Nexthink

Nexthink is focused on optimizing digital experience for employees worldwide. With real-time visibility into technical performance and employee sentiment across devices, applications, and networks, IT teams can see and solve problems faster. The Company is headquartered in Lausanne and Boston and has regional offices in Dubai, Frankfurt, Paris and London.

In 2018 the finance team faced the challenge of reporting according to the international accounting standard IFRS 15. Since these requirements could not be met with the existing consolidation solution, the team began to investigate new solutions to support them. The main criteria for the solution was that it needs to be able to support processes based on the IFRS 15 requirements.

CCH Tagetik Solution

CCH Tagetik’s specific IFRS solution portfolio included a key feature: the ability to cover processes such as all data acquisition, calculations and reporting in an automated way with access to preconfigured, compliant data models. This feature provides the ability to calculate revenue and manage revenue recognition in accordance with many IFRS requirements.

The implementation started with an intensive workshop on site at Nexthink’s headquarters in Lausanne, Switzerland. In this initial session, all essential aspects of the implementation were discussed and planned in detail. Nexthink used CCH Tagetik for the first time for the 2018 financial year to map the IFRS 15 regulations.

Benefits