The power of performance

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Maus Frères

Maus Frères

Cases

CCH Tagetik implementation at Maus Frères

Satriun realised the CCH Tagetik solution implementation at Maus Frères for a unified budgeting, forecasting, planning and reporting platform with capabilities tailored to the needs of individual Business Units. The solution was rolled out in parallel with a new ERP and the optimisation of planning and budgeting processes.

Faced with Excel-based processes and a lack of integration, Maus Frères launched a transformation project in 2018 for Corporate Performance Management within the Real Estate Division. The goal was, among other things, to implement modern and powerful budget planning for the real estate and construction projects of the renowned Swiss family-owned company. With the decision for CCH® Tagetik and Satriun as implementation partner, a uniform platform was introduced that not only enables seamless ERP integration but has also elevated the planning processes as a whole to a new level.

With CCH Tagetik and Satriun we were able to significantly improve the planning and budgeting processes of the Real Estate Division. We are able for example today to handle budgets by project, shopping centre or consolidated over the whole portfolio very easily and without any detours

Thomas Vangendt

Head of Finance & Controlling Real Estate Division, Maus Frères

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Maus FreÌ€res is a private Swiss distribution and brand management group created over a century ago and present on four continents. In Switzerland, the group owns the Manor and Jumbo brands, leader and co-leader in their respective markets. Manor operates 11 shopping centres in Switzerland and has over 9’000 employees. Internationally, Maus FreÌ€res develops and manages a leading portfolio of premium global brands, including Lacoste, Gant, Aigle, Tecnifibre and The Kooples.

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Expertise

CCH Tagetik, Consolidatie, Planning en Budgeting

Cliënt

Discovery Inc.

Cases

Management Reporting at Discovery Inc.

Satriun assisted Discovery Inc. in innovating management reporting at using the CXO cockpit, to deliver one version of the truth, integrated financial data and management commentary and new opportunities for analysis and an accurate historical record.

in August 2021 we spoke with Gunnar Wiedenfels, CFO of Discovery Inc., to ask him about his journey adopting digital management reporting solutions at the company.  What followed was a master class in seeing and seizing opportunity spaces and challenging the status quo with some astonishing results.

What’s amazing about Satriun is that I was 100% convinced that they’re delivering what they’re saying. They’re close enough to what’s actually happening, they know what they’re talking about, and they’re making a commitment. And I know that they’re not going to rest until it’s delivered, you know, in time and budget, and I had that experience so many times with Satriun’s executive team and… it’s amazing

Gunnar Windefels

CFO, Discovery Inc.

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Discovery is the global leader in real life entertainment, serving passionate fans around the world with content that inspires, informs and entertains. Discovery delivers over 8,000 hours of original programming each year across deeply loved content genres. Available in 220 countries and territories and 50 languages, Discovery is a platform innovator, reaching viewers on all screens and services, from linear, free-to-air and pay–TV channels to digital products and streaming services, to social and mobile-first content and formats. Discovery’s portfolio of premium brands includes Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, Turbo/Velocity, Animal Planet, and Science Channel, as well as OWN: Oprah Winfrey Network in the U.S., Discovery Kids in Latin America, and Eurosport, the leading provider of locally relevant, premium sports and Home of the Olympic Games across Europe. Discovery Inc. generated revenues of $ 10.7 billion in 2020. Discovery Inc., Inc is headquartered in Silver Spring, USA, and is listed on the NYSE NASDAQ exchange.

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Expertise

Change Management, CPM Tool Selection, CXO

Cliënt

Majorel

Majorel

Cases

OneStream XF implementation at Majorel

Satriun helped Majorel leveraging the OneStream XF CPM technology and taking the finance function to the next level.

in August 2021 we spoke with we spoke with Lotfi Kabbaj, VP Finance Transformation at Majorel, about how he is leveraging tech and taking the finance function at Majorel to the next level. During our conversation, Lotfi revealed 3 inspiring gems that you can learn about by listening to the podcast.

One of the reasons we chose Satriun Inplenion* is their commitment. Consulting is about people and when consultants are committed, that secures your project – committed to respect the timeline, to deliver within the agreed budget and to not settle for standard, but go the extra mile. With Satriun Inplenion we found the right partner that made our OneStream implementation project a success!

Lotfi Kabbaj

VP Finance Transformation, Majorel

* Satriun and Inplenion have created a joint venture in France, in 2020, to join forces and become a local leader in the implementation of OneStream’s Corporate Performance Management solution.

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Majorel designs, builds and delivers end-to-end CX for many of the world’s most respected digital-born and vertical leading brands. Majorel brings together Bertelsmann and Saham Group’s worldwide customer experience businesses into a new global leader with comprehensive east-to-west global footprint in 31 countries across five continents, with 63,000+ team members and 60 languages – that means that Majorel can deliver flexible solutions that leverage its unique expertise in cultural nuance – essential for true excellence in CX. Majorel is listed at the Amsterdam stock exchange Euronext (MAJ).

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Expertise

Consolidatie, CPM Tool Selection, OneStream

Cliënt

Fugro

Fugro

Cases

Fugro

CCH Tagetik

Fugro, the world’s leading Geo-data specialist, implemented CCH Tagetik on HANA to replace its existing Oracle Hyperion Financial Management (HFM) solution for consolidation and group reporting.

Key challenges

  • IFRS-based financial consolidation and reporting for actual, budget and forecast data
  • Source data acquisition from over 300 legal entities using 5 master ETL routines
  • Interpretation and migration of HFM rules file to CCH Tagetik functionality
  • Excel-based consolidated cash flow statement migrated to CCH Tagetik
  • Complex DSO formula using the absorption method of calculation
  • HFM’s entity dimension not only featuring legal entities but also managerial units
  • Extensive management reporting decks in Excel and PowerPoint

 

Project highlights

  • Integrated data model for IFRS- and management reporting purposes
  • Income statement by region / division / business line / service line
  • Matrix consolidation with intercompany eliminations by entity and by region
  • Entity dimension featuring only legal entities for easier intercompany reporting
  • Monthly consolidation incl. automatic equity pick-up & equity consolidation incl. CTA
  • Classroom trainings delivered globally for a 200+ user base

 

Key benefits

  • Delegated intercompany matching using the CCH Tagetik IC matching cockpit
  • Phased submission using the CCH Tagetik process management cockpit
  • Cost allocations using the CCH Tagetik allocation engine to enable P&L by region
  • Fully automated equity pick-up and equity consolidation

With our HFM licenses expiring, we were looking for a solution to not just replace existing functionality, but to also enhance and automate our consolidation and reporting processes. It wasn’t always an easy ride, but in the end I am very positive and satisfied with Satriun and with CCH Tagetik on HANA, and believe it was the right choice of software and partner.

David-Alexandre Guez

Group Controller , Fugro

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Expertise

CCH Tagetik, Change Management, Consolidatie, CPM Tool Selection

Cliënt

Fugro

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Cable Connectivity Group

Cable Connectivity Group

Cases

Cable Connectivity Group

OneStream XF

Cable Connectivity Group, a European leader active in the production, distribution and assembly of specialty cables and cable connectivity solutions, has more ownership over data and reporting and more consistent, higher quality and better auditable data thanks to its new OneStream XF corporate performance management cloud platform implemented by Satriun.

Key challenges

  • IFRS-based financial consolidation and reporting
  • Actual data acquisition from 12 different data sources
  • Budget and forecast data acquisition
  • Financial statements, IFRS disclosure notes and non-financial performance indicators
  • Focus on and automation of cash flow statement and short-term cash flow planning

 

Project highlights

  • Monthly consolidation incl. equity pick-up & automatic equity consolidation incl. CTA
  • Senior Facility Agreement (SFA) compliancy and SFA-specific cash flow statement
  • Integrated data model for IFRS- and management reporting purposes
  • Weekly cash planning, 13 weeks rolling forward
  • Tax accounting including generation of tax journals to be posted in general ledgers

 

Key benefits

  • More ownership over data and reporting
  • More consistent, higher quality and better auditable data
  • Reduced manual effort during the consolidation process
  • Valuable insight into cash flows statements and equity consolidation
  • One integrated data model and platform as a single source of truth

We were keen to use the momentum of replacing IBM Cognos Controller with OneStream XF to enhance our financial consolidation and reporting processes and methodologies. Satriun has demonstrated their capabilities to advise us with best practices, enabling us to consolidate and report faster and with increased value added to our board of management.

Geert-Jan Ottenheym

Group Controller , Cable Connectivity Group

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Expertise

Cash Flow, Consolidatie, OneStream

Cliënt

Cable Connectivity Group

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