Rabobank implemented CCH Tagetik’s software solution for Consolidation, Intercompany Matching, ETL, Disclosure Management, Analytics
FinanceSeptember 01, 2022
Full reporting in banking industry with CCH Tagetik: Rabobank Group Case Study
Working with CCH Tagetik has been a perfect fit from day one. The commitment and enthusiasm of CCH Tagetik’s consultants have helped make our project a success.
Rabobank had used the same software for consolidation for over fifteen years. At the beginning of 2012, however, it decided to replace its multiple worldwide installations of Hyperion Enterprise with a single, Web-based consolidation application. Its requirements included:
- Integrated process controls and electronic sign-offs on data
- Guided workflow and task support
- Intuitive end-user tools
- Full audit trails on SOX-critical data
- Enhanced reporting and analysis tools
CCH Tagetik CPM Solutions
- One unified, Web-based, out-of-the-box solution
- Decentralized intercompany matching process
- Extensive security, process support and audit trail
- Scalability for management accounting and budget processes
- Support for multiple reporting needs
Main advantages Rabobank Group gains with the implementation of CCH Tagetik CPM solutions
Table title
Higher data consistency and quality |
The single Web-based application improved the consistency/quality of its data to streamline the entire process and a faster close |
More correct, consistent dataRS 15 |
The financial controlling department now receives more correct, consistent data, which it uses for analysis |
Better controls through built-in workflow |
Thanks to the integrated process controls, Rabobank minimized the manual work involved in the consolidation process |
Accuracy of the information |
The heart of the application is a guided, step-bystep submission process with strict validations for monthly/annual information |
Train-the-trainer program |
CCH Tagetik and Rabobank later developed a train-the-trainer program so that users could conduct further trainings internally on their own |
FINREP |
Rabobank extended its application in 2014 to include the new FINREP regulatory reporting requirements |
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