Case study: Costs Analysis
The TEO Group is part of the TeliaSonera Group and is one of the most experienced business groups in telecommunications in Lithuania. A provider of broadband internet access and telecommunications services, it offers integrated telecommunications, IT and TV services to residences and offices.
The TeliaSonera Group is one of the largest telecommunications companies in the Nordic and Baltic countries, with operations in 20 countries in Europe and Asia. Founded in 1992, it’s a private company focused on the customer and is the clear market leader in internet, data communication and landline services. It has more than 3,200 employees and 700,000 customers.
Thanks mainly to TEO, Lithuania is the country with the highest proportion of next generation fiber optic internet access in Europe according to the Fibre to the Home Council Europe. TEO’s mission is to be the best communications partner in a world that is constantly changing, employing the most innovative technologies and providing its customers with quick and easy access to people, knowledge and entertainment.
TEO needed to calculate the pricing for its services based on allocations using the principles established by the local regulatory body. TEO is an innovative company which uses the latest IT technology. It began an intense search for software that would offer it the greatest opportunities to calculate and analyze costs based on activities as well as the costs of its services and its profitability, while at the same time being compatible with the latest version of Microsoft Windows.
TEO chose the MyABCM solution as the best one for its cost analyses to create a better pricing plan. From the start, MyABCM has proven to be an easy to use and easy to understand cost analysis tool. Consequently, the software’s implementation and training took just 1 week.
The solution’s use in the company has been continually expanding and currently goes far beyond regulatory needs. The MyABCM costing program allows TEO to analyze processes which helps it make more informed decisions. Currently TEO is using the latest version of the application which supports the most advanced methods of costing, thus enabling the firm to make assertive decisions.