19 February 2015
Fiat Chrysler Finance and CNH Industrial Finance Choose Tagetik’s Corporate Performance Management Software
The solution allows both treasury companies to forecast profit & loss and balance sheets
Tagetik, a visionary leader in global performance management software solutions, today announced that Fiat Chrysler Finance and CNH Industrial Finance, the treasury companies of FCA and CNH Industrial Groups respectively, have chosen Tagetik’s corporate performance management (CPM) software solution to manage their financial budgeting processes. The implementation of Tagetik’s software will aid in the forecasting of both companies’ profit & loss and balance sheets.
“We rely on our accounting and management database to apply both external information as well as key strategic variables to our business. The Tagetik software will allow us to forecast our financial statement using this data and identify specific financial indicators such as average exposure, interests and average rate of each balance sheet, to make more informed decisions,” said Giuseppe Novello, manager, processes & IT systems, Fiat Chrysler Finance.
The built-in financial intelligence in the Tagetik corporate performance management solution makes it possible to build profit & loss, balance sheet and cash flow impact right into the planning process. As plans are developed, the financial statement impact is automatically calculated. Since Tagetik is a unified solution, the impact of adding assets or staff and the associated depreciation and costs is immediately reflected in all financial statements.
“We are proud to support the treasury companies of Fiat Chrysler Automobiles and CNH Industrial Groups, two of the world's leading brands in the automotive market, in addressingtheir finance needs,” added , co-chief executive officer, Tagetik. “Tagetik’s expertise to effectively meet the complex needs of the finance function at both companies includes developing detailed forecasts on the economic and financial trends of the business, assessing risks and analyzing alternative market scenarios. We believe this is a testament to ourability to successfully support the complexity and scalability of global organizations.”
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