Case Study: Ajinomoto Improves Forecast Accuracy and Cuts Rolling Forecast Time with CCH Tagetik

Ajinomoto improves forecast accuracy to within 5% with CCH Tagetik

Ajinomoto Co., Inc., a global food and bio & fine chemical company, faced significant challenges in its financial planning and forecasting processes. Its data was fragmented across separate systems, creating immense manual effort and hindering the collection of non-financial information. This lack of integration slowed management decision-making and posed a major obstacle to the company's strategic shift to rolling forecasts. To address this, Ajinomoto turned to CCH Tagetik for its budgeting, planning, and forecasting and financial close and consolidation solutions.

The CCH Tagetik platform provided a flexible master data structure and a comprehensive data integration platform, enabling Ajinomoto to centralize financial and non-financial data from over 180 business units globally. The implementation delivered dramatic results, including forecast accuracy with business profit variance within 5% of targets and a reduction in rolling forecast processing time by 200 hours annually. CCH Tagetik also enabled the expansion of rolling forecast coverage to 36 entities, enhancing global management and investor trust through the rapid disclosure of accurate figures.

Ajinomoto