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Gilgen Door Systems AG

Gilgen Door Systems AG implemented CCH Tagetik Financial Transformation Platform for Planning and Consolidation

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The Challenge

Following the takeover by a Japanese group, Gilgen Door Systems AG, innovative door and gate systems Swiss supplier, was faced with the challenge of finding a suitable alternative for the corporate reporting solution it had previously used. It needed to find a new solution that optimally supports both the internal requirements at Gilgen and the management approach of the Japanese parent company.

The company had to find a way to make data entry as simple and standards-based as possible in order to reduce the risk of errors. They also needed a tool that could be used by anyone, not just qualified finance experts.

CCH Tagetik Solution

The ability to work without a large learning curve with a simple Excel add-on instead of a highly specific, new user interface was also instrumental in deciding to implement CCH Tagetik. Today, Gilgen Door Systems AG uses the finance platform primarily for their consolidated financial statements. They also use it sometimes to generate forecast scenarios.

It is possible to treat actual and plan processes in the same way, which is a great advantage. With CCH Tagetik, the company provides their forecast template to its subsidiaries as a basis, meeting the requirements of the parent company relatively easily.

The group controlling department at Gilgen Door Systems AG especially appreciates the fact that everyone can be effectively and locally integrated into the processes. Data no longer has to be entered manually from a central location. The actual and plan figures can instead be cleanly entered at decentralized locations and validated and consolidated via a workflow with connected diagnostic processes. 

Benefits

Corporate Performance Management solution

Introduction of the CCH Tagetik CPM Solution

A universal tool

A universal tool to be used by anyone, not just qualified finance experts

Excel-based data import

Excel-based data import from subsidiaries with no additional interfaces required

Reporting

Individual linking of turnover and total cost methods in the reporting

Actual & Plan processes

Equal treatment of actual and plan processes

Forecast scenarios

Fast generation of forecast scenarios that can be decentrally edited

Customer Quote

The consolidation is much more efficient with CCH Tagetik than I have ever known with any previous software solution

Raphael Engelberger - CFO, Gilgen Door Systems AG