Case Study: Swarovski achieves crystal-clear consolidation and a single source of truth with CCH Tagetik

Swarovski implemented CCH Tagetik’s software solution for Consolidation and Planning on SAP HANA

Swarovski, the global crystal and precision-instruments group with about 34,500 employees, EUR 3.5 billion in sales and roughly 200 reporting subsidiaries, needed to modernize its finance consolidation. Its legacy consolidation and OLAP reporting tools were separate from the BI/data-warehouse landscape, creating extra interfaces, maintenance overhead and inconsistent financial data; the goal was a single source of truth on SAP HANA.

Following a detailed vendor selection, Swarovski implemented CCH Tagetik on SAP HANA (Mar–Oct 2017) to integrate consolidation with the data warehouse. The solution delivers data directly into a guided workflow for local accountants, significantly speeds up reporting (data review now within minutes vs. 15–20 minutes per company), and produces a leaner, more consistent and scalable platform for consolidation and future planning.

Swarovski

Thomas Bode

Global Head of Enterprise Data & Analytics