How Vodafone is Building the Future of Commercial Contract ManagementWATCH WEBINAR
Revenue growth across the telecom industry has slowed down to below 4% as core voice and messaging traffic has shifted to newer communications channels opened up by social media. In the US alone, landline and mobile voice now accounts for less than 33% of the total access, down from 55% in 2010. This is counterbalanced to some extent by the growth in data revenues, whose contribution to overall revenues has grown from 25% to 65% during the same period driven largely by investments in 4G infrastructure. The impact of this revenue slowdown is compounded by the huge infrastructure cost of 5G migration which is likely to double network costs in the next few years.
In the near term, telecoms will need to monitor their 5G migration and strategic supplier spend carefully without compromising innovation and performance. Suppliers remain a critical part of any telecom’s competitive advantage and it is essential to actively manage them and realize the contracted value expected from them.
“Sirion allows us to bring contracts to life, to collaborate, and to review where we have potential risk.”
Optus leverages Sirion to drive improved value in strategic customer contracts for enterprise telecom services
SirionLabs Teams Up with Vodafone to Win IACCM Contract Management Award
Sirion offers an AI-driven, integrated platform for telecom companies to manage contracts, performance, invoices and relationships in buy-side services contracts.