Banyan Group modernizes consolidation with a cloud-based finance platform

As Banyan Group expanded its global operations, managing financial consolidation across dozens of legal entities, multiple currencies, and different accounting standards became increasingly complex.
The organization needed a modern solution that could support multi-GAAP reporting, streamline consolidation processes, and reduce reliance on legacy systems that had become difficult to maintain.

By implementing CCH Tagetik Financial Close and Consolidation, Banyan Group established a scalable, cloud-based platform designed to simplify complex consolidation and strengthen financial governance across the organization.

The new solution enables Banyan Group to manage consolidation and reporting across more than 80 legal entities operating in 17 countries, while improving control, accuracy, and efficiency within the finance function.

Since implementation, the organization has accelerated its financial close by approximately five working days and strengthened the reliability of its group reporting processes.

Download the full case study to learn how Banyan Group:

• Accelerated its financial close by up to five days
• Simplified consolidation across a complex global structure
• Enabled multi-GAAP reporting in a single platform
• Built a foundation for future finance transformation initiatives