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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, Consolidation, Planning & Budgeting

Client

Swisspower Renewables

Swisspower Renewables

Cases

Swisspower

Renewables AG

Swisspower Renewables AG invests and operates onshore wind power and hydropower plants in Central Europe. The company achieves high efficiency in Group Reporting thanks to the CCH Tagetik solution implemented by Satriun.

Key Facts

  • To bring the digitalization of group reporting to a next level, Swisspower Renewables AG decided to replace its spreadsheet-based consolidation and budgeting process by a modern group consolidation, planning & reporting solution
  • Swisspower Renewables AG selected CCH Tagetik as future solution and needed a trusted partner that was able to bring best in class practices for both, its functional consolidation & budgeting requirements and the new software CCH Tagetik

 

The Solution

  • Design and implementation of CCH Tagetik for consolidation, budgeting and mid-term planning
  • Data integration with Microsoft Dynamics NAV via CCH Tagetik ETL
  • Workflow driven and tailored budget, mid-term planning and business planning processes with uniform structures including detailed sub-plans for OPEX and CAPEX next to main financial statements including cash flow
  • The design was leveraging Satriun’s starter kit for CCH Tagetik, providing business content & templates for data model, forms & reports as well as processes, based on best demonstrated practices focusing on CCH Tagetik standard functionality

 

Key Benefits

  • Fast, robust & accurate reporting and planning processes, designed to be digitalized using the standard functionalities of the new technology
  • Streamlined data model across scenarios with an optimized group chart of accounts, reporting package, automated cash flow statement and decentralized IC reconciliation, as well as simplified reporting & planning processes tailored to the exact needs of Swisspower Renewables AG

 

Satriun as our implementation partner and CCH Tagetik as our new CPM system provided the optimal fit. Satriun delivers a unique blend of excellent knowledge of both group accounting & controlling as well as CCH Tagetik. Their committed and customer focused approach was a critical success factor to achieve our project objectives on time and in budget.

Diego Kuonen

CFO, Swisspower Renewables AG

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Expertise

CCH Tagetik, Consolidation, Planning & Budgeting, Starterkits

Client

Swisspower Renewables AG

Solevo

Solevo

Cases

Solevo CCH Tagetik solution implementation

Solevo, a leading distributor of chemicals and inputs for specific industrial and agricultural segments in Africa achieves high efficiency in group consolidation and reporting thanks to its CCH Tagetik solution implementation by Satriun.

Key Facts

  • Following its spin off from Louis Dreyfus Group, Solevo needed to select and implement its own group consolidation and management reporting solution
  • Solevo needed a partner that understood both its former group consolidation solution SAP Financial Consolidation and the selected solution CCH Tagetik
  • The project needed speedy execution and consultants that could provide hosting for SAP Financial Consolidation, leverage the existing configurations and configure CCH Tagetik in record time based on a ready-to-use Starter Kit

 

The Solution

  • While still using the legacy SAP Financial Consolidation solution on a Satriun-hosted cloud, Solevo and Satriun designed the CCH Tagetik solution
  • The design was based on Satriun’s Easy Start starter kit for CCH Tagetik, providing the project team with pre-configured content according to good practices
  • The CCH Tagetik Consolidation application has been purposely designed for Solevo, only leveraging some historical configurations from former shareholder

Key Benefits

  • Now Solevo is using modern technology, allowing for agile closings and reporting
  • The CCH Tagetik application is tailored to the exact needs of Solevo – in terms of chart of accounts, analytical dimensionsand calculations
  • The swift transformation of the Corporate Performance Management platform contributed to an efficient carve-out process for the group

 

Satriun provided exactly the service we needed: expertise on our former SAP solution, a pre-configured starter kit for CCH Tagetik and the expertise to tailor it to our exact specifications. The result of the rapid implementation is a new solution for our group Consolidation, Statutory and Management Reporting that perfectly fits our needs.

Nicolas Piquet-Michot

Head of Accounting, Reporting & Consolidation, Solevo Group

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Expertise

CCH Tagetik, Consolidation, Starterkits

Client

Solevo

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, Consolidation, CPM Tool Selection

Client

Fugro

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Agfa-Gevaert Group

Cases

Agfa-Gevaert Group

The Agfa-Gevaert Group develops, produces and distributes an extensive range of imaging systems and IT solutions, mainly for the printing industry and the healthcare sector, as well as for specific industrial applications.

Agfa’s headquarters and parent company are located in Mortsel, Belgium. The Group’s operational activities are divided in four divisions: Offset Solutions, Digital Print & Chemicals, Radiology Solutions, and HealthCare IT. All divisions have strong market positions and well-defined strategies.

Agfa’s largest production and research centers are located in Belgium, the United States, Canada, Germany, France, the United Kingdom, Austria, China and Brazil. Agfa is commercially active worldwide through wholly owned sales organizations in more than 40 countries. In countries where Agfa does not have its own sales organization, the market is served by a network of agents and representatives.

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Expertise

Cash Flow, CCH Tagetik, Change Management, Consolidation, IFRS 16 & ASC 842, Maintenance and Support, Planning & Budgeting, Regulatory Support

Client

Agfa-Gevaert Group