Case Study: Ricardo achieves rapid consolidation and expanded planning capabilities with CCH Tagetik

Ricardo implemented CCH Tagetik's software solution for Financial Planning and Consolidation

Ricardo Automotive & Industrial, a global engineering and environmental consultancy focused on transport, energy and scarce resources, needed a single, future‑proof finance platform to handle a complex international structure. The company’s key requirement was a flexible system that could model the business accurately and deliver robust consolidation capabilities — including FX handling and cross‑year reporting — to replace disparate UK‑based project tools.

Ricardo implemented CCH Tagetik in about six months, starting with consolidation and quickly expanding to rolling forecasts, FP&A and modules for budgeting, collaboration and IFRS 16 lease accounting. The rollout improved budgeting and analysis, accelerated organizational change within finance, generated strong internal momentum, and earned a recommendation from Ricardo’s Head of FP&A.

Ricardo

Matthew Fawbert

Head Of Financial Planning Analysis