It's a critical Boardroom issue. The boxes must be ticked.
Legal & Regulatory TCG Drivers
The regulations surrounding the telecommunications industry vary from one country to another - some are governed by industry regulators such as Ofcom whose monitoring includes enforcement of license conditions and subscriber protection. This often deals with matters such as network systems problems and billing errors.
Many companies must also comply with financial regulations such as Sarbanes-Oxley (SOx 404), which scrutinise financial reports for accuracy, holding stakeholders responsible for demonstrating proper internal controls over the compiling of financial information.
It is also important to note that even in regions and companies not governed by these regulatory bodies, the Chief Financial Officer (CFO) or equivalent, is still legally obliged to take all reasonable steps to maintain shareholder value. This includes minimising churn, minimising costs and billing for all revenue.
Many network operators also have contractual obligations to VNOs and other partners, including the timely delivery of accurate event detail records to facilitate subscriber billing, and records for event cost charging.
In summary some of the key drivers for implementing a Legal or Regulatory TCG strategy include
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| - | Local regulation commitments (EU, Ofcom, ACIF, TRAI) |
| - | Corporate listings (SOx 404) |
| - | Accurate reporting and maintaining shareholder value |
| - | Contractual commitments (MVNO, partners) |
| - | Transparency and confidence through independent assurance |
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Legal & Regulatory Solutions
Roscom's expertise in these areas has come through years of close partnership with our clients and regulatory bodies. Working alongside customers to ensure their transparency and accuracy of reporting we have designed bespoke reports that assist them in meeting their regulatory requirements.
Offering the first BABT* attested system of its kind Roscom will ensure your company can prove its integrity KPIs and satisfy all financial obligations. Our Osprey TCG solution is an effective tool towards legal and regulatory compliance, providing end-to-end reporting from subscriber to invoice of true subscriber activity, targeted to revenue and risk coverage.
We can help to deliver on your legal compliance obligations with all the major regulatory bodies including SOx, Ofcom, ACIF and TRAI offering accurate reporting and giving your company peace of mind.
