Case Study: UniCredit Group achieves faster, unified consolidation to manage rapid growth with CCH Tagetik

CPM is a Solution for Managing the fast growth at Unicredit group

UniCredit Group, a major European banking group operating across more than 20 countries with some 500 consolidated entities and over 3,000 finance users, faced fragmented reporting, inconsistent KPIs and growing regulatory and consolidation complexity driven by rapid expansion and multiple acquisitions. The bank needed a single, standardized approach to statutory and management consolidation, faster close cycles, regulatory compliance and a common chart of accounts to align strategic goals with day-to-day accounting and planning.

UniCredit implemented a phased corporate performance management (CPM) program (CF ONE) based on a Tagetik solution and an internal competency center, moving to a web- and Excel-friendly, group-wide platform and common data model. The initiative delivered full group consolidation for ~500 legal entities, compliance with IFRS/Italian GAAP and XBRL, shortened consolidation from 35 to about 20 days, and reduced costs nearly 10% in the first year with a targeted 20% reduction over three years.

UniCredit

Roberto Monachino

Senior Executive