Telkom Indonesia, Jakarta, Indonesia: Implementation of Accounting Flow System (AFS) to Improve Enterprise Segment Project Profitability Management

Company: Telkom Indonesia, Jakarta
Company Description: PT Telkom Indonesia (Persero) Tbk (Telkom) is a state-owned information and communications technology enterprise and telecommunications network in Indonesia. The Government of Indonesia is the majority shareholder with 52.09 percent shares while the remaining 47.91 percent shares belong to public shareholders
Nomination Category: Product & Service Categories - Content & Content Technology Solutions
Nomination Sub Category: Solution for Integrating Content into the Workflow

Nomination Title: Implementation of Accounting Flow System (AFS) to Improve Enterprise Segment Project Profitability Management

Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the the nominated new or new-version product or service, OR written answers to the questions for this category? (Choose one):
A video of up to five (5) minutes
If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.

Links of Materials:

1. Video Presentation :

https://drive.google.com/file/d/1HPoeQdTn2rYyR-n2RGTIg0mWM6LLUKkU/view?usp=sharing

2. Presentation :

https://drive.google.com/file/d/14e2U4EXZLQm6QKdhvFC4f8OSmklBO1_H/view?usp=sharing

3. Essay :

https://drive.google.com/file/d/13TkC2__gdbAGJkiJEiU3ZbCkGSEns9ie/view?usp=sharing

4. Supporting Doc - Accounting Flow :

https://drive.google.com/file/d/1clguidDxVXuVfKp3jQfW5N5Vj4gOn687/view?usp=sharing

5. Supporting Doc - AFS Framework :

https://drive.google.com/file/d/1LDRva9lcAnvYSpbhf3ksk57Ojjhh0PM6/view?usp=sharing

6. Supporting Doc - Blueprint :

https://drive.google.com/file/d/1I9WLelPgYC3NC_BtWJxOJFW2KGrUYbR4/view?usp=sharing
If you are providing written answers for your submission, you must provide an answer to this first question: If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released:

January 2020
If you are providing written answers for your submission, you must provide an answer to this second question: Describe the features, functions, and benefits of the nominated product or service (up to 350 words):

Total 122 words used.

Accounting Flow System was developed to surmount the inability to perform profitability analysis. Therefore, The AFS provides modules as follow:
a. Cash In Report to show details of each Customer Contract
b. Cash Out Report to provide detailed information about Supplier Contract
c. Linkage for Customer Contract and Supplier Contract complete with attributes

This system integrates a bunch of major system related to sales funnel namely NCX for Customer Contract, SM for Supplier Contract, TIBS for billing data, TREMS for customer payment and SIMTEL for Account Payable details. All related data will be managed under a Work Breakdown Structure (WBS). The WBS created is used as primary key on every transaction which could lead us to a comprehensive report for every project.
If you are providing written answers for your submission, you must provide an answer to this third question: Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):

Total 234 words used.

The main users of this system are Business Unit Divisions (BUD) and Finance Centre Business Partner (FCBP) Unit. By implementing AFS for every non-connectivity project, there are some improvements in the existing business process. The implementation has both financial and non-financial benefits for the company, such as:

1. Profitability aspect

a. Enhance the control of project profitability per customer

b. Enhance the visibility of vendor’s productivity

c. Reach the cumulative cost saving for Enterprise Segment, resulted in 12% increased of EBIT margin in 2020 compared to 2019.

2. OPEX Management aspect

a. Accelerate vendor invoicing process, hence improving Subsidiaries’ AR Aging performance by 12% in 2021 compared to 2020.

b. Optimize current year budget realization by having a single database of outstanding expenses due to be paid to vendors.

c. Formulate better annual plan considering outstanding expenses based on data generated from the system while finding the best fit whilst maintaining cost to revenue ratio.

Since going live in January 2020, the projects recorded have been increasing every year. During 2020, 13,559 items were recorded and in 2021 there were 12,798 additions of WBS.

The numbers will continue to grow every year, hence shows that users have been consistently using this system as a powerful tool to track the profitability of non-connectivity projects. In the future, there will be several enhancements to make the system more reliable depending on further identified challenges.
You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):

Total 5 words used.
https://drive.google.com/drive/folders/1CGDUgz8PP5rVd-IikTArs6HDZYKYOl5-?usp=sharing

Attachments/Videos/Links:

Implementation of Accounting Flow System (AFS) to Improve Enterprise Segment Project Profitability Management
	S63___Implementation_of_Accounting_Flow_System_AFS_to_Improve_Enterprise_Segment_Project_Profitability_Management___Essay.docx
	S63___Implementation_of_Accounting_Flow_System_AFS_to_Improve_Enterprise_Segment_Project_Profitability_Management___AFS_Framework.pdf
	S63___Implementation_of_Accounting_Flow_System_AFS_to_Improve_Enterprise_Segment_Project_Profitability_Management___Blueprint.pdf
	S63___Implementation_of_Accounting_Flow_System_AFS_to_Improve_Enterprise_Segment_Project_Profitability_Management___User_Manual.pdf
	S63___Implementation_of_Accounting_Flow_System_AFS_to_Improve_Enterprise_Segment_Project_Profitability_Management___Accounting_Flow.pdf
	S63___Implementation_of_Accounting_Flow_System_AFS_to_Improve_Enterprise_Segment_Project_Profitability_Management___Presentation.pptx
	S63___Implementation_of_Accounting_Flow_System_AFS_to_Improve_Enterprise_Segment_Project_Profitability_Management___Video_Essay_Edited.mp4