The Revenue reporting assurance is important to mitigate the root cause areas of leakage such as incorrect treatment of revenue streams, incorrect revenue accounting, reporting errors etc. If not followed it leads to challenges like
- Lack of understanding of Accounting guidelines received from governing bodies like GAAP / IFRS resulting in delays in accounting the revenue
- Incorrect configuration of business logics and GLs across systems like Charging / Billing / Data Warehouse causing reporting errors
- Absence of controls performed by secondary control owners results in poor visibility of the revenue numbers reported to Management
- Irregular update or inaccurate maintenance of existing reports resulting in errors in revenue accounting across revenue streams
- Incorrect booking of Invoices and inadequate process followed by operators for booking voucher sales
- Inadequate tracking of voucher and SIM sales due to absence of voucher management process / system
- Incorrect mapping of invoices to GL for postpaid revenue accounting
