Financial Management Solutions for Banking
Drive Profitability, Fully-comply with Regulations
Over-regulation jeopardizes growth objectives and profitability targets in banking. Your Office of Finance must balance compliance costs with growth and profitability goals, making bank performance management more important than ever.
CCH Tagetik CPM for Banking helps you meet regulatory mandates and lets you focus on business performance, growth, and profitability by automating financial management processes and regulatory reporting.
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Benefits
Simplify complex financial processes, from strategic planning, to business modeling and disclosure reporting
Improve profitability of branches, services and instruments
Lower total cost of ownership (TCO) for all performance management processes
Collaborate on financial processes, including intercompany transactions, transfer pricing, and regulatory reporting
Meet statutory and compliance requirements, including FinRep/CoRep and Basel III
Gain full traceability and auditability, from initial strategic planning through final disclosure
CCH Tagetik's unified performance management solution for the banking industry delivers
Strategic Planning & Forecasting
Simplify the strategic planning and annual budgeting process with a single source of financials. Align business plans with operational budgets. Eliminate manual data entry. Effortlessly generate periodic and rolling forecasts with data that automatically refreshes.
P&L and Balance Sheet Planning
Create the P&L and balance sheet for a top-down planning approach that also offers robust business modeling and scenario playing to analyze variances and see how changes to capital, expenses, workforce, cash flows and cash/debt variances impact financial results.
Cash Flow Planning & Forecasting
CCH Tagetik provides double entry logic and automates the cash in/cash out impact of budget line items. When plans, capital, exchange or interest rates change, CCH Tagetik instantly updates cash flow plans and forecasts so decision-makers can quickly assess the net business impact.
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Cost Allocation & Profitability Analysis
Allocate both direct and indirect costs to understand true profitability by product, service, instrument, location or customer. Determine expense allocations to different LoBs or products and see how cost models and allocations impact the P&L and balance sheet.
Seamless Close-to-Disclosure
Cut days off the monthly close cycle and accelerate management and external reporting with a single solution that automates all financial processes. Confidently manage and control journals, adjustments, intercompany eliminations and reconciliations. Seamlessly produce disclosure reports using a single version of the truth.
Regulatory Reporting & Compliance
Spend less time preparing reports and more time analyzing the information. Automate the production of regulatory reports including: SEC filings, multi-GAAP (IAS, IFRS, US GAAP), Basel III, FinRep, CoRep and more. CCH Tagetik is up-to-date with the regulatory guidances and gives you the ability and confidence to easily comply with financial accounting standards updates and new regulatory mandates.
Reporting & Analytics
With easy-to-use, pre-packaged templates, report on key metrics and performance using a single source of financials. Create custom reports, interactive dashboards, visualizations and ad hoc analytics - without depending on IT.
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Unified Corporate Performance Management
Automate and modernize financial management processes using a single, enterprise software solution. CCH Tagetik is the only solution that is purpose-built for Finance, optimized for non-financial users and available on the Cloud, on-premises and your mobile device.
More specific requirements
CCH Tagetik for Banks
IFRS 9 IFRS 16 IFRS 17 Planning for Banks EBA Supervisory Reporting
CCH Tagetik Software is trusted by leading companies in the banking industry
Disclosure Management, Consolidation, Budgeting & Planning, Finrep, Reporting
Statutory Consolidation & Reporting, Profitability Analysis
Budgeting, Planning & Forecasting
Testimonials
Customer Quotes
CCH Tagetik truly delivers a single source of truth on a single platform for all of our key financial data. It’s been a long-term goal to get there in Finance, and it’s actually happening. Everyone is seeing the same data and presenting the same results.
RABOBANK
Meghan Maze - Chief Accounting Officer
With CCH Tagetik, we can fulfill IFRS and FinRep requirements in a single application, while establishing a flexible framework for various tasks throughout the group. Since it can now quickly respond to new external requirements and internal ad hoc inquiries, we feel well equipped for the future.
ERSTE GROUP
Barbara Kainz - Director Group Consolidation
CCH Tagetik went straight to the point and focused exactly on our needs. We are proud to be the first CCH Tagetik customer in Brazil.
BANCO TOYOTA DO BRASIL
Rafael Yoshihara - Financial Planning Coordinator
On Demand Webinar
BANKING INSIGHTS FROM DELOITTE: HOW TO OPTIMIZE BUDGETING & PLANNING
Massimo Tomasi and Luigi Mastrangelo, Partners and FS Experts from Deloitte Consulting, discuss the challenges banks are facing today and reviewing best practices around budgeting, planning and forecasting in banks. Paolo Angeli, Financial Services Expert from CCH Tagetik, will also join the event and he will share how the right product solution can enable the changes needed to meet these challenges.
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