Case Study: Banyan Group accelerates financial close with CCH Tagetik

Banyan Group speeds financial close by 5 days with CCH Tagetik

Banyan Group, a global hospitality group, faced challenges with its outdated legacy consolidation system, which was difficult to maintain and required heavy IT support. To modernize its financial processes, the company sought a cloud-based solution and implemented CCH Tagetik Financial Close and Consolidation software to handle its complex multi-GAAP and multi-entity structure.

By implementing CCH Tagetik, Banyan Group accelerated its financial close process by five to eight days and achieved faster, more accurate reporting across its 80+ legal entities. The solution also provided a foundation for future finance transformation and significantly reduced audit issues. CCH Tagetik's robust platform enabled efficient consolidation across multiple countries, currencies, and accounting standards.

Banyan Group