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Fugro

Fugro

Cases

Fugro

CCH Tagetik

Fugro, the world’s leading Geo-data specialist, implemented CCH Tagetik on HANA to replace its existing Oracle Hyperion Financial Management (HFM) solution for consolidation and group reporting.

Key challenges

  • IFRS-based financial consolidation and reporting for actual, budget and forecast data
  • Source data acquisition from over 300 legal entities using 5 master ETL routines
  • Interpretation and migration of HFM rules file to CCH Tagetik functionality
  • Excel-based consolidated cash flow statement migrated to CCH Tagetik
  • Complex DSO formula using the absorption method of calculation
  • HFM’s entity dimension not only featuring legal entities but also managerial units
  • Extensive management reporting decks in Excel and PowerPoint

 

Project highlights

  • Integrated data model for IFRS- and management reporting purposes
  • Income statement by region / division / business line / service line
  • Matrix consolidation with intercompany eliminations by entity and by region
  • Entity dimension featuring only legal entities for easier intercompany reporting
  • Monthly consolidation incl. automatic equity pick-up & equity consolidation incl. CTA
  • Classroom trainings delivered globally for a 200+ user base

 

Key benefits

  • Delegated intercompany matching using the CCH Tagetik IC matching cockpit
  • Phased submission using the CCH Tagetik process management cockpit
  • Cost allocations using the CCH Tagetik allocation engine to enable P&L by region
  • Fully automated equity pick-up and equity consolidation

With our HFM licenses expiring, we were looking for a solution to not just replace existing functionality, but to also enhance and automate our consolidation and reporting processes. It wasn’t always an easy ride, but in the end I am very positive and satisfied with Satriun and with CCH Tagetik on HANA, and believe it was the right choice of software and partner.

David-Alexandre Guez

Group Controller , Fugro

Agfa-Gevaert Group

Agfa-Gevaert Group

Cases

Agfa-Gevaert Group

The Agfa-Gevaert Group develops, produces and distributes an extensive range of imaging systems and IT solutions, mainly for the printing industry and the healthcare sector, as well as for specific industrial applications.

Agfa’s headquarters and parent company are located in Mortsel, Belgium. The Group’s operational activities are divided in four divisions: Offset Solutions, Digital Print & Chemicals, Radiology Solutions, and HealthCare IT. All divisions have strong market positions and well-defined strategies.

Agfa’s largest production and research centers are located in Belgium, the United States, Canada, Germany, France, the United Kingdom, Austria, China and Brazil. Agfa is commercially active worldwide through wholly owned sales organizations in more than 40 countries. In countries where Agfa does not have its own sales organization, the market is served by a network of agents and representatives.

Sodexo

Sodexo

Cases

Sodexo

Satriun accompanies the transformation of the group from a geographical-based to a segment-based organisation liaising between Finance and Group Performance Solutions teams to update and improve the Oracle HFM, Essbase and HSF platform.

Sodexo is the worldwide leader in Quality of Life services. For over 40 years, Sodexo has developed unique expertise, backed by nearly 419,000 employees in 80 countries across the globe. In combining the diverse talents of their teams, Sodexo is the only company to integrate a complete offer of innovative services, based on over 100 professions. Sodexo develops, manages and delivers a unique array of On-site Services, Benefits & Rewards Services and Personal and Home Services for all their clients to improve the Quality of Life.

Their experiences with their over 75 million customers each and every day enable them to develop Quality of Life services that reinforce the well-being of individuals, improving their effectiveness and helping companies and organizations to improve performance…every day.

 

Scor

Scor

Cases

Scor

Satriun implements insurance regulatory reporting solutions for Scor based on SAP Enterprise Performance Management solutions (SAP BFC, DM, Solvency II-Pilar III).

Scor is a global group of financial services companies, primarily focused on reinsurance. The main companies of the group include Scor Global P&C (property and casualty reinsurance), Scor Global Life (life reinsurance), and Scor Global Investments (asset management). Scor is the world’s 5th largest reinsurer. Scor operates an organisational structure based on Hubs: Paris, Zurich, Cologne and London for Europe, Singapore for Asia and New York for the Americas.

ProSiebenSat.1 Group

ProSiebenSat.1 Group

Cases

ProSiebenSat.1

Satriun advised ProSiebenSat.1 during its migration from SAP EC-CS to SAP Financial Consolidation (BFC), and increased the focus on cash flow statement and budgeting & forecasting.

The ProSiebenSat.1 Group is one of the largest independent media corporations in Europe. Free TV financed by advertising is its core business. The ProSiebenSat.1 Group is the number 1 in the German TV advertising market with its stations SAT.1, ProSieben, kabel eins, sixx, SAT.1 Gold and ProSieben MAXX. In total, the Group reaches about 42 million TV households with its 15 TV stations in Germany, Austria and Switzerland. The ProSiebenSat.1 Group grows in its core business via new TV stations and its HD distribution business that will also develop dynamically in the years to come.