Many corporations struggle with fragmented system landscapes, manual Excel processes, and increasing regulatory requirements in financial reporting.
The consequence:
CCH Tagetik integrates consolidated financial statements, planning, and reporting into a central platform. This allows companies to create a single source of truth for their financial data and simultaneously accelerate their closing processes.
As a consulting partner, we support you in optimally integrating CCH Tagetik into your finance IT architecture.
Result: Finance gains time for analysis and control instead of data maintenance.
Heterogeneous ERP and data sources: Heterogeneous ERP/upstream systems cause manual consolidation effort, inconsistencies, and low transparency in group reporting.
Complex corporate structures: Multi-tiered ownership structures, international subsidiaries and differing accounting standards significantly increase the complexity of group consolidation.
Extensive intercompany reconciliations: Intercompany transactions often cause reconciliation discrepancies between companies and lead to time-consuming manual clarification processes.
Audit and Compliance: Increasing regulatory requirements necessitate transparent, traceable and auditable closing processes within the group.
Heterogeneous ERP and data sources: CCH Tagetik automatically integrates data from various source systems into a central financial data model and ensures a consistent data basis for group reporting through validation rules.
Complex corporate structures: CCH Tagetik enables the flexible mapping of complex group structures and supports parallel consolidations according to different accounting standards within one platform.
Extensive intercompany reconciliations: Integrated intercompany workflows and automated elimination logics identify differences early and significantly reduce manual reconciliation efforts.
Audit and Compliance: Workflow-driven processes and complete audit trails ensure audit-proof documentation of all consolidation and reporting steps.
CCH Tagetik is a Corporate-Performance management platform to support group consolidation, planning, reporting and financial analysis.
The solution is particularly suitable for medium-sized companies and large corporate groups with complex reporting and consolidation requirements.
Yes, CCH Tagetik can be seamlessly integrated into SAP systems such as SAP S/4HANA.
We provide technology-neutral advice and support companies in selecting the right consolidation solution for their requirements.
