“Thanks to Tagetik, we have been able to embrace a new corporate governance philosophy that supports both the complex nature of our industry and the unique challenges of our growing company.” Damián Rodríguez, Chief Financial Officer

Situation analysis and specific requirements

Aciturri Aeronáutica, a specialist in manufacturing and assembling composite components and structures for the Aerospace industry, uses Tagetik 3.0 for strategic planning, budgeting, forecasting and reporting on both group and entity levels.

Prior to choosing Tagetik, the company relied on a highly complex system of spreadsheets to execute these tasks. When the group decided to implement rolling monthly forecasts for finance and operations, however, it quickly realized that extending the former system involved too much time and money.

The project

Due to the high level of competition and the long-term nature of contracts in the Aerospace industry, Aciturri Aeronáutica wanted to be able to monitor and control financial flows and operational profitability more actively. The company, therefore, chose Tagetik 3.0, an innovative solution to support the processes of strategic planning, financial planning (profit/loss, balance sheet and cash flow), statutory consolidation and management reporting on all group levels.

Objectives

Aciturri Aeronáutica chose Tagetik 3.0 because it unified these Corporate Performance Management processes into a single solution and ensured:

• A fast implementation
• Greater transparency through more accurate data
• Independency from IT and external consultants
• Maximum utilization of existing technology

Results

Tagetik 3.0 has significantly improved the scope and quality of Aciturri Aeronáutica's budgeting, financial planning and management control processes:

• More budget detail from company, product, customer/supplier, department and other points of view
• Consolidated budget views while maintaining multidimensional detail
• More accurate treasury flow models
• Guaranteed consistency among historical closing data, budgets and multi-year business plans
• Fast, easy analysis from multiple angles
• Simple preparation of monthly forecasts

“Tagetik 3.0 allows us to manage a complete, unified Corporate Performance
Management project in a single solution,” concludes Damián Rodríguez, CFO of Aciturri Aeronáutica. “Since the solution offers unparalleled capabilities for financial planning and forecasting without the need for custom development, our financial analysts can do their jobs without requiring IT support.”

The Company

Aciturri Aeronáutica specializes in designing, manufacturing and assembling composite component structures for the Aerospace Industry.

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