Case Study: EXA Holding
“The speed of implementation and the results achieved with the HR planning solution reconfirm our decision to select Tagetik as our future performance management tool” Harm Verhagen -Financial Director, EXA Holding
The objectives
To gain more insight on the origins and development of its personnel expenses, EXA Holding decided to deploy a new solution for HR planning. In addition to measuring variances and running detailed analyses on individual types of expenses, the group also wanted to manage more complex scenarios such as full-time equivalents (FTEs). By making the planning process more flexible and transparent, it also hoped to accelerate the budgeting cycle as a whole.
After a careful evaluation of two planning solutions, EXA Holding chose Tagetik 4.0 over IBM Cognos. Since the group also needed to tackle its consolidation and financial reporting processes in the near future, it chose Tagetik 4.0 because it unifies multiple business performance processes in a single solution.
The solution
Using Tagetik 4.0, EXA Holding was able to implement a new HR planning solution
in time for its 2012 budgeting process. The three-month project covered multiple phases
from identifying requirements, designing the project and building the application to loading
and testing data, training users and providing go-live support.
To benefit from the power of Tagetik 4.0, EXA Holding didn’t merely replace the existing
application. Working closely with the experts from Tagetik Nederlands, the group added new
functionality to the solution in a step by step approach.
Results
By gaining easy access to highly detailed budget information, EXA Holding can now easily
create benchmarks such as ‘Cost price per workshop hour’ for direct personnel at its various
locations. This KPI clearly shows the performance of each location and indicates how well its
workforce is aligned with the group’s targets.
Thanks to the built-in functionality of Tagetik 4.0, EXA Holding can define top-down business
targets and compare these with bottom-up budgets from the individual companies in the group.
This allows the group to measure its planned workforce and business demand as well as
“match” it by altering the type or number employees, salaries and other factors such as sick-leave,
efficiency or the billability rate.
After the successful deployment of its HR planning solution, EXA Holding intends to expand the
application with modules for consolidation and financial reporting.
