Consolidation & Financial close with CCH Tagetik

The benefits of consolidation solutions

With the right consolidation software, you can make great strides in the reliability, speed and effectiveness of the reporting and consolidation process within your organization. With the implementation of a new consolidation solution, you achieve the following benefits:

• Faster financial close cycles.
• Easier to create consistent and reliable reports.
• Less error-prone and one version of the truth.
• Greater understanding of data origin.
• Higher productivity of financials.
• Cost savings in the closing process and financial audit.

Consolidate with CCH Tagetik

By working together in a common environment, the organization keeps one version of the truth, a simple structure and the data always retains an audit trail. The process-driven model enables the organization to make the complex consolidation processes an integral part of the reporting cycle.
As of CCH Tagetik version 5, the intercompany matching cockpit has also become much more user-friendly. This gives end users even more ownership of their intercompany relationships.
With CCH Tagetik, consolidation reports can be viewed throughout the organization: from toplevel reports for management to drilldowns on the smallest detail if you want to know exactly where you stand. It also allows the user to analyze multiple consolidation structures side by side within a complex reporting environment.

The Benefits of Consolidating with CCH Tagetik

• A fast and high-quality closing process
• Cooperation in one version of the truth
• Control of intercompany matching
• Consolidated data is always traceable
• Understanding different consolidation scenarios

See how our client Aegon achieves operational excellence and insightful management information with CCH Tagetik.