Financial Management Solutions for Fashion
Quickly spot changing trends and take decisive action
Trends change, but the pressure to contain costs, maintain profitability margins, and grow remains. CCH Tagetik Cloud financial solutions for fashion provide a unified corporate performance management offering to help you spot trends faster, generate insights, and make more informed decisions.
Our fashion management solution modernizes financial & operational business planning, accelerates the close-to-disclosure process, and simplifies managing & monitoring performance.
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Benefits
Reduce planning costs and enhance business agility by accelerating management processes
Maximize market value, streamline business processes, and reduce operating costs by managing capital investments
Streamline budgeting at strategic, corporate and store levels in a single application
Track performance of stores, suppliers and customers in a single solution
Optimize planning and collaboration — strategic, financial and operational — across product lines and categories
Improve HR management — hours, FTE, overtime, long-term replacements — and calculate labor costs
CCH Tagetik's unified performance management solution for the FASHION industry delivers
Strategic Planning & Forecasting
CCH Tagetik's unified budgeting, planning, forecasting and modeling solution expedites the strategic planning and annual budgeting process. Align business plans with operational budgets, eliminate manual data entry and effortlessly generate periodic and rolling forecasts using a single version of automated financials.
Capital Planning
Align finance with operations and standardize the capital plan and budget. Set up capital allocations using various weights and rules to monitor capital consumption and analyze multiple dimensions (cost centers, suppliers, channels, brands, etc.) and business drivers (changes in demand, currency, pricing).
Production & Capacity Planning
Understand resource requirements and capacity constraints that impact production, supply and meeting demand. Optimize the product and production mix by modeling business drivers that impact sales, inventory and purchasing to see the impact on margin, profitability and financial performance.
Cash Flow Planning & Forecasting
In the global and fluid fashion industry, cash flow is in constant flux. CCH Tagetik allows decision makers to keep on trend with real-time monitoring of cash. See the cash-in/cash-out outcomes that budget line items have on plans and forecasts. Decisions makers are always in the know and armed to act with cash flow forecasts that instantly update when plans, exchange and interest rates change.
Cost Allocation & Profitability Analysis
With new 52 season models replacing spring, summer, winter and fall, costs quickly add up and profitability can change on a dime. Using CCH Tagetik’s allocation engine for expenses and activities, you can gain insight into lines that impact profitability and margin. Allocate direct and indirect costs to any level of detail like SKU or brand, and therefore, more accurately analyze profitability by product, vendor and more.
Seamless Close-to-Disclosure
CCH Tagetik’s single solution cut days off the monthly close cycle and accelerates management and external reporting. By connecting consolidated figures to reports seamlessly, you can also manage journal entries, adjustments, intercompany elimination and reconciliation all in a single solution.
Reporting & Analytics
To meet the reporting needs of finance, non-technical users and contributors from across your organization, CCH Tagetik has a reporting toolkit built for ease-of-use. Generate custom reports, drag-and-drop dashboards, interactive visualizations and pull ad hoc analytics without depending on IT.
Unified Corporate Performance Management
CCH Tagetik automates, modernizes and unifies financial management processes in a single, enterprise software. Available on the cloud, on-premises and your mobile device, CCH Tagetik is the only solution that is purpose-built for finance and optimized for non-financial users.
CCH Tagetik Software is trusted by leading companies in the FASHION industry
Cash Flow Planning, Reporting
Management Consolidation, Closing, Cash Flow Planning, Statutory Consolidation, Reporting
Worldwide Consolidation & Reporting
Consolidation, Budgeting & Cash Flow
Consolidation, Reporting
Consolidation, Reporting, Budgeting, Cash Flow
Testimonials
Customer Quotes
I was impressed with the passion that CCH Tagetik people bring to performing their daily work. Their knowledge, product skills and ability to quickly understand our processes all greatly contributed to their ability to respond to our needs.
GIANNI VERSACE
Francesco Buccola - CFO
CCH Tagetik's people work with devotion and passion. Their strong knowledge about performance management processes is the key element we chose CCH Tagetik for.
PEUTEREY
Tiziano Bonacchi - CFO
On Demand Webinar
HOW TO ACHIEVE HERO STATUS WITH MODERN BUDGETING TECHNOLOGIES
As modern finance professionals, our ability to deliver dependable business forecasts, optimize the allocation of resources and steer the business to new heights of performance, agility and competitiveness remain central to our professional standing and credibility.
Gary Simon, Chief Executive of FSN & Leader of the Modern Finance Forum for CFOs, will interview Stefano Castellani, Financial Reporting Analyst Scotch & Soda on the implementation of CCH Tagetik Budgeting & Forecasting Solution.
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