Financial consolidation, Planning, Reporting, Treasury and project control
”CCH Tagetik’s intercompany matching features are a huge advantage for us because there are so many different relationships within our group. Now, our subsidiaries just report their internal transactions in the exact currency during the standard data entry process. After adjusting the balances in the integrated cockpit, we can already use this data for other processes.”
Renate Jaeger - Project leader and financial accountant
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The finance and accounting departments at the M+W Group are responsible for two separate yet similar processes: consolidating data throughout the group to create management reports and financial statements.
In the past, these processes were managed in two separate systems – which quickly added up to too much work for everyone involved. That’s when the company decided to unite these processes into a single solution.
- Uniting internal and external reporting
- Eliminating double work in data collection and analysis
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