Zuegg
The challenge
Founded in 1860 and headquartered in Verona, Italy, Zuegg is a family-owned business specializing in the cultivation, processing, packaging, and distribution of premium fruit products, including jams, juices, and fruit snacks. Zuegg has two different production approaches: business to consumer and business to business.
Zuegg needed a fully integrated, unified solution for actual monthly closing, financial planning/forecasting, and sales and operational planning in order to provide a detailed reporting package for financial statements, profitability forecasts, and variance analysis. The selection team also knew the solution needed to provide built-in financial intelligence; transparency throughout all process workflows and accountability and tracking for all user contributors; and increased efficiency and dramatic time savings.
After extensive evaluation of multiple systems, Zuegg selected CCH Tagetik. The solution was implemented in 2016.
CCH Tagetik solution
The CCH Tagetik solution has enabled Zuegg to put process responsibility for most activities in the hands of each business unit controller. Previously, SAP was too slow to handle processes simultaneously.
Intercompany flows are centrally managed and all the batch processes (data loading, allocations, inventory closing/planning, COGS calculation) can be also executed centrally or all business units.
Benefits
Single source of truth |
Single source of truth with a single point of data control |
Faster planning scenarios |
Faster planning scenarios, which make information available sooner for more responsive management decision making |
Faster closing processes |
Faster closing processes, from an average of 10 days to fewer than five |
Traceability |
Full traceability and auditability for all data |
Multi-currency management |
Multi-currency management and the ability to create simulations using different exchange rates |
Streamlined reporting |
Streamlined reporting with no manual intervention required |