Case Study: Evli Bank achieves real-time financial transparency and faster closes with CCH Tagetik

Evli Bank - Customer Case Study

Evli Bank Plc is an investment-focused bank managing €13.6 billion in assets and is the 4th largest fund manager in Finland. Facing the end-of-life of its legacy consolidation system (Oracle HFM), Evli struggled with a manual, hard-to-maintain reporting process, poor visualization, and a complex structure of 21 legal entities and varied ownerships. Management sought a cloud-based consolidation solution to improve transparency, automation, visualization and auditability.

Evli implemented CCH Tagetik Consolidation with partner HSolutions, covering data loading through disclosure in a single, traceable workflow. The new system delivered faster, smoother book closings, a transparent intercompany matching process and improved audit trails, reduced manual work to free time for analysis, and an easy-to-maintain, flexible platform for frequent reporting.

Evli Bank

Juho Mikola

CFO