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With operations worldwide, Altus Group benefited significantly from the fully integrated, cloud-based CCH® Tagetik Solution

Feb. 10 2021 by Nancy Di Cosola, Global Customer Advocacy & Testimonials Manager - CCH Tagetik

Performance Management

Altus Group Limited is a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry. Altus Group choose CCH Tagetik for:

  • CCH Tagetik Budgeting & Planning
  • CCH Tagetik Consolidation
  • CCH Tagetik Collaborative Office
  • CCH Tagetik Lease Accounting IFRS 16 

To learn more about how CCH Tagetik has enabled Altus Group's digital transformation, we spoke with Giovanni Pepe, Director Financial Planning & Analysis about the challenges faced before CCH Tagetik and the benefits gained using our comprehensive CPM solution. 

What was the scenario into which CCH Tagetik was introduced? 

We have operations all over the world, the UK, Australia, Asia, US and Canada, so any regulatory changes that happened there, affect us quite a bit, especially some of the more recent changes around GDPR in the UK and financial governance that’s been coming out in North America. 

We have a very dynamic business, we’ve in the past done anywhere from two to five acquisitions per year so our business has been morphing, growing and our reporting obviously has to grow with that. Another big problem is that our budgeting and reporting systems are working on two different modules. We have a lot of our more complex stuff done in Excel, things like dashboarding, ad hoc reporting, metrics KPI, charting, forecasting, financial modeling and even allocations. Our consolidation process is actually built in five separate Excel modules that are then consolidated on a monthly basis. 

All of our balance sheets and cash flow are done manually, and our disclosure management, MD&A, and financial statements are all done in Word and PowerPoint. So, we’ve got some very manual processes in place. 

What stood out about CCH Tagetik? 

For one it was a fully integrated system. It didn’t have different pieces that had to be linked together. It was all one comprehensive package that talks to itself, making reporting and analytics seamless.  

The second reason was because a lot of the customization that we had previously in our other systems wasn’t required, it seems like CCH Tagetik had thought about everything ahead of time. It also made Finance a lot more independent - we don’t have to rely on IT. It’s very easy to use and it allows us to do a lot more stuff, a lot more quickly. 

How does the cloud solution benefit Altus Group? 

With CCH Tagetik’s cloud services we have contracted SLA’s for uptime, we have a dedicated support team and we have an automatic path to upgrades and updates which you don’t necessarily get when you have an on-prem solution. 

Do you want to watch the full video interview? Click here.

Corporate Performance Management NEW 2

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