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Evolve Now: MT Højgaard's experience


Discover how CCH Tagetik delivers MT Højgaard’s complex global requirements in a consolidation workflow that streamlines processes from local close to group consolidation with a true integrated business planning across all subsidiaries.

Transcript


WEBVTT The MTH group consists of about five medium to large companies and about 50 smaller companies. We mainly focus on construction projects but also have companies that rent out equipment.

Our distinctive characteristic in the construction industry is to have relatively few projects, but they are very large and quite complex and long-term.

So it is essential to us to be able to forecast and follow-up on the project level. Before implementing CCH Tagetik we used a home-built Excel application for monthly close and forecasting.

From there the data would be available in various reports and would be loaded into Cognos Controller for consolidation and group reporting. It suffered from the same challenges as many other Excel applications.

First it did not scale very well.

We wanted to support other companies with the same model, and the model simply wasn't flexible enough, and adding more companies required a lot of work while greatly increasing the complexity and thereby risks. In addition to that it was becoming increasingly difficult to make changes to the model.

We needed a solution that would support the complexity and the dimensionality that we needed, and would support both forecasting and consolidation.

And then we wanted to be able to do as much as possible on our own. The ambition was that we wanted help getting started, and then to be as self-sufficient as possible moving forward. We looked at several systems and it was clear to us that CCH Tagetik was the best fit. Due to our long-term focus of our industry we are not only forecasting the current year.

We always forecast the next year and even a third year by September. This means that our forecasts cover from 19 to 28 months.

We forecast on the lowest entity levels which are const and profit centres.

We currently have about 250 entities and 100+ users on the system. I think the main benefit for us is transparency.

We have achieved a uniform data model which ensures that we can follow the data from the ERP system right into the forecasts and the consolidated reports. Additionally we have managed to separate the processes of management reporting and consolidation and thereby achieved a more agile process. Third, we are seeing a continuous development of the system.

Both judging from the data service packs and the road map, it seems to me that there's a clear vison for CCH Tagetik, and they will become an even greater fit for us in the future.

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