Case Study: Talanx achieves accurate, timely consolidation and simplified intercompany reporting with CCH Tagetik

Talanx reduces the effort of their annual close and reporting process across all business entities with CCH Tagetik!

Talanx, a German multinational insurance and asset-management group, faced complex intercompany activity across direct insurance and reinsurance units and a large network of sub-holdings. Meeting stringent regulatory and reporting requirements—Solvency II, IFRS 9 and the large IFRS 17 projects—made quarterly and annual consolidation, minority interests, deconsolidations and other period-to-period changes difficult to manage reliably and on time.

By implementing CCH Tagetik for consolidation, IFRS 17 and Solvency II reporting, Talanx unified consolidation, automated validations and used an integrated intercompany cockpit to reconcile entities worldwide. The result was faster, on-time reporting, greatly improved data quality and accuracy, and confidence that even preliminary figures are reliable—benefits the Group Accountant says are critical for the CFO.

Talanx

Michael Moormann

General Accountant