Driving Financial Decisions and Compliance with Fixed Asset Management
Telecom operators are under significant pressure to sustain revenue growth and profitability, while delivering new digital services. At the same time, regulations, technology disruptions, intensifying competition, and changing customer demands are also placing telecom operators at a crossroads.
So how do these service providers – who are investing billions in wireless and wireline networks – ensure they can grow their businesses while mitigating risk? What kinds of solutions are available to help service providers navigate the operational and monetization challenges they face in their deployment? How do these solutions support business strategies and services involving 5G, edge computing and virtualized networking?
This session will explore the role of a universal Fixed Asset Management (FAM) structure in the deployment, interconnection and management of service providers’ physical and virtual assets.
Moderated by Michael Carroll, Editor of GSMA, this session will feature iconectiv’s Eyad Alqadi, Regional Director for EMEA, and John Hayes, Senior Director, who will explore the role that Fixed Asset Management plays in providing critical information to drive financial decisions and ensure compliance so that service providers can:
- Realign purchasing, procurement, inventory and operational management.
- Comply with regulatory, reporting, accounting and auditing requirements.
- Ascertain the value of assets at different stages of their lifecycles.
- Gain knowledge to develop procedures to help reduce unnecessary maintenance costs via accurate warranty tracking.
The panel will also address the benefits of Fixed Asset Management related to:
- Why a universal FAM structure is key to helping reduce time to revenue for innovation investments, while offering a competitive advantage in the race to expand into key markets.
- How simplified and streamlined accounting of network assets, including location and financial classification, is critical for many business processes such as: financial reporting (including International Financial Reporting Standards (IFRS) reporting), new services introduction, service trend analysis and regulatory reporting.
- The importance of identifying what service providers already have, what they need and what they don’t is more complicated than it may seem. How streamlining their asset management processes can help address these issues.
- Actionable insights on best practices that service providers can enact to maintain an accurate view of fixed assets, track assets in multiple networks/territories and help to ensure Fixed Asset Register compliance.