Case Study: API Group Inc. achieves 30% faster budgeting and a streamlined financial close with CCH Tagetik

Api Group - Customer Case Study

API Group, a leading Italian refining, marketing and power-generation company, struggled with fragmented finance processes—relying on spreadsheets and disconnected accounting/reporting systems to manage some 20 million data records per year. That made budgeting, consolidation and financial close slow, error-prone and difficult to trace, while the company needed faster, reliable insight and traceable KPIs to support decision-making.

API Group deployed Tagetik CPM with automated integration to SAP R/3/SAP BW, a Microsoft SQL Server financial data mart and Excel-based inputs, unifying management and statutory reporting on one platform. The result was streamlined planning, consolidation and close processes, reduced manual work, fully traceable data, access to over 1 million SAP records for reporting, about 100 reports (20 used by management), and up to 30% faster budgeting and forecasting.

APi Group Inc.

Stefano Cardello

CFO