CAREER
    CONTACT US
    Avatar_Color
    Back to achievements

    Convergence of the budget and consolidation process

    • Practice
    Budgeting & Planning
    • Team

    • Technical environment
    Time-saving
    once the application is mastered
    Consistent
    data
    Shared
    repository between applications
    CHALLENGES
    • Migrating IS Oracle to Tagetik

    • Homogenize IS environment​

    • Controlling data entry and closing schedules

    • Have a flexible tool that adapts to the needs of different teams ​

    • Keep the amounts on a fine level of accounting​
    SOLUTION
    • 1 Tagetik application, with 2 processes: Closing and Budget&Forecast
      ​
    • 1 local workflow + 1 central workflow​

    • Complete and diverse reports for each team​

    • Customized allocation and reconciliation rules​

    • Time-dependent hierarchies for entities to differentiate their consolidation type​

    • A Datavisualization part on Tableau to make reports more dynamic and readable​
    BENEFITS
    • Saves time once the application is mastered ​

    • Consistent data ​

    • Budget schedule respected​

    • ​Users are responsible and familiar with the element codes since the repository is shared between applications ​