CCH Tagetik - Financial Close & Consolidation

Fully Automated. Simply Consolidated. For a Fast and Accurate Close.

Overview

We manage the complexity, so you can accelerate your close

Speed up your financial close, while keeping pace with evolving accounting standards. Manage complex global requirements in a consolidation workflow that streamlines processes from end-to-end — from local close to group consolidation to regulatory reporting and disclosure.

The Analytic Information Hub centralises all granular financial and non-financial data to enable integrated reporting  and a faster close. With a single trusted source of information, you can confidently use consolidated data in all other financial processes – Budgeting, Planning & Forecasting , Reporting and Disclosure.

CCH Tagetik - Financial Close & Consolidation

Key Capabilities

Modernise your consolidation tools. Manage multiple entities–automatically–in a single system. With rich consolidation intelligence, CCH Tagetik takes care of the complexity so you can accelerate the close and consolidation process across all business entities.

  • Smart consolidation cockpit
  • Automated intercompany transactions
  • Prepackaged compliance with IFRS, GAAP and other regulatory standards
  • Process-driven consolidation workflow
  • Data governance and audit trails

Key Reasons

3 reasons why CCH Tagetik Financial Close & Consolidation lets you focus on your Business:

  • Single Point of Truth - Automate the entire financial consolidation process. Complete trial balance imports, intercompany reconciliations, journals and reporting in a single platform.
  • Advanced Consolidation Intelligence - Monitor each consolidation step in a smart cockpit where you can do everything from eliminating intercompany transactions to managing multi-currency conversions.
  • Compliance and Control - Get compliant by using one set of data to drive GAAP, IFRS and XBRL reporting. CCH Tagetik's automated financial controls, validation rules, and complete audit logs ensure complete data and process transparency.

Key Benefits

Address multi-entity challenges of global organisations in CCH Tagetik's end-to-end financial close solution. CCH Tagetik makes it easy to manage the entire consolidation process by automating intercompany eliminations, equity adjustments, currency conversions,multi-statutory requirements and more.

  • Quickly manage & consolidate complex organisation structures
  • Easily calculate minority interest and equity adjustments
  • Handle multi-entity consolidations with unlimited hierarchies
  • Perform on-the-fly multi-currency conversions
  • Address multi-accounting standards and regulations
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Technology in Action

CCH Tagetik Consolidation & Close

Our Credentials

  • Strategic Partner since 2008 Tagetik launch in UK.
  • Certified Platinum status and Country Awards winner.
  • 12th Year  - Successful Delivery of CCH Tagetik Projects.
  • Over 150+ distinct projects across CCH Tagetik Consolidation and Budgeting/Planning Projects including first wave of IFRS16 and IFRS17 engagements.
  • Leading AIH practitioners.
  • Connected at every level in CCH Tagetik ecosystem. Strong relationship with Tagetik C-Level and Product Development.
  • Demonstrable Road-Map Influence.
  • Conduct Tagetik Prospect Workshops, Clinics and Customer Forums.
  • Package Development and IP.

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