Generali Participations Netherlands implemented CCH Tagetik’s software solution for Group Reporting, Financial Statements, Corporate Income and Value Added Tax and CCH Tagetik Analytic Information Hub.
Finance01/09/2017 12:00:00 AM
Generali Participations Netherlands
Using our old method, we would never have been able to create the reports that we now submit to our head office by using CCH Tagetik. Now, we can get more work done with fewer actions and in less time. On top of that, the results are more accurate.
The Challenge
Generali Participations Netherlands (GPN) invests in and manages insurance companies that are part of the Generali Group, one of the world's largest insurance company groups. Each month GPN submits reports of all investments to the head office in Italy. GPN used to create 18 different monthly reports, each containing dozens of data categories in which the data were manually entered using Excel.
CCH Tagetik Solution
GPN was looking to establish a single source for all our information in order to better facilitate the creation of reports. With the CCH Tagetik Analytic Information Hub, GPN has integrated all metadata and current data – both transactional and operational – within a single database. Thus enabling the company to quickly and easily create reports.
Benefits
Table title
Create investment reports with more ease |
With the CCH Tagetik Analytic Information Hub, GPN has one single source for all investment-related data. |
Minimize the amount of manual and error-sensitive work |
with fields that can be entered from a drop-down menu. |
Gain more control over report version management |
Version and progress management has been fully streamlined. |
The quality and accuracy of the reports has greatly increased |
CCH Tagetik enabled GPN to merge a number of reports with more information then before. |
The entire reporting process takes 75% less time |
the reports almost immediately meet the requirements of Generali Group parent company. |
User-friendly and intuitive interface, fast adoption by users |
CCH Tagetik has the same look and feel as Excel so you can quickly get the hang of the new system with no error thanks to the drop-down menu. |
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.
