Company overview With more than 100 million mobile customers, about 39 million fixed-network lines and some 12 million broadband lines, Deutsche Telekom is one of the world’s leading integrated telecommunications companies. It employs approximately 248,000 staff to deliver the full range of modern telecommunications products and services—fixed-network lines, mobile communications and complex IT solutions—from a single source. The company reported 2006 net revenues of EUR 61.3 billion. Deutsche Telekom Business insight through financial master data management drives high performance Business challenge To address dynamic changes in the telecoms market, driven by new network capabilities and demand for more sophisticated services, Deutsche Telekom needed to launch compelling, revenue-generating products quickly and often. To do so, the company needed to maintain continuous readiness to manage and implement change—a strategy that required high quality, predictive business insight to help executives understand the financial impact of acquisitions and disposals. Deutsche Telekom’s finance department decided to consolidate and integrate a wide range of data from disparate financial applications located in business units and newly acquired companies into an SAP-based enterprise resource planning (ERP) solution. This action would increase reporting requirements and complexity of an already disparate, highly complex master data structure. The finance department worked with Accenture to take on the task, simplifying its master data structure and automating corporate accounting to increase timeliness and close gaps in financial data gathering. Particularly, Deutsche Telekom is on the path, as part of its financial operations optimization roadmap, to reduce the time to close its books and report results. Accenture's research shows that finance capabilities enabled through ERP solutions, such as a standardized and automated close across divisions, functions and geographies, both drive and enable high performance.