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.
Back-office (e.g. finance & accounting, HR, print)
IT (e.g. cloud & hosting, infrastructure, application development and maintenance)
Network infrastructure and services
Tower and site maintenance
“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.
Gain complete visibility and control over your contract portfolio through Sirion’s powerful contract repository: Leverage hierarchical document storage, auto-extraction of contract data, and advanced change management capabilities
Easily identify and correct invoicing discrepancies by auto-validating invoice data against underlying contractual obligations and performance data
Improve performance delivery with a comprehensive and automated approach that streamlines the capture, computation and monitoring of obligations and service levels, and link performance to real business impact
Drive improved alignment and collaboration between buyer and supplier teams through a shared view of contract and performance data, and through data-backed relationship governance