Case Study: Mersen achieves streamlined financial consolidation and reporting with CCH Tagetik

Mersen - Customer Case Study

Mersen, a global specialist in electrical specialties and graphite-based materials with about 6,400 employees across 35 countries and €739M revenue (2013), faced fragmented, time-consuming consolidation and management reporting. Its legacy tools required repeated data entry and reconciliations, couldn’t keep up with frequent scope changes or statutory IFRS needs, and delivered slow, unreliable financial disclosures—prompting the finance team to seek a unified, flexible solution that would reduce risk and win broad user acceptance.

After a 2011 tender Mersen implemented Tagetik (Feb–Nov 2012), using its Excel-friendly interface and Analytics cube to centralize data, automate monthly IFRS consolidation, budgets and forecasts, and provide unified dashboards. The rollout eliminated duplicate entries, automated consolidated cash flow reporting, improved data quality and dissemination, shortened reporting cycles, and gave the group greater flexibility to respond to changing business and consolidation scopes.

Mersen

Thierry de Taeye

VP, Group Accounting and Controlling