KPMG in Canada helps telecommunication companies gain a competitive advantage

The sector is undergoing transformation at a rapid pace driven by changing consumer behaviours and new technologies.

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KPMG in Canada joins forces with Bell to drive finance transformation

Dan Krausz on how KPMG is one of Bell’s strategic advisors on its finance transformation journey, operating as an integrated team to realize value

As Partner and Telecommunications Sector

Lead at KPMG in Canada, Dan Krausz has played a key role on Bell’s finance transformation journey over the past few years.

Rapid technology innovation in telecommunications

To be successful in the face of huge industry transformation, Krausz explains that one thing is vital: “Telecommunication organizations need access to more data, more frequently, that is well governed. Data is at the core of what finance does, so being able to make informed decisions, fast, is something that finance needs to drive.”

Business-led and technology-enabled finance transformation

By working with Bell on their finance transformation project from the beginning, KPMG has helped shape the related vision and strategy.

“We started out by helping Bell determine what they wanted to achieve and then translated that into a practical roadmap for implementation,” explains Krausz.

An integral aspect of KPMG’s involvement in the transformation is the combined approach of delivering technology outcomes while bringing a business lens to the table, taking a use case approach.

He adds: “There have been several workstreams that we have been involved in. One that I’m most proud of is intelligent forecasting – we were able to develop AI models which use both internal and external data sources to produce forecasts. These not only improved forecast accuracy, but they also continue to learn and become more accurate over time, and drive efficiency into a process which was previously manual in nature. Another use case was for analytical process automation – significantly reducing the number of manual journal entries as part of the financial close process. This also provided additional granularity from a management reporting perspective given the details were maintained in the data warehouse.”

“A common theme throughout this project with Bell has been our collaboration, working shoulder to shoulder to not only deliver transformation outcomes, but to support the enhancement of Bell’s capabilities, helping to ensure that the teams are well equipped to leverage new technologies,” concludes Krausz.