Case Study: Dyckerhoff
“During the very first presentation, we could already see that Tagetik is a very strong tool for reporting. At this point, we already knew that our controllers would be thrilled by its potential, reporting flexibility and, of course, Excel-like environment.” Sascha Lenkiewicz, Head of Group Accounting, Dyckerhoff AG
The Objectives
Dyckerhoff AG implemented the solution in two separate projects. In the first phase, the team focused on converting its current consolidation and reporting tools 1:1 in the new technology environment. Stage two, the planning module, will follow in the upcoming months.
After the kick-off event in August 2009, the project team created a blueprint outlining the implementation details in coordination with the consultants at pmOne and Tagetik.
These structures were finalized and approved in January 2010. By early March 2010 the implementation phase was ready to start. For two months, the team was busy importing master data and establishing consolidation rules. Afterwards, they rebuilt previous financial statements and management reports in the new solution.
By summer 2010, Dyckerhoff conducted onsite trainings in Germany, Poland, Russia, Holland, Czech Republic and Ukraine as well as an online training for the colleagues in the United States. After that, the system was ready to go live in late summer 2010.
The Results
“From data collection to consolidation and reporting, Tagetik gives us a single platform for
planning, consolidation and reporting. That’s the major benefit,” summarizes Stephanie
Laube, Head of Accounting and Group Accounting at Dyckerhoff AG. She admits, however,
that Dyckerhoff is quite complex for a group of its size. “Although we aren’t very big, we cover
all of the special cases that can occur in a consolidation, for example, a relatively flexible group
of companies that we need to consolidate, many minority shareholdings, foreign subsidiaries
and multiple steps in foreign currency subsidiaries. In that respect, our requirements can
compete with those of large corporations.“
Dyckerhoff chose Tagetik for its customer proximity and customer-oriented approach. Tagetik’s
strategy to develop the software close to the needs of the customers goes down well in Wiesbaden.
Project manager Holger Merz was very pleased about the open culture at Tagetik in dealing with
customer needs and the willingness to incorporate them in future releases. “Whenever problems
emerged during the project, Tagetik was very open and always strived to provide a solution,”
he stated. “We were very impressed with their support.”
In addition to modernizing their systems and gaining comprehensive workflow support, the controlling
department has also profited from Tagetik’s built-in analytics. Since ad hoc reports and analysis are
part of the controllers’ daily work, they especially value the flexibility of the new solution.
“In my opinion, the main strength of Tagetik is the simple, flexible reporting in a familiar Excel
environment,” summarizes Sascha Lenkiewicz, Head of Group Accounting. “You can work very well
with Tagetik - especially when it comes to adapting reports or creating new ones spontaneously”. Existing
ad-hoc reports can also be used directly – and published – for the Web’s standard reporting. A tool for
standard and ad-hoc reporting further reduces the efforts, thus confirming the overall positive impression
of the software.
