Case Study: Banca Popolare di Milano (BPM) achieves IAS/IFRS compliance and automated segmental consolidation with CCH Tagetik

Banca Popolre Di Milano (BPM) - Customer Case Study

Banca Popolare di Milano (BPM) is an interregional Italian cooperative bank founded in Milan in 1865, with about 6,300 employees, 519 branches and total assets of €32.4 billion (2006). In 2004 BPM set out to adopt IAS/IFRS from 2005—particularly IAS 14 segment reporting—and to tighten reconciliation between management and statutory accounts, rationalize internal reporting and the executive dashboard, automate generation of Notes for each legal entity, and drastically reduce time‑consuming manual processes.

BPM implemented Tagetik CPM’s ETL, Closing & Control and Consolidation processes in a phased program beginning October 2004 and completed in May 2005. The solution automated data collection and reconciliations, enabled IAS 14‑compliant segment reporting and consolidated management accounts, generated statutory Notes automatically and streamlined reporting workflows—significantly reducing manual effort while providing a unified, CFO‑centric platform that met supervisory requirements.

Banca Popolre Di Milano (BPM)

Andrea Rovellini

Banca Popolre Di Milano (BPM)