Telecom Italia implemented CCH Tagetik's software solution for Financial Planning, Treasury Planning, Financial Monitoring and Reporting
FinanceSeptember 01, 2017
Telecom Italia
Thanks to CCH Tagetik, we can now quickly respond to the growing ad hoc requests for rich, highly detailed and timely information. The solution is extremely scalable and flexible enough to fit our individual requirements. From a technical standpoint, the solution easily integrated into our group IT architecture and all levels of the group can access the new functionality.
The Challenge
In order to track the structures and level of its financial debt, Telecom Italia quickly realized that it needed to plan in more detail and build a forecast model for cash flows and financial debt structures. In order to eliminate the manual processes of its former Excel-based system, the company wanted to unite these features in a more efficient solution with common rules and parameters.
CCH Tagetik Solution
- Managing information from multiple companies with different currencies
- Aggregating data from multiple organizational levels (holding and subholdings)
- Maximizing scalability
- Ensuring a seamless integration in the group’s IT architecture and key business systems
- Using the developed features throughout the global group
Benefits
Shortened closing process |
Faster closing and report production cycles |
Fast deployment |
Short implementation phase with an intense testing period |
IC reconciliation |
Easy reconciliation and automatic balancing of intercompany relationship |
Better data quality |
Better data quality and more transparent business processes |
Web solution |
Web solution and online validations with direct response |
Successful knowledge transfer |
Fast knowledge transfer through pmOne/CCH Tagetik coaching |
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.
