The power of performance

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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

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Expertise

CCH Tagetik, Change Management, Consolidatie, CPM Tool Selection

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Fugro

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Tetra Laval International

Tetra Laval International

Cases

Tetra Laval International

Satriun has implemented the SAP Financial Consolidation (BFC) application for IFRS reporting at Tetra Laval International level as well as the management reporting and consolidation SAP application at Tetra Pak sub-group level. Satriun supports the group in the management of its SAP EPM applications.

The Tetra Laval Group consists of three industry groups, Tetra Pak, Sidel and DeLaval, all focused on technologies for the efficient production, packaging and distribution of food. The group is the leader for food processing and packaging equipment in the world.

Working closely with its customers and suppliers, Tetra Pak provides safe, innovative and environmentally sound products that each day meet the needs of hundreds of millions of people in more than 170 countries around the world.

Every day millions of dairy animals are milked, fed and maintained by DeLaval solutions in more than 100 countries worldwide – and DeLaval meets with over 10 000 milk producers on their farms.

Sidel is responsible for helping to package beverages  enjoyed by millions of consumers around the world every day. With 30,000 machines installed in more than 190 nations, Sidel has been helping food and beverage producers for over 100 of its 160 years of existence.

 

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Expertise

Consolidatie, CPM Tool Selection, Onderhoud en support, Planning en Budgeting, SAP

Cliënt

Tetra Laval International

TeamViewer

TeamViewer

Cases

Teamviewer

TeamViewer, world’s most downloaded remote support solution, has more ownership over data and reporting and more consistent, higher quality and better auditable data thanks to its new CCH Tagetik Corporate Performance Management platform implemented by Satriun Group.

Key Challenges

  • Interfaces to accounting solutions Datev and Quickbooks
  • Need to streamline and speed up the reporting process
  • Income statement by nature and by function
  • More focus on cash flow and budgeting & planning

 

Project Highlight

  • Monthly data collection
  • Financial consolidation and management reporting
  • Automated cash flow reporting
  • IFRS consolidated financial statements in Tagetik CDM

 

Key Benefits

  • More local ownership over data and reporting
  • More consistent, higher quality and better auditable data
  • Reduced manual effort during the consolidation process
  • Valuable insight into cash flows

 

We found the optimal solution both with Tagetik as our new corporate performance management system and Satriun Group as our implementation partner. With their hands-on mentality and truly customer focused approach Satriun Group did a tremendous job in helping us to achieve our goals on time and in budget.

Stephan Kniewasser

CFO, Teamviewer

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Expertise

Cash Flow, Change Management, Consolidatie, CPM Tool Selection, Onderhoud en support, Planning en Budgeting

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TeamViewer

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.

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Expertise

Change Management, Consolidatie, CPM Tool Selection, Onderhoud en support, Planning en Budgeting, SAP

Cliënt

ProSiebenSat.1 Group

Randstad

Randstad

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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Expertise

Cash Flow, CCH Tagetik, Change Management, Consolidatie, CPM Tool Selection, IFRS 16, Onderhoud en support

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