CASE STUDY BT GROUP
Well connected
Together, we turned finance operations from transactional to transformational. Moving BT Group’s finance function to the cloud boosted operational cost efficiency by 30%.
3-minute read
BT Group, a British multinational telecommunications company, is committed to connection for good. When it embarked on reinventing its finance function, BT used the company’s core values —“personal, simple and brilliant”—as a benchmark for success.
The reinvention has been right on the money. After radically transforming its digital core, BT Group is achieving a 30% operational cost efficiency, closing the books 40% faster every month and living those key values across operations.
With Accenture’s partnership, BT moved its entire finance function to the cloud. The new program, called “Making Finance Brilliant”, enhances efficiency and standardization. At the same time, it automates core financial operations, management reporting and planning processes.
By the numbers
Phase one of the project focused on the SAP implementation, consolidation and simplification of planning and budgeting processes across the company.
Standardizing the data models created a single source of truth, which quickly streamlined and improved financial reporting. This allowed employees who might have been unfamiliar with SAP to see the possibilities inherent in a cutting-edge finance function.
Phase two focused on transferring all the UK operational finance data into SAP, to reap the full benefits of the finance foundation built in phase one. This approach helps set up the company for continued reinvention and future success.
Dialed in
Today, a more consistent and connected approach to data gives BT better visibility and real-time insights—and is fueling growth in the process.
The reinvention is delivering increased efficiency, as the finance group relies on centralized processes and execution rather than the old analog approach to data aggregation and reconciliation.
In addition to the business success from updating its digital core, BT Group’s people now have access to new technology and new skills so they can continue delivering brilliant connections.
We are making bold moves, together
