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API Group

Api Group implemented CCH Tagetik's software solution for Planning, Budgeting and Forecasting, Management and Legal Consolidation, Financial Close, Segment Reporting

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The Challenge

Due to the growing complexity of its business and its systems, API Group saw the need to deploy a modern CPM solution. In particular, the company needed to accelerate the process of producing financial statements and statistics while providing better information for making decisions.

CCH Tagetik Solution

  • Collection of operating costs
  • 3-year business plans
  • Segment reports for different business views
  • Reliable, traceable KPI
  • Automated integration between SAP R/3, SAP BW, and CCH Tagetik
  • Financial data mart based on Microsoft SQL Server
  • Non-ERP data input system based on Microsoft Excel

Benefits

Minimize repetitive work and data inconsistencies

It now conducts management consolidation and reporting in the same application that it uses for the financial close and statutory

Accessibility

Users can now access over 1 million records from an SAP system containing over 20 million records

Better management for strategic decision-making

The CPM solution produces approximately 100 reports, 20 of which are used by management for strategic decision-making

Built-in features and Process Support

Thanks to its built-in features and process support, users have gained valuable time to analyze their data and business scenarios

Over 60 users use Tagetik for planning&budgeting

Individual contributors can now compare detailed, up-to-date information on a secure and fully traceable platform

Budgets and Forecasts faster

API Group can create more accurate budgets and forecasts up to 30% faster than in the past

Customer Quote

CCH Tagetik has dramatically improved our planning and control processes, converged our data flows for statutory and management reporting, and streamlined our financial close.

Stefano Cardello - CFO, API Group