Mediaset


MEDIASET

Statutory and Management Consolidation, Explanatory notes to the financial statements for legal entities, Budgeting, Forecasting, financial planning support


Tagetik represents a new unified model that can comply with the new international regulations as well as reduce consolidation time. Thanks to the new solution, we have more time for data analysis, which has added value to the entire group.

Mediaset


 


 

Download the complete case study

THE CHALLENGE

Mediaset Group is the first Italian private television group and one of the major European broadcasting companies with consolidated businesses related to multimedia content production, to the transmission of the TV signal and to the management of free-to-air channels and pay-TV channels on the main technological platforms.

Mediaset chose Tagetik’s Corporate Performance Management (CPM) solution to comply with challenging and complex planning objectives. The system was also expected to support compliance with new international regulations; create actual and forecast data analysis and reporting standards both at group level and at business unit level; ensure data control and traceability; and use a single, centralized database in order to improve data quality.

Last but not least, the system had to have the flexibility to constantly adapt to ongoing business changes, such as the acquisition of the DMT Group (today known as EI Towers Group, owner of the network infrastructure for the Mediaset’s signal transmission), the launch of Mediaset Premium and related cinema and TV businesses (Medusa and Taodue), and the creation of the TV and web shopping company Mediashopping.

Benefits

Benefits


Better data quality

Improved overall data quality in a fully traceable, flexible solution

Reduction of manual processes

Dramatic reduction of manual entry and checking, resulting in more time for data analysis

Reduction Consolidation Cycle Time

Reduction of consolidation cycle time to meet increasing disclosure requirements of external stakeholders.

Web-based intercompany reconciliations

Monitor of the data entry process from different locations

Centralized database

Ability to easily drill down to detailed data and do single adjustment, at any time during the process

Standardized reporting

Standardized reporting and analysis across all business units and companies 

THE SOLUTION

Thanks to Tagetik, Mediaset has a single, centralized database for managing financial and business performance. In addition to ensuring high quality data and auditability of all processes, the solution allows for highly detailed “drill-down” to the single consolidation adjusting entry. Mediaset uses Tagetik to manage statutory and management consolidation and to generate consistent and detailed reports to meet the needs of all internal and external stakeholders. Among the most important benefits realized by the company is the rationalisation of all consolidation entries and the local data loading thanks to a customized ETL system, as well as the matching of IC entries through a web cockpit which allows the company to monitor and control data entered by external users.

Moreover, the reporting has proven useful in supporting the compliance processes pursuant to Italian law 262/05 with customized reports that allow for a detailed analysis of processes in scope. As for the budgeting, forecasting and planning processes, Mediaset can verify the financial sustainability of the business’ strategic objectives, create the database for the analysis of balance sheet and financial ratios, and manage the IC flows, the VAT group and the ‘cash-pooling’ processes.

As for the budgeting, forecasting and planning processes, Mediaset can verify the financial sustainability of the business’ strategic objectives, create the database for the analysis of balance sheet and financial ratios, and manage the IC flows, the VAT group and the ‘cash-pooling’ processes.

get started

Yes, I’d like to know more about Tagetik


For more information, please complete the below form and a member of our team will reach out to you shortly!