- Valtatech to implement, integrate and manage, a new Source to Pay (S2P) technology platform for the largest telecom operator in the Solomon Islands
MELBOURNE, January 12 – Solomon Telekom Company Limited (Our Telekom), the largest telecom operator in the Solomon Islands, has chosen financial process automation experts, Valta Technology Group (Valtatech), to implement, integrate and manage a Source to Pay solution to drive automation across its accounts payable, financial and procurement processes.
Solomon Telekom Company Limited, trading under the name Our Telekom, sets the pace for innovative digital transformation in the region. Enabling faster and improved mobile and internet services for communities scattered throughout more than 900 islands within the Solomon Islands archipelago. Valtatech will manage its companywide Coupa Business Spend Management technology implementation, with the aim of automating its source to pay (S2P) and expense management systems.
Arthur Yen, Our Telekom’s CEO, comments: “Valtatech’s spend management implementation is central to Our Telekom’s efforts to digitally transform our business. Future proofing many costly, manual processes and building the resiliency into the business that our customers demand. We have made significant investments to bring in innovative technology to support our supplier ecosystem. By leveraging the best-in-class tools offered by Valtatech and Coupa, we can offer our suppliers a complete end-to-end S2P process – from when they submit an invoice, through to payment – which enables us to build strong, mutually beneficial relationships with them, and eliminate inefficiencies.”
Valtatech will configure, implement, and manage the implementation. Enabling the national telecom operator to drive efficiencies and gain control over its previously manual sourcing systems. Improving the operator’s business resilience and control over spend; while boosting its ability to satisfy audit demands and reduce costs. Providing the visibility and insight its back-office teams require to improve risk mitigation, streamline spend approvals and improve governance.
S2P and P2P technology process expert and founder of Valtatech, Jussi Karjalainen, says: “Gone are the days when any organisation’s sourcing process can be entirely manual. Requiring manual keying of information, with its inherent data entry quality risks. Valtatech’s leading, non-disruptive approach, alongside Coupa’s technology and experience, are the perfect fit for Solomon Telekom. Our partnership with Solomon Telekom will ensure its team can leverage the best people, processes and technology to transform their finance function, and we look forward to helping them to build their back-office capabilities further in the future.”
Valtatech will help Solomon Telekom to realise a full end to end, automated S2P process. Giving the organisation the tools to increase automation and ensure compliance, while driving cost savings and achieving better spend visibility and management across its back-office function. Controlling spend via a single, unified platform, Valtatech will also be implementing a new e-invoicing solution, which will enable paperless e-Invoicing adoption, particularly among Solomon Telekom’s customers and partners, who traditionally submit handwritten or scanned PDF invoices. Enabling more spend to be conducted digitally via purchase orders.
Valtatech’s team of experts have completed more than 80 Finance and Procurement transformation and Shared Services projects, in Europe and in the Asia Pacific. Leveraging the latest technology and their expertise to deliver and implement some of the most recognised S2P, P2P, finance and back office automation projects in the region.