Read this blog to learn how CCH® Tagetik has transformed closing procedures for Unicoop Firenze
Unicoop Firenze is a consumer cooperative born and raised in Tuscany. It uses CCH® Tagetik for:
- CCH® Tagetik Budgeting & Planning
- CCH® Tagetik Cash Flow Planning
- CCH® Tagetik Collaborative Office
To learn more about how CCH® Tagetik has enabled Unicoop Firenze’s digital transformation, we spoke with Mario Cinelli, Software Analysis Manager, about the challenges faced before CCH Tagetik and the benefits gained using our comprehensive CPM solution.
Which applications do you run?
We have several CCH Tagetik applications in Unicoop Florence: the monthly closing through which we produce the monthly income statements of the upstream cost centres related to our warehouses, sales network, and even those of our individual departments.
Each monthly closing produces approximately 2.5 million records. In addition, there are two other statutory closings, linked to the financial statements. In support of this application, we have a specific Collaborative Office module that allows us to support the income statements with the appropriate supplementary notes.
We then have a Budgeting and Forecasting module divided into two macro applications: a commercial budget as well as the cost budget. These modules natively interface with the closing application. Finally, we also have an integrated three-year planning module.
Has CCH® Tagetik enabled you to achieve your goals?
Over the years, CCH® Tagetik has allowed us to achieve our pre-set goals. Until a few years ago, it was unthinkable to be able to produce our sales network departmental income statements on a monthly basis.
Also in terms of efficiency, the results that we have obtained are exceptional. The pure overall closing procedures process the complete results for all operations in about 40 minutes. CCH® Tagetik has also allowed us to simplify and speed up our forecasting process, in keeping with our objective of a continuous monthly rolling forecast.
We are also experimenting with the Predictive Analysis module. This module has given extremely reassuring results from the outset, in terms of data output quality, simplicity of modelling, and maintenance.
What are the main strengths of CCH® Tagetik?
If I had to focus on three strengths, I would cite ease of use, which is ongoing and, in the case of new resources, that it allows for speedy training, then also robustness of the application, and outstanding functionality.
Do you want to watch the full video interview? Click here.