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Zuegg

Zuegg Implemented CCH Tagetik’s Software for Integrated Financial Planning, Profitability and Monthly Closing

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The Challenge

Founded in 1860 and headquartered in Verona, Italy, Zuegg is a family-owned business specializing in the cultivation, processing, packaging, and distribution of premium fruit products, including jams, juices, and fruit snacks. Zuegg has two different production approaches: business to consumer and business to business.

Zuegg needed a fully integrated, unified solution for actual monthly closing, financial planning/forecasting, and sales and operational planning in order to provide a detailed reporting package for financial statements, profitability forecasts, and variance analysis. The selection team also knew the solution needed to provide built-in financial intelligence; transparency throughout all process workflows and accountability and tracking for all user contributors; and increased efficiency and dramatic time savings.

After extensive evaluation of multiple systems, Zuegg selected CCH Tagetik. The solution was implemented in 2016.

CCH Tagetik Solution

The CCH Tagetik solution has enabled Zuegg to put process responsibility for most activities in the hands of each business unit controller. Previously, SAP was too slow to handle processes simultaneously.

Intercompany flows are centrally managed and all the batch processes (data loading, allocations, inventory closing/planning, COGS calculation) can be also executed centrally or all business units.

Benefits

Single source of truth

Single source of truth with a single point of data control

Faster planning scenarios

Faster planning scenarios, which make information available sooner for more responsive management decision making

Faster closing processes

Faster closing processes, from an average of 10 days to fewer than five

Traceability

Full traceability and auditability for all data

Multi-currency management

Multi-currency management and the ability to create simulations using different exchange rates

Streamlined reporting

Streamlined reporting with no manual intervention required

Customer Quote

The CCH Tagetik solution allows us to manage in one integrated environment closing, budgeting, forecasting and cash flow planning processes. Tight integration ensures complete data traceability and auditability and immediate reporting and variance analysis.

Elisa Florio - Group Controller, Zuegg