Case Study: Sumitomo Rubber achieves trusted, automated budgeting and faster planning with CCH Tagetik

Sumitomo get's ahead of the game with CCH Tagetik's budgeting & planning capabilities

Sumitomo Rubber Industries, a global tire and rubber manufacturer (brands include Dunlop, Falken and Ohtsu), was managing budgeting, planning and forecasting in multiple Excel models. The Excel-based process took around two months per cycle, introduced manual errors, lacked data validation and eroded trust in results while preventing timely updates.

Sumitomo moved to CCH Tagetik Cloud for budgeting, planning, consolidation and disclosure management, choosing the platform for its flexibility and ability to be tailored to specific requirements. The solution automated data collection and deadline notifications, restricted edits to authorized users, streamlined the workflow and significantly shortened the time finance spends on the process while restoring confidence in the numbers.

Sumitomo Rubber

Eugene Bang

FP&A Manager