Case Study: Hempel achieves budgeting and planning agility with CCH Tagetik

Hempel keeps disclosure, compliance and financial reports in line with CCH Tagetik unified platform!

Hempel, a global leader in protective coatings for decorative, marine, container and yacht markets, faced a complex budgeting and planning challenge: managing a large number of entities and a very detailed chart of accounts while separating statutory and management consolidation without losing transactional detail.

Hempel implemented Wolters Kluwer’s CCH Tagetik for consolidation, budgeting and planning, cash flow and data collection, leveraging a one-to-one relationship with their ERP and a Microsoft-aligned platform that simplified onboarding of acquisitions. The result: cycle times for closes and planning dropped to less than half, greater confidence in a single source of truth, and improved agility to adapt processes and new requirements.

Hempel

Bjorn Born Sylvest

BI Project Manager