How SEACOM Achieved IFRS 15 Compliance in Two Weeks with Solver


Company: SEACOM
Industry: SaaS
ERP: Acumatica
Use Case: Reporting, Analysis 
Seacom_Case Study

“With Solver’s reporting, planning and data warehouse tools, SEACOM was able to achieve a reliable and trusted plan that had the support of the business and the flexibility to cater for various scenarios with the most up-to-date information.”

Warren Wilbraham, Global Head of Finance, Seacom

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Building a Compliant, Trusted Planning Process on Acumatica

The Problem

SEACOM's finance team relied on manual spreadsheets to manage long-term contracts and new IFRS 15 revenue recognition requirements. With up to 50 percent of revenue tied to these contracts, inconsistent spreadsheet versions created errors and eroded trust in the annual planning process.

The Solution

Solver's implementation team worked directly with SEACOM's finance staff to build a revenue recognition solution on Acumatica within two weeks. Solver's Planning and Data Warehouse tools replaced the spreadsheet process, giving Seacom a single, controlled source for its annual budget and forecast.

The Result

The new process gave SEACOM's auditors verifiable proof of revenue and deferred revenue balances, and gave finance leaders full visibility into budgets, forecasts, and actuals by business unit, cost center, and currency, restoring confidence in the annual planning cycle.