Brembo implemented CCH Tagetik’s software solution for Financial Close and Fast Close, Consolidation, Capital and Financial Planning, Management Reporting, Statutory & Financial Reporting
FinanceSeptember 01, 2017
Brembo
In the course of our subsequent deployment of CCH Tagetik, we have established a very constructive CIO/CFO relationship. This step has been pivotal – both in building the bridge between business and technology as well as a strong partnership between Brembo and CCH Tagetik. Through CCH Tagetik, we know the value of managing complex financial processes in a unified solution that is fully integrated with Microsoft technologies.
The Challenge
Brembo is a global leader in the field of high-performance disc brake technology with operations on three continents, production facilities in sixteen countries, and sales channels in seventy nations worldwide. The group has incrementally deployed a comprehensive software environment that unifies multiple processes including financial close and fast closing, statutory and management consolidation, group financial reporting as well as budgeting, capital and financial planning.
CCH Tagetik Solution
Brembo took advantage of the subsequent developments in CCH Tagetik over the years to streamline its closing, consolidation and reporting processes.
The solution, which was initially comprised of two separate environments, gradually evolved into a single application based on a unified pool of statutory and management data. This data is standardized – for example, with a common chart of accounts and structures – yet flexible enough to accommodate the specific requirements of different geographical regions, business divisions or even 200 single cost centers. With CCH Tagetik, Brembo can now flexibly support its increasingly dynamic reporting requirements while utilizing highly granular data for financial analysis.
Benefits
Streamlined closing, consolidation & reporting |
Unify statutory and management reporting processes within the same application environment |
Structured capital and financial planning |
Automated reporting on actual and forecast levels to support the processes of capital and financial planning |
Dynamic reporting |
Highly granular data for financial analysis |
Seamlessly integration |
Maximum integration with Microsoft technology (e.g. Dynamics AX) |
Built-in capabilities |
Users appreciate the software’s built-in capabilities for running various what-if scenarios |
Reduction of manual financial processes |
More time to activities that add value to the business and drive performance |
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.
