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MTH Group


Financial Transformation Platform for financial modelling, Forecasting, Planning, consolidation and close


"The workflow capabilities as well as scenario management of Tagetik is enabling us to build the planning and consolidation processes the business needs instead of settling on what excel can support."

Mikkel Kvist - Head of Business Intelligence, MTH Group


 

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the challenge


MTH GROUP is one of the leading players in the construction and civil engineering industry in the Nordic region. The challenges faced by MTH Group were similar to those of most finance organizations. As Mikkel Kvist - Head of Business Intelligence say: “When it came to financial planning and forecasting, we simply didn’t have the tools to do what we wanted to do.” 

Because of the volatility of its business and the many variables that could impact projects, the business intelligence group wanted to move into long-range and rolling forecasting, as well as detailed modeling and simulations. But the team’s dependency on Excel limited its capabilities, and a technology ecosystem comprised of multiple source systems compromised data consistency and made efficient tracking virtually impossible. 

Benefits

Benefits


Long-range forecasting

Ability to do long-range forecasting at company and project level

One source of truth

The company can now keep track of progress and easily model different scenarios all based on one-source-of-truth

Accuracy and control of data

Greater accuracy and control of data, with complete auditability

Reduction of manual work

Minimizing manual works such as manual data entry

Easy to use and maintain

The solution is easy to use, cost-efficient to maintain, and flexible enough to accommodate change without expensive and time-consuming customization

Ability to manage workflows

The workflow capabilities and scenario management of CCH Tagetik enable the company to build the planning and consolidation processes the business needs

the solution


MTH Group selected CCH Tagetik’s solution for financial modelling, forecasting, and planning about one year ago. For the most part, MTH Group completed the installation on its own, using CCH Tagetik experts for coaching when needed and to ensure use of best practices. In addition to its use for MTH Group, the solution has been rolled out for Lindpro, its operating company focused on providing utility- and energy-related services. Other companies will soon be following. MTH Group is now in the process of implementing CCH Tagetik’s consolidation and close solution.


Every day proves we made the best choice,” said Kvist. His team is now independently managing the CCH Tagetik solution and only reaches out to CCH Tagetik support when pressed for time or in need of subject matter expert advice. In addition to providing more detailed, forward-looking information on which to base decisions, Kvist also says the CCH Tagetik solution has increased the professionalism of the BI team’s work and has enabled it to provide new services to the business. “The workflow capabilities as well as scenario management of CCH Tagetik is enabling us to build the planning and consolidation processes the business needs instead of settling on what excel can support” said Mikkel Kvist “we can keep track of progress and easily model different scenarios all based on one-source-of-truth, in a more lean and efficient process” and continues “the implementation project has helped us challenge the previous planning process, cutting out unnecessary detail and complexity.”

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