Finanzen 09 Dezember, 2022


KWH implemented CCH Tagetik for Financial Close and Consolidation and now perform on-the-fly multi currency conversion and deliver information on time with one source of truth.

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Prior using CCH Tagetik, KWH had several databases and therefore, several truths to the numbers that they wanted to eliminate. For this reason, they replaced their old system (Cognos Controller). 

One of the critical factors in partnering long term with CCH Tagetik were because of the partnership with INTITO in Finland that provided a good supporting during the implementation process. 

KWH implemented the consolidation software and they are currently in the process of implementing the IFRS 16. 

When we asked to Eija why KWH chose CCH Tagetik she answered: 

"CCH Tagetik solution provided the most value in the visualization of the reporting process because when we do the global launch, we have the workflows to utilize instead of writing down the stories and telling people that this is the next step and this is the next phase you need to complete in your process. 

We decided to go for the cloud because we believe that it’s the future solution. 

We’re still developing the project and the implementation further, but, still, we can all really see that we’ve reached the one database, one truth that we wanted. 

And that’s a really good platform to be building the future with. 

I would recommend CCH Tagetik to anyone who wants a good, flexible, modern solution for their consolidation process." 
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