Key takeaways:

  • Customers strengthened financial close and consolidation through trusted data, connected workflows and consistent governance across finance. 
  • Customers replaced unsupported or fragmented legacy systems with a single, trusted foundation for financial data and processes. 
  • Finance teams reduced manual work, strengthened control and improved the consistency and transparency of reporting. 
  • Organizations expanded beyond consolidation to connect planning, tax, ESG and regulatory reporting on one platform. 
  • These customer stories show how CCH Tagetik supports different financial close and consolidation requirements, from replacing legacy systems to managing complex reporting environments. 

How do companies transform financial close and consolidation with CCH Tagetik?

Companies transform financial close and consolidation with CCH Tagetik by replacing fragmented legacy systems and manual processes with a unified, governed finance platform. Customer experiences show how organizations can connect consolidation, reporting, planning, tax and ESG processes, improve data quality and control, reduce manual work and give Finance more time for analysis and strategic decision-making.

Every organization starts from a different point, from replacing an unsupported legacy system to accelerating the close or connecting consolidation with broader finance processes. The following customer stories show how companies across industries have addressed these priorities with CCH Tagetik.

Financial close and consolidation transformation in practice 

toyota menu customer hub planningDayco

member 1st menu customer hub planning
Cirrus Logic

agfa menu customer hub planningOrkla

imgHeidelberg Materials

                   toyota finance logo


Industry: Automotive
Region: North America
Current software: CCH Tagetik Financial Close and Consolidation and Account Reconciliation
CCH Tagetik customer since 2016
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How Dayco accelerated its financial close from nine days to six 

For Dayco, improving the financial close meant finding a solution that could adapt to the specific requirements of its business. The automotive manufacturer needed to increase efficiency, access reliable data more quickly and present that information effectively to support strategic decision-making.

With CCH Tagetik, Dayco configured its consolidation and account reconciliation processes around the way its business operates. By using financial data more efficiently and improving how that data is presented, the company reduced its close from nine days to six.

Since utilizing CCH Tagetik, we’ve been able to expedite our financial close process from a 9-day close to a 6-day close. That improvement really comes from leveraging more efficient data utilization and presenting that data in a way that allows management to make timely and strategic decisions. It’s been a game-changer for our month-end reporting.
Clay Turner
Technical Accounting Manager at Dayco Incorporated
  • Financial close challenges
  • Results with CCH Tagetik
  • Need to improve financial close efficiency
  • Need to access reliable data more quickly
  • Consolidation processes had to reflect the specific requirements of the business
  • Account reconciliation formats needed to accommodate the company’s processes and unique characteristics
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dayco thumbnail
  • Financial close reduced from nine days to six
  • Consolidation configured around the needs of the business
  • More efficient use and presentation of financial data
  • Account reconciliation personalized to match Dayco’s requirements
  • An intuitive and user-friendly experience
  • Guidance and support throughout the implementation
Customer Interview | 
Discover more about Dayco's finance transformation

The transformative power of CCH Tagetik for Dayco

Summary

Dayco configured CCH Tagetik around its consolidation and account reconciliation requirements, helping the finance team use data more efficiently and reduce its financial close from nine days to six.

Close completed three days faster

Consolidation configured around the business

Flexible account reconciliation processes

Ready to accelerate your financial close?

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Industry: Manufacturing - Electronics
Region: North America
Previous system: SAP BPC
Current software: CCH Tagetik Financial Consolidation, Planning and Forecasting
CCH Tagetik customer since 2024
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How did Cirrus Logic replace SAP BPC and unify its finance processes?

As Cirrus Logic continued to grow, critical finance processes were spread across multiple systems. Planning and consolidation resided in SAP BPC, while other finance activities were managed separately. This created complexity, duplicated effort and an ongoing need to move and reconcile data between applications.

With SAP BPC approaching end of life and the company preparing for its transition from SAP ECC to SAP S/4HANA, Cirrus Logic chose to do more than replace an existing application. It consolidated planning, financial consolidation, analytics and reporting on CCH Tagetik while maintaining SAP as its transactional backbone.

We wanted to have everything in one system and a single source of truth. We didn’t want data reconciliation between systems and constantly moving data from one application to another.
Sriramprasad Vaidyanathan
Senior Manager, Finance Systems & Analytics at Cirrus Logic
  • Finance transformation challenges
  • Results with CCH Tagetik
  • Planning and consolidation managed in SAP BPC
  • Other finance processes spread across separate systems
  • Manual movement and reconciliation of data between applications
  • A SAP BPC environment approaching end of life
  • Dependence on IT for data access and process execution
  • Need to align finance transformation with the SAP ECC to SAP S/4HANA roadmap

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cirrus logic thumbnail
  • Critical finance processes unified on a single platform
  • A trusted source of data across planning, consolidation, analytics and reporting
  • Reduced dependence on IT through finance-owned processes and data access
  • Process-driven workflows that simplify execution and user onboarding
  • Wider participation in planning through a familiar Excel-based experience
  • A scalable foundation for forecasting, analytics and future AI initiatives
Customer Interview | 
Hear more about Cirrus Logic's finance transformation
Case Study |
Read more about Cirrus Logic's journey with CCH Tagetik

The transformative power of CCH Tagetik for Cirrus Logic

Summary

Cirrus Logic replaced SAP BPC with CCH Tagetik, bringing planning, consolidation, analytics and reporting together on a single platform integrated with SAP.

One trusted source of
finance data

Greater finance ownership and
less IT dependency​

A scalable foundation for analytics and future innovation

Your finance transformation could be next.

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Industry: CPG
Region: Europe
Pre-transformation system: Oracle Hyperion Financial Management
Current software: CCH Tagetik Financial Close and Consolidation, ESG and Sustainability Performance Management, and Global Minimum Tax
CCH Tagetik customer since 2020
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How did Orkla connect financial consolidation, tax and ESG reporting on one platform?

Orkla began its transformation by replacing an outdated consolidation system with CCH Tagetik. The organization adopted advanced consolidation capabilities, including the intercompany cockpit, journals, categories and multiple hierarchies, creating a flexible reporting structure for a large and complex group.

Building on this foundation, Orkla expanded its use of CCH Tagetik to support CSRD sustainability reporting, Country-by-Country Reporting and Pillar Two. Because these processes operate through one platform and a consistent data model, information can flow across consolidation, tax, ESG and regulatory reporting without duplicate entries or manual transfers.

Choosing a platform solution like CCH Tagetik has provided significant value through seamless integration between the various modules.
Anne Marit Kolskogen
Senior Tax Manager at Orkla ASA
  • Consolidation and regulatory reporting challenges
  • Results with CCH Tagetik
  • An outdated consolidation system no longer supported by the supplier
  • Complex geographical, business and legal structures
  • Reporting requirements across Local GAAP, IFRS and group adjustments
  • Expanding sustainability, tax and regulatory reporting requirements
  • Need to avoid disconnected point solutions and duplicate data transfers
  • Need for a flexible platform that could accommodate organizational and regulatory change
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orkla thumbnail
  • A modern consolidation system with advanced functionality
  • A stable and adaptable core data model
  • Improved transparency, traceability and internal control
  • Less manual effort through capabilities such as journal carry forward
  • Consistent data across consolidation, tax, ESG and Pillar Two processes
  • Expansion into CSRD and Country-by-Country Reporting
  • A scalable approach that supports additional modules and requirements over time
Customer Interview | 
Hear Orkla's platform story

The transformative power of CCH Tagetik for Orkla

Summary

Orkla built its consolidation transformation to connect financial close, tax, ESG and regulatory reporting through one consistent data model and an integrated platform approach.

One financial workspace across reporting, consolidation and planning

Less manual effort and reconciliation across finance processes

A trusted data foundation for future-ready finance

Ready to connect more of finance?

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hastings deering

Industry: Manufacturing - Building Materials
Region: DACH
Previous system: Legacy consolidation and management reporting systems 
Current software: CCH Tagetik Budgeting, Planning and Forecasting and CCH Tagetik Financial Close and Consolidation
CCH Tagetik customer since 2022
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How did Heidelberg Materials unify financial consolidation, reporting and planning?

Operating across approximately 50 countries and managing around 1,000 legal entities, Heidelberg Materials needed a consistent and controlled approach to consolidation, reporting and planning. Separate systems for consolidation and management reporting required additional effort to reconcile data, maintain reporting structures and ensure consistency across finance processes.

Rather than pursuing a like-for-like replacement as its legacy consolidation technology approached end of support, the company chose to rethink its end-to-end reporting environment. By bringing consolidation, legal and management reporting, planning, forecasting and data collection together in CCH Tagetik, Heidelberg Materials created a unified financial workspace based on shared data and common governance.

The benefit is that you have one financial workspace where all financial people are working together. It’s a more joined-up process, and we avoid parallel reporting and data collection processes, which also reduces the workload in the countries.
Carsten Wendt
Group Director Reporting, Controlling & Consolidation at Heidelberg Materials
  • Finance transformation challenges
  • Results with CCH Tagetik
  • Separate systems for consolidation and management reporting
  • Additional effort required to reconcile data and maintain reporting structures
  • Manual data collection and limited ERP integration
  • Legacy consolidation technology approaching end of support
  • Need for greater consistency, transparency and control across finance processes
  • Need to connect Legal Reporting and FP&A in a unified environment
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heidelberg materials thumbnail
  • One financial workspace for consolidation, reporting, planning and forecasting
  • A single trusted source of financial data
  • Improved data consistency, transparency and governance
  • Reduced manual adjustments and reconciliation effort
  • Streamlined ERP integration and financial data collection
  • Stronger alignment between Legal Reporting and FP&A
  • More than 20 countries directly interfacing ERP data with CCH Tagetik
  • Around 1,000 legal entities managed through a unified consolidation and reporting environment
  • A governed financial data foundation for future AI-enabled finance transformation
Case Study | 
Read the Heidelberg Materials customer story

The transformative power of CCH Tagetik for Heidelberg Materials

Summary

Heidelberg Materials brought consolidation, legal and management reporting, planning, forecasting and financial data collection together in CCH Tagetik. The unified financial workspace provides finance teams with trusted data, common governance and a single point of contact for critical reporting and performance management activities.

One trusted source of financial data

Stronger alignment between Legal Reporting and FP&A

Less manual reconciliation and data collection

Ready to bring reporting, consolidation and planning together?

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Modernize Financial Close and Consolidation with CCH Tagetik 

Move from fragmented systems and manual reconciliation to a trusted foundation for faster, more controlled financial close and consolidation.

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