand their data and, therefore, their business operations in greater detail. With this information, they can pinpoint the root cause of an issue and resolve it or uncover opportunities to increase profitability. Supports Continuous Business Control Continuous monitoring exposes data anomalies and patterns so organizations can guard against risks and uncover opportunities for business improvement. ©2014 Lavastorm Analytics. All rights reserved.
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