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CompuGroup Medical


Consolidation, Planning, Enterprise risk management, CDM


“One of the central aspects for us is that with CCH Tagetik, we have been able to almost completely do away with manual work in tables. We have gained huge time savings through standardised data capturing.”

Christian Teig - CFO, CompuGroup Medical


 

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the challenge


With more than 400,000 customers in more than 40 countries worldwide, CompuGroup Medical (CGM) ranks among the leading international software providers in the health sector. With CompuGroup solutions, employees in practices and healthcare facilities are able to quickly and easily access all important data and information for treatment, giving medical staff more free time to care for patients.


In order to optimise planning process and financial consolidation, CompuGroup Medical had actually already decided on a project -based introduction of the corresponding software module from a large ERP specialist. However, it had became clear that the project was in danger of failing, since the desired functionality was not achieved and the solution did not run productively even six months after implementing.


Those in charge at CompuGroup Medical were faced with a tough challenge. Not only did they have to find a suitable replacement, but they had to successfully implement the new solution as rapidly as possible. The long-term objective was to introduce a central control and reporting platform for the financial department where all processes and data in the areas of consolidated accounts, risk management, corporate planning, and management-level reporting could be stored and managed.

Benefits

Benefits


Centralized platform

CCH Tagetik’s as a centralized platform is used for all financial processes, including planning for the enterprise 260 users

Integration of multiple data sources

Relevant data from nine different source systems are automatically imported into the platform for further processing and reporting

Automated intercompany reconciliation

Automated analysis and conversion of various currencies as well as by mapping the internal, intercompany reconciliation between the individual businesses and locations

Huge time savings

Manual working with tables almost completely eliminated, huge time savings through standardised data collection

High flexibility

High level of flexibility and the systematic, consistently deployed platform concept, which was very much in line with the philosophy we wanted to put in place

Quick implementation

Swift and smooth implementation of CCH Tagetik at CGM

the solution


After quick evaluation, CampuGroup Medical selected CCH Tagetik. CCH Tagetik has now established itself at CompuGroup Medical as its centralized financial platform. The solution also handles planning for the entire company structure. Relevant data from nine different source systems – ranging from various SAP modules for HCM, OM, and ERP to systems such as Navision, Zeus, Sage and Jira -- are automatically imported into the platform for further processing and reporting. The chart of accounts serves as a basis for the entire application with the mapping of data models in CCH Tagetik.


Due to the business’s international focus and a diversified company structure, CCH Tagetik supports this through the automated analysis and conversion of various currencies, as well as by mapping the internal, intercompany reconciliation between the individual businesses and locations. Further expansion of CCH Tagetik at CompuGroup Medical is already being planned. As a next step, an update to the new 5.0 version is planned.

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