Case Study: Crédito Agrícola Group achieves 50% faster consolidation and rapid regulatory reporting with CCH Tagetik

Crédito Agrícola Group - Customer Case Study

Crédito Agrícola Group (GCA) is a Portuguese financial cooperative network of 89 local banks and more than 670 branches serving over one million customers. Facing stricter Banco de Portugal regulatory requirements and a complex group structure (110 consolidation entities, cross‑shareholdings and four sub‑consolidation sites), GCA needed to modernize and speed up statutory consolidation, regulatory and monthly management reporting while integrating data from Profile, Primavera, SAP and Navision into a single Microsoft SQL Server repository.

GCA implemented Tagetik in 14 weeks to unify data, automate validations and handle line‑by‑line and one‑line consolidations. The new solution cut consolidation time by 50 (to about four hours), processes consolidation parameters in five minutes, produces reports in under a minute, enables reconciliation and certification within two days after close, and meets Banco de Portugal reporting rules—delivering faster, auditable reporting and a platform for expanded management and budgeting use.

Crédito Agrícola Group

Francisco Machado

Coordinator of the Accounting Department of Accounting and Retail Services