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Rabo Bouwfonds Communication Infrastructure Fund


Rabo Bouwfonds Communication Infrastructure Fund

Balance sheets, P&L, financial management, reporting, Collaborative Office for quarterly and annual reports


“CCH Tagetik has accelerated our reporting processes and improved our financial analytics. We have gained more control over our financial data and can now produce periodic reports including quarterly fund reports, the annual financial statements and analyses for our management faster and more efficient than before.”

Hans Kooij, Fund Controller, CIF


 

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the challenge

The Rabo Bouwfonds - Communication Infrastructure Fund (CIF) is a leading investment fund focusing on long-term investments in Dutch communication infrastructure. CIF’ shareholders are institutional investors and include the largest pension funds in the world. CIF is managed by Bouwfonds Investment Management (BIM), which is part of the Rabo Real Estate Group, a subsidiary of the Rabobank Group. The CIF fund size is between €750M to €1B.


Due to the growing number of entities within the group, expanded demands for shareholder reporting, and increasing regulatory reporting requirements, the time spent on reporting had grown significantly, along with the amount of inconsistency found in the reports. In early 2015, a CIF project team was formed to evaluate CIF’s existing processes and to search for a suitable reporting solution. After evaluating several vendors, in April 2015, the team selected CCH Tagetik’s solution based on a rigorous proof of concept.


The primary focus of the reporting transformation project was to rebuild the entire reporting process, including budget comparisons and historical analyses. In doing so, the team aimed to streamline reporting cycles, increase data consistency, create a single source of truth, and increase reporting efficiency overall. CIF also wanted to bring all report production in house to save on costs and time.

Benefits

Benefits


Efficient reporting process

With CCH Tagetik’s Collaborative Office solution CIF can produce efficient and collaborative annual and quarterly fund reports

Reduced staff for reporting

Three to four full-time employees worked on reports. Now this is cut in half and CCH Tagetik was able to support this in the best and most efficient way

Eliminated need for external printing company

Before CCH Tagetik, the report printing was performed by an external printing company

Single source of truth

Streamlined reporting cycles, increased data consistency, single source of truth

Transparency and control

A complete audit trail also provides much more transparency and control over source data

Repository for all reporting data

CCH Tagetik’s database now provides a repository for all reporting data – ranging from actuals and historical data to budget numbers and current forecasts

the solution

With CCH Tagetik, CIF is able to report more efficiently and consistently than before. CIF controllers are also able to analyze the data before reporting to shareholders. Because the solution stores various data scenarios, controllers can analyze historical trends and make comparisons to previous periods, budget figures, or forecasts.


A complete audit trail also provides much more transparency and control over source data. CIF restructured reporting processes and procedures, which reduced staff resources dramatically. Prior to restructuring, three to four full-time employees worked on reports. Now this is cut in half and CCH Tagetik was able to support this in the best and most efficient way. CIF has also eliminated the need for an external printing company. Additionally, reports are now available when needed to a much wider business audience.

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