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Mediaset


MEDIASET

Statutory and Management Consolidation, Budgeting, Forecasting and Reporting


CCH Tagetik’s unified approach to CPM has helped us comply with the new international standards – and accelerate our consolidation cycle in the process!

Mediaset

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THE CHALLENGE

Mediaset chose CCH Tagetik because it wanted to unify the processes for statutory and management consolidation, budgeting, forecasting and reporting in a single, sophisticated solution. As Mediaset needed to comply with new international accounting standards, it didn’t just change its consolidation process - it decided to revamp its information systems as a whole. That’s when Italy’s leading commercial television network launched a project to unify financial data in a single database, expedite the closing cycle, and reduce overall maintenance time and costs.

 

Mediaset also expected the new system to standardize the overall data quality across all business units- ranging from digital and pay-per-view television, to multimedia content and advertising - and group companies including its Spanish subsidiary TeleCinco which is separately listed on Madrid stock exchange.


Benefits

Benefits


Better data quality

Improved overall data quality in a fully traceable, flexible solution.

Reduction of manual processes

Less manual work in data monitoring and reporting

Mapping features

Loaded peripheral data and streamlined consolidation scripts

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

Stadardized reporting

Standardized reporting and analysis across all business units and companies 

THE SOLUTION

In order to meet these project objectives, Mediaset required a single solution which would:

  • Comply with the new international standards    
  • Standardize reporting and analysis across all business units and companies 
  • Ease monitoring and control tasks through perfect traceability  
  • Improve data quality through a single, centralized database
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