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Cases

Randstad

Randstad Group, the leading human resources provider in the world, implements successfully an integrated CCH Tagetik Corporate Performance Management solution in the cloud with the help of Satriun.

Randstad plays a pivotal role in the world of work. Randstad has expanded to 39 countries, representing more than 90 percent of the global HR services market. Following the acquisition of Vedior in May 2008, the Randstad company is now the second largest HR services provider in the world. The Randstad company has 28,030 corporate employees working from 4,587 branches, and employs over 567,700 people every day. Randstad generated revenues of € 16.6 billion in 2013. Randstad Holding NV is headquartered in Diemen, the Netherlands, and is listed on the NYSE Euronext Amsterdam exchange.

Corporate Performance Management

  • Monthly and weekly group data collection
  • Financial consolidation
  • Budgeting and rolling forecasting
  • Cash flow and organic growth reporting
  • Management and Investor Relations reporting
  • Annual and quarterly IFRS reporting

 

Key Facts

  • Randstad Group is the second largest HR Services provider in the world
  • Stock listed as RAND on the AEX of NYSE Euronext Amsterdam
  • € 17.1 billion annual revenues (2012)
  • Consolidation of 465 entities in 32 currencies
  • 450 Tagetik users
  • Headquartered in Diemen, The Netherlands

 

Key Requirements

  • Decentralized intercompany matching process
  • Automated equity consolidation by variation type
  • Integrated bottom-up calculated cash flow statement
  • Integrated organic growth calculations

 

Key Benefits

  • General ledger interfaces with drill-through option
  • More consistent and higher quality data
  • Reduced manual effort during the consolidation process
  • Valuable insight into the origin of cash flow
  • Automated organic growth calculations
  • “Low touch” cloud deployment on-time, on-budge

 

I am very proud that we have delivered the project within the timelines that we had set and within the budget. Tagetik will deliver added value to Randstad Group through its advanced functionality and cloud deployment.

Rob Fenne

Managing Director Group Accounting, Randstad Group

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