Proximus Achieves IFRS 15 Compliance
TCS’ Informatica and SAP based revenue recognition solution streamlines data management
- Overview Press tab for submenu items
TCS is here to make a difference through technology.
Leading the way in innovation for over 55 years, we build greater futures for businesses across multiple industries and 55 countries.
-
Industries
-
Services
-
Products and Platforms
-
Research & Innovation
Overview
Overview
Overview
Overview
Industries
expand here
Services
expand here
Products and Platforms
expand here
Research & Innovation
expand here
- Overview Press tab for submenu items
We’re in it for good, driving positive change for the benefit of all.
Our expert, committed team put our shared beliefs into action – every day. Together, we combine innovation and collective knowledge to create the extraordinary.
-
About Us
- Overview Press tab for submenu items
Extraordinary expertise leads to remarkable results.
We share news, insights, analysis and research – tailored to your unique interests – to help you deepen your knowledge and impact.
-
Customer Stories
-
Perspectives
-
Global studies
-
Topics
- Overview Press tab for submenu items
Want to be a global change-maker? Join our team.
At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.
-
India
-
Americas
-
Asia Pacific
-
Europe and UK
-
Middle East and Africa
Overview
Overview
Overview
Overview
Overview
India
expand here
Americas
expand here
Asia Pacific
expand here
Europe and UK
expand here
Middle East and Africa
expand here
- Overview Press tab for submenu items
Find the latest news about TCS in our Newsroom
Get access to a catalog of the latest news stories from across TCS. Discover our press releases, reports, and company announcements.
-
Press releases
-
News alerts
-
Analyst recognition
Recent recognitions
View all -
Events
Upcoming events
08 Nov 2024 TCS BaNCS at CorpActions 2024, LondonView all29 Oct 2024 TCS at OpenText World 2024 -
Media kit
- Overview Press tab for submenu items
TCS works hand in hand with world-leading investors.
Tata Consultancy Services LimitedNSE:TCSINR -
Management Commentary
-
Financials
-
News and Events
-
ESG
-
Resources
Overview
Overview
Overview
Overview
Overview
Management Commentary
expand here
Financials
expand here
News and Events
expand here
ESG
expand here
Resources
expand here
Top Results
Showing
10
01 - 07
-
CMIS / CASE STUDY
You have these already downloaded
We have sent you a copy of the report to your email again.
Challenge
Proximus wanted to transform legacy systems to ensure timely IFRS 15 compliance.
The Belgian telecom major had about 11 months to meet the IFRS 15 compliance deadline of January 1, 2018. Given the inadequacy of the existing applications and the fact that Proximus’ product model is subject to frequent changes, implementing a new revenue recognition system was an imperative for the company. Proximus engaged TCS to align its accounting processes and data management models with the IFRS 15 guidelines.
Solution
TCS implements SAP and Informatica based revenue recognition and reporting system
Drawing from its 18-year association with Proximus, TCS worked closely with the business and IT teams at Proximus and planned a two-stage implementation of the solution. To begin with, TCS provided requirement validation, consulting, and analysis services, while the second stage involved design and execution. Leveraging its proficiency in IFRS15 and SAP Revenue Recognition and Reporting (RAR), TCS customized the tool to meet Proximus’ requirements, and merge 10 source systems with a central data hub.
Informatica tools were used to clean data and load it into the IFRS data bank. The end-to-end solution provided seamless integration of three revenue streams with the source systems, SAP ECC, and other applications. The new system enabled hassle-free data migration through the development of a RAR data model for revenue recognition.
Swipe LeftSwipe Right“TCS’ domain expertise and collaborative approach helped us achieve timely IFRS 15 compliance .”
Georges Geerkens
Head of Finance Business Operations, Proximus
Proximus achieves IFRS 15 compliance, deploys audit-ready system in record time.
The SAP and Informatica based system deployed by TCS has enabled Proximus to achieve IFRS 15 compliance within the stringent timeline and allotted budget. The new system has helped the Belgian telecom major transform prevailing processes to simplify management reporting and prepare for the upcoming calendar year.
What Made it happen
TCS HOBS™ is a cloud-native, catalog-centric platform with a composable architecture built for the telecom OSS/BSS support systems. Download our brochure now.
TCS TwinX combined with Enterprise Digital Twin technology powered by AI/ML provides solutions to help customers overcome & outperform challenges. Read more.
A unique contextual intelligence-driven and customizable interface enabling businesses to improve customer journeys and time to market. Discover how.
Related reading
1/4
Communications, Media and Information Services
Manish Mandal
Chayan Niyogi
Indranil Mukherjee
Using Generative AI for Enhanced Credit Decision-making
White Paper
|
26 Nov 2024
Opens in new tab
2/4
Communications, Media and Information Services
TCS AI Native Telco Offerings
Solution
|
24 Oct 2024
Opens in new tab
3/4
Communications, Media and Information Services
Vodafone Portugal Transforms Customer Experience with Pega Platform
Case Studies
|
09 Oct 2024
Opens in new tab
4/4
Communications, Media and Information Services
Vodafone UK Collaborates with TCS to Enhance Business Agility, CX
Customer Testimonial
|
26 Sep 2024
Opens in new tab
Find out more
What’s on your mind?
We’re here to help! Tell us what you’re looking for and we’ll get you connected to the right people.
Looking for something else?
©2024 TATA Consultancy Services Limited
©2024 TATA Consultancy Services Limited
- Privacy Notice
- Cookie Policy
- Disclaimer
- Security Policy
- California Notice at Collection
- Customize Cookies
