BNP Paribas can now find insights faster with plans and trusted actual data in CCH Tagetik's Financial Platform

BNP Paribas is a leading European banking group headquartered in Paris that was facing significant challenges in managing and reconciling financial information across its various business lines and geographic regions.

CCH Tagetik financial modelling allowed BNP Paribas to easily assess different business scenarios, instantly see the impact on financial performance, and generate rolling forecasts. 

What were the main challenges BNP Paribas was facing?

Leading organizations as BNP Paribas must process large volumes of data quickly and deliver actionable insights across business units and geographies. 

Marc Irubetagoyena, Head of Group Stress Testing and Financial Simulations at BNP Paribas, explained that BNP Paribas’ previous solution, based on Oracle Essbase, presented challenges in data reconciliation and scalability, forcing them to make a lot of quick fixes, that were difficult to sustain.

Why did BNP Paribas choose CCH Tagetik?

By adopting CCH Tagetik Corporate Performance Management (CPM), BNP Paribas achieved significant improvements in:

• Data integration and reconciliation across regions and business lines
• Simplification of IT architecture through progressive implementation
• Agile delivery cycles that supported rapid deployment and evolution
• Financial modeling capabilities that empower performance management teams

BNP Paribas started with the budgeting process, a high-volume and complex use case, and later expanded to actuals and financial modeling, handling even larger datasets and more intricate workflows.

Key benefits of CCH Tagetik include:

• Fast implementation
• High reliability
• Scalable architecture
• Strong support for financial innovation

CCH Tagetik has become a strategic partner in BNP Paribas’ digital finance transformation, enabling them to align performance management with business strategy.