Exclusive portal designed for our Customers and Partners

Log in

Request for Access

logo
logo
countries flags

CCH Tagetik IFRS 16 Lease Accounting solution provides Syngenta with the ability to drill down to individual granular data


Discover how Syngenta gets compliant easily and quickly with IFRS 16 disclosure requirements.

Transcript


Digital agriculture is one of the most exciting developments in the business landscape at the moment.

Syngenta's business has been to sell chemicals and seeds to farmers but we have to offer a digital solution.

IFRS 16 disclosure requirements build on previous requirements but a lot of them are new, so we needed new reports which provide us some high level information at our group consolidation level as well as the ability for our accounting teams around the world to run reports and when necessary to drill down into individual granular bits of data and the CCH Tagetik solution does this very well.

We are still working on refining something but we are very happy with this solution.

We are sourcing the data, the leasing contracts from other existing systems, databases, and we post into our existing SAP systems, so these interfaces had to be built, to be established and then tested.

CCH Tagetik in itself set up the configuration and that was fairly a simple thing, I have to say.

The key benefit is really to be compliant and to be compliant in the most easy way we could get there.

After signing the contract for CCH Tagetik we took a year until we went live, but it wasn't a year to prepare the software itself, there was a lot of discussions on how actually do the accounting logic and how to design the process.

I would definitely recommend CCH Tagetik for Lease Accounting, it works well for us, it was a smooth project.

CCH Tagetik is the right solution for us, there isn't a one-size-fits-all for companies, but for us this was the best way of giving us the tools to do our jobs in the new lease accounting world.

Most Recent Videos

Customer Videos

KWH easily handles multi-entity consolidations with unlimited hierarchies in one database and one source of truth.

Customer Videos

Learn how Green Courte Partners can now focus on their business with CCH Tagetik's Budgeting, Planning & Forecasting.

Customer Videos

Natixis can now run their business on a modern digital environment with CCH Tagetik Budgeting & Planning

Customer Videos

ALE International shortened their 40 entities complex consolidation process, IFRS and Chinese GAAP from 8 to 3 days with CCH Tagetik fast closing

Customer Videos

BNP Paribas Can Now Find Insights Faster with Plans and Trusted Actual Data in CCH Tagetik's Financial Platform

Customer Videos

Vemedia has simplified their profitability reporting by brand with CCH Tagetik.