It has been seen that CSPs who overlook Finance and Accounting Assurance procedures as part of their Revenue Assurance activities witness roadblocks such as siloed processes, issues in accounting, revenue loss, and compliance issues.
Simplified and accurate revenue/unearned revenue accounting enables accuracy, enhanced decision-making, and implementation of an automated system to handle order-to-cash processes.
In this Point of View, we talk about:
• Key areas of concern for the operators not following Accounting Guidelines
• Challenges across Revenue and Liability
• Key activities for validation of revenue Accounting
• Benefits to the telecom operators with Accounting Assurance approach