The Challenge
In order to track the structures and level of its financial debt, Telecom Italia quickly realized that it needed to plan in more detail and build a forecast model for cash flows and financial debt structures. In order to eliminate the manual processes of its former Excel-based system, the company wanted to unite these features in a more efficient solution with common rules and parameters.
CCH Tagetik Solution
- Managing information from multiple companies with different currencies
- Aggregating data from multiple organizational levels (holding and subholdings)
- Maximizing scalability
- Ensuring a seamless integration in the group’s IT architecture and key business systems
- Using the developed features throughout the global group
Benefits
Shortened closing process
Faster closing and report production cycles
Fast deployment
Short implementation phase with an intense testing period
IC reconciliation
Easy reconciliation and automatic balancing of intercompany relationship
Better data quality
Better data quality and more transparent business processes
Web solution
Web solution and online validations with direct response
Successful knowledge transfer
Fast knowledge transfer through pmOne/CCH Tagetik coaching
Customer Quote
Thanks to CCH Tagetik, we can now quickly respond to the growing ad hoc requests for rich, highly detailed and timely information. The solution is extremely scalable and flexible enough to fit our individual requirements. From a technical standpoint, the solution easily integrated into our group IT architecture and all levels of the group can access the new functionality.
Paolo Arienta, Head of Financial Planning