Case Study: Erste Group achieves rapid FinRep & IFRS compliance and streamlined group consolidation with CCH Tagetik

Erste Group - Customer Case Study

Erste Group Bank AG, a major Central and Eastern European financial-services group with about 16.6 million customers and roughly 700 entities in its consolidation scope, needed to replace legacy consolidation software as maintenance was ending. Rapid growth and stricter EBA/FinRep and Basel III reporting requirements exposed mismatched consolidation scopes and manual, nontransparent processes; finance required a single, auditable system to harmonize subgroup reporting, enable intercompany reconciliation, and assign clear responsibilities across the group.

After a multi-vendor selection, Erste Group chose CCH Tagetik (with pmOne) and implemented the solution in under a year, connecting all companies, introducing an intercompany‑matching cockpit and supporting sub‑consolidations, segment and risk reporting. The rollout produced a smooth transition, faster and more flexible consolidations at multiple group levels, common standards and cleaner information flows, decentralized intercompany matching, and highly granular, regulatory‑ready data—improving transparency and the group’s ability to respond to ad‑hoc and regulatory requests.

Erste Group

Barbara Kainz

Director Group Consolidation