Statutory and Management Consolidation, Management reporting
”Despite the complexity of the project and a few unexpected complications, we were still able to roll out the software within our allotted six-month time frame. All in all, we are very satisfied with the capabilities of CCH Tagetik, the expertise of CRMT and the results of this project.”
Romana Meglen, Head of Accounting
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Holding Slovenske elektrarne (HSE) is the largest Slovenian organization that generates and sells electricity on the national wholesale market. Due to the growing complexity of collecting, consolidating and reporting data from the group’s 16 subsidiaries, HSE decided to replace its aging Excel-based tools with a new, integrated solution.
One of HSE’s main objectives was to accelerate the process of collecting and processing data for its annual and quarterly financial statements. The group wanted to increase the transparency in each consolidation phase as well as improve the collaboration with its 16 subsidiaries, prepare higher-quality reports, and increase reporting credibility while reducing costs in the process.
- Consolidation of 16 companies
- Common database
- Process integration
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