Case Study: EVAPCO, a global heat-transfer manufacturer, achieves a monthly financial close in six days (down from four weeks) with CCH Tagetik

How Evapco leverages CCH Tagetik platform to deliver their Account Reconciliation to distribute reconciliation needs across multiple data sources

EVAPCO, a global manufacturer of heat-transfer solutions operating 30 companies in 12 currencies, faced a slow, burdensome financial close—previously done annually and taking about four weeks to complete. That long cycle hindered timely reporting and placed heavy strain on the finance team.

By moving to the CCH Tagetik cloud platform for consolidation, account reconciliation, forecasting and lease accounting, EVAPCO now closes monthly within six days of period end. The implementation improved speed, accuracy and traceability of consolidation data, streamlined lease calculations, and enabled controllers to review accounts sooner—boosting productivity and confidence in the close.

EVAPCO

Jeffrey Finch

Chief Financial Officer