Background:

AT&T is a leading telecommunications company operating throughout the United States and internationally. With multiple regional offices managing budgets independently, the company faced challenges in achieving a cohesive overview of its Corporate Facilities Management budget. The lack of data-driven decision-making hindered effective budget management and forecasting across the six US regions.

Result:

Comprehensive System Built for Managing a $2.2 Million Budget Across 6 Regions.

The implementation of a comprehensive budgeting and forecasting system led to significant improvements:

• Unified Budget Management: A system was built to manage a total budget of $2.2 million for Corporate Facilities Management across six regions.
• Enhanced Data Visibility: The new system provided insights into budget performance, allowing regional managers to see trends and identify high-performing areas.
• Informed Decision-Making: Data-driven decisions were implemented across regions, optimizing budget allocations and forecasting processes.

Process:

While auditing the business we identified key opportunities where the lost revenue can be recovered and new revenue can be tapped into.

01

System Development: Created a centralized system that consolidated budget data from all six regions.

02

Data Collection and Analysis: Integrated data from various sources, allowing for real-time visibility into budget performance and spending trends.

03

Standardization of GL Categories: Established standardized General Ledger (GL) categories to facilitate uniform reporting and analysis across all regions.

04

Regional Insights: The system enabled regional managers to access performance metrics, identifying areas of efficiency and those needing improvement.

05

Performance-based budgeting for scale: The system established a performance-based budgeting approach, where budgets were allocated based on the success and efficiency of individual regions. By analyzing historical data and current performance metrics, AT&T could make informed decisions on where to invest more heavily and where to cut back.