Case Study: Prada streamlines consolidation and eliminates manual work with CCH Tagetik

How Prada Streamlined Consolidation, Eliminated Manual Work and Got More Time to Analyze the Results

Prada, an Italian luxury fashion house, faced a major challenge with a slow and inefficient consolidation process. They were using two different systems, Oracle Hyperion Financial Management (HFM) and SAP SEM, which required extensive manual work to transfer data between them. This cumbersome process was so time-consuming that it left the finance team with no opportunity to analyze the final results, prompting their search for a single, unified solution from a vendor like CCH Tagetik.

By implementing the CCH Tagetik platform for consolidation, budgeting, and planning, Prada streamlined its entire workflow. The solution automated calculations, eliminated manual steps, and provided a single source of truth for both statutory and managerial reporting. As a result, CCH Tagetik helped Prada significantly expedite its processes, gain real-time visibility into local performance, and free up valuable time for analysis, with the team praising the solution for being easy to use and highly customizable.

Prada

Elena Martinelli

Project Finance Manager