Case Study: Raiffeisen Bank International achieves rapid group planning and consolidated budgeting with CCH Tagetik

Raiffeisen Bank International - Customer Case Study

Raiffeisen Bank International AG, a leading corporate and investment bank in Austria and Central & Eastern Europe with about 58,000 employees and 14.6 million customers, needed to consolidate planning and budgeting across 142 business units and roughly 400 report users. The Business Informatics team faced fragmented and minimal raw data, tight turnaround requirements, and demanded features such as flexible organizational structures, fast processing, web access with Excel integration, online validations and automated intercompany reconciliation.

They selected CCH Tagetik (with Microsoft SQL Server as the data mart) and—supported by minimal external consulting—built a group planning and budgeting environment quickly (a rough system in 15 workdays; full rollout in ~4 months). The solution consolidated budget and forecast data, produced budgeted balance sheets and P&L statements, improved data quality and process transparency, sped up reconciliations via an intercompany cockpit, and enabled rapid internal knowledge transfer and broader rollout to more planners and headquarters users.

Raiffeisen Bank International

Michael-Hagen Weese

Head of Business Informatics