Valtatech Helps HammondCare Reduce Invoice Processing Costs, Invoice Cycle Time And Free Up AP Resources With Peppol E-Invoicing In 2…
Thought Leadership
Unlock the Full Potential of Telco Finance and Procurement Operations
December 20, 2024
Drive Measurable Value with Our Source to Pay (S2P) Transformation and Automation Solutions.
The telecommunications industry across APAC has grown significantly in the last decade. In a fast-paced, technologically ambitious climate, it’s a vital industry. Telco businesses are under increased cost and reputational pressures. With increased consumer demand for technologies like 5G and green sustainability expectations. Finance and Procurement leaders are being asked to do a lot more with less.
To navigate these challenges, leaders need complete visibility and control over their spend. Our S2P transformation and automation solutions are tailored to address these unique needs. With our guidance and expertise you can drive measurable value from your S2P process. Driving cost savings and efficiency all without disrupting your business operations.
Our Deep Expertise in the Telecommunications Industry
We are extremely proud of the work that we have done in the telecommunications industry. We have partnered with many finance and procurement teams on their transformation journey.
<insert telco logos specifically: Solomon Telekom , Telstra>
We have hands-on experience with the biggest challenges that the industry faces. We’ve seen how businesses are unique and complex, making transformation more challenging. We utilise our 30+ years experience to help you navigate change and evolve your processes. We make sure you have the right processes and the right technology to drive value. Our team has helped telco businesses navigate a range of challenges. Helping them mitigate the impact these challenges have on finance and procurement processes.
Complex Supply Chains
Telecommunications businesses have notoriously complex supply chains. From a huge supplier list to global sourcing and regulatory compliance. They face an increased risk of supply disruptions and compliance issues.
Our S2P solutions provide real-time visibility and data into your supply chain. Helping you effectively mitigate risks and ensure compliance with regulations.
High Capital Expenditure
Running a telco is expensive. Infrastructure investments in 5G and other technologies carry big budgets. Putting an incredible strain on finance and procurement teams, cash flows and budget allocations.
Our S2P solutions offer advanced spend analytics and reporting tools. Enabling easy reporting and tracking of both committed spend and actuals. This helps you better manage expenditures, optimise budgets and identify cost savings.
Fragmented, Legacy Systems
The telco industry is full of legacy systems running core business operations. These systems and disparate IT infrastructure almost never talk to one-another. This leads to limited accuracy in spend data, creating inefficiencies and data silos.
Our S2P Solutions connect all your spend data together into one place. We break down the data silos to provide you with complete spend visibility and control.
Cybersecurity Concerns and Data Breaches
There have been high profile instances of data breaches in the telecommunications industry. Increasing cyber threats and higher levels of data collection need robust security measures. Particularly across procurement and finance operations.
Our solutions come with a range of enterprise-grade built-in security features. We are committed to protecting your sensitive data and ensuring compliance with regulations.
Increasing Cost Pressures
Fluctuating market conditions and competitive pressures creates big challenges for maintaining profitability. This has been particularly the case in recent years. Cost controls in these fluid environments are very challenging.
Our S2P solutions are focussed on providing you with complete spend control. With automated workflows and advanced analytics, you can drive efficient cost management.
Optimising after Mergers and Acquisitions
Industry consolidation is becoming more common across the region. This creates big integration challenges in the pursuit of unified procurement processes.
Our S2P solutions unite all your spend data into one place. This enables greater flexibility and a smoother transition and integration during M&As.
What Our Customers Say About Us
Aaron Passfield Head of Procurement, HammondCare
“Valtatech’s unique offer and extensive cloud and digital transformation experience meant they were the perfect implementation partner for our Coupa Business Spend Management implementation project. Valtatech’s cloud-based eInvoicing technology also enabled us to set up a system with very little disruption to the business, our partners, or teams on the ground.”
Hanako Kato Corporate HQ General Manager, Konica Minolta Business Solutions Asia
“Valtatech has been an invaluable partner during the process of transforming our procure to pay (P2P) system. The project has helped us to reduce costs, identify risks and improve value delivery across the business; while providing the visibility and insights my team and I require to improve risk mitigation, due diligence processes and governance.”
Case Studies
Why Choose Our Source to Pay Solutions
Unified Procurement Platform
We integrate seamlessly and completely with your existing systems. Our integration specialists can integrate with any legacy platform you have. Delivering a single source of spend truth. This enables enhanced visibility and control over spend, reducing risks and improving compliance.
Advanced Analytics and Reporting
With a single source of spend data you can enjoy data-driven insights. Our solutions offer easy-to-use and AI-driven advanced spend analytics and reporting. This enables you to confidently make data-driven, quick decisions. Identifying cost-saving opportunities is easier and you can improve efficiency in the process.
Automated Workflows
At the heart of our transformation is automating mundane and repetitive tasks. Our solutions streamline procurement and finance processes, utilising smart automation. This helps to reduce manual errors and accelerates cycle times. More importantly, it frees up your staff for more value-adding activities.
Supplier Management
Our solutions are designed to make working with your suppliers easier. We also aim to make it easier for your suppliers to do business with you as well. Supplier management is made easier with centralised information, smart automation and performance tracking. This helps improve supplier relationships and the accuracy of your spend with them. Using this data you enjoy improved negotiation power and reduced supply chain disruptions.
Compliance and Risk Management
We understand the need to systematise compliance checks. That’s why our solutions have configurable workflows to semi automate these checks. We also offer built-in risk assessment tools to help identify and manage risks. All this helps you ensure adherence to regulatory requirements and mitigate compliance risks.
Our Approach – Setting You Up for Success
There is huge, measurable value to be unlocked in your finance and procurement process. The trick is you have to know where to look and how to unlock it. Source to Pay projects can be big, heavy initiatives to undertake. They have very little margin for errors. This makes timing, planning and momentum key to success. We remove the guesswork of unlocking value from your finance and procurement process. We deliver measurable value as quickly as possible. Mitigating the risk of expensive failures and disruptions to your business.
Through our tried and tested 3 step transformation methodology we ensure you:
- Understand your current processes and pain points
- Understand your current technology stack
- Can define your future process guided by best practice
- Have a transformation roadmap you can deliver
- Can realistically measure savings and benefits
- Cut through unnecessary transformation activities to move quickly, deliver value and build momentum
Learn more about Our Approach.
Why Choose Us
Our Focus on Business Value
Value is ultimately a common vision of what success looks like. It’s visibility. It’s savings. It’s user adoption. It’s compliance. It’s best practice. It’s all that combined. It’s what we define, together, as our shared goal. Value is what we measure, what we strive for.
Partnership Approach
To help drive value, we work with you in an open and transparent way. We are alongside you every step of the way. We actively sharing both the risk and benefits with you – so we succeed together. That’s what we call a partnership.
Source to Pay Expertise
Our team has 30+ years experience in successful S2P transformations across the globe. We have worked with some of the leading companies in many industries. We provide invaluable insights on how to ensure that you are successful.
Ready to transform finance and procurement operations in your Telecommunications business?
Contact us today to see how our Source to Pay solutions can drive measurable value for your business.