Exclusive portal designed for our Customers and Partners

Log in

Request for Access

Blog
logo
logo
countries flags

CCH Tagetik empowers HH Hunt to harness their data and gain business insight.


HH HUNT chose CCH Tagetik to deliver their enhanced cash flow reporting across multiple lines of business with different planning structures, different COA, in a timely consolidated reporting.

Transcript


HH Hunt is in four different lines of business: we do land development, build apartment and senior living facilities, we're home builder, community developer, they're all separate accounting and so we have four ERPs and what I found was the controllers of the different business lines were sending their reports to one of the controllers who would just consolidate everything.

So I was trying to pull trial balances from the system, manually in Excel and found that there were a lot of mistakes in the reports.

The accuracy wasn't there and I knew management had had some concerns about that.

It was a very manual process and the month-end close it's from the 20th to the 25th, so it's not efficient, people are just crunching numbers when they could analysis and helping the business, adding value.

One of the things that was most exiting to everybody is on the budgeting side: the double entry helps you build the cash flow and balance sheet, which is very manual right now and that's the main reporting that the company looks at is cash flows.

When we were talking to the other vendors asking about the enhanced cash flow reporting, they didn't have that specifically but they said it could be built and we were thinking 'it's already in there, we don't want to have to direct somebody else to do it'.

I am hoping that we're going to reduce the time of the close significantly, have confidence in the data, get dashboards for the executives, they love a dashboard and then with the budgeting we have not done any reforecast just because it's so manual and there are business leaders who want to be able to reforecast, so we think they we'll be able to start doing quarterly forecast.

I would definitely recommend CCH Tagetik to somebody else based on my experience so far.

Most Recent Videos

Customer Videos

Evolve Now: EVAPCO's experience

Customer Videos

Ricardo implemented CCH Tagetik's software solution for Financial Planning and Consolidation.

Customer Videos

ATC automates in 'one go' their Budgeting, Planning and forecasting across their financial and operational business.

Customer Videos

How Priva Manages Diverse Offices with Integrated Data

Customer Videos

Sealord speeds up their financial close, while keeping pace with evolving accounting standards.

Customer Videos

Wolters Kluwer APAC boosts their planning processes by bringing together granular financial and operational data in a single solution.