Royal Haskoning DHV implemented CCH Tagetik’s software solution for Management Reporting, Consolidation, Budgeting, Cash Flow & Annual Reporting
Finance1/09/2017 12:00:00 AM
Royal Haskoning DHV
The implementation of CCH Tagetik improved consolidation, reporting and analysis at Royal HaskoningDHV. In 2012 the companies Royal Haskoning and DHV merged.
During the integration process CCH Tagetik has clearly proven its added value. The system is flexible and user friendly. In a very short time we have been able to redesign our entire reporting system.
During the integration process CCH Tagetik has clearly proven its added value. The system is flexible and user friendly. In a very short time we have been able to redesign our entire reporting system.
The Challenge
End of February 2012 Royal Haskoning and DHV officially announced the intention of a merger. From a corporate performance management perspective one of the main challenges was to create one Annual Report for 2012. At the same time the corporate performance management system had to be adapted to the new management and legal structure of the company by the start of 2013.
CCH Tagetik Solution
Given the fact that Royal HaskoningDHV already experienced CCH Tagetik and that the software had clearly proven its added value, CCH Tagetik was embraced as a best practice. The implementation to one single Group Reporting System covered multiple phases: redesign, integration, validation of the historical data and providing go live support.
Royal HaskoningDHV trained people worldwide by several web-sessions and gave local trainings to the end users at their headquarters.
Benefits
Table title
One single group reporting system |
One single system for management and financial reporting with worldwide access |
Rapid data collection |
Significant increase of the data collection speed |
Significant reduction in manual processes |
Reduced manual data entry and reporting due to the software’s built-in functionality |
Better data quality |
Improved quality and efficiency of the closing process |
Significant time savings |
Automatic equity pick-up saves a lot of time during the consolidation process |
Ease of use |
User-friendliness and optimized process |
Financial Close & Consolidation
Manage your financial close and consolidation with CCH Tagetik's software from local close to group consolidation to regulatory reporting and disclosure.
