Case Study: Tillotts Pharma achieves faster reporting and more flexible planning with CCH Tagetik

Tillotts Pharma shortens budgeting by 4 weeks with CCH Tagetik

Tillotts Pharma, a specialty pharmaceutical company, faced significant challenges in managing its highly granular financial and operational data across multiple countries. Using a manual process of gathering Excel files via email was time-consuming, prone to error, and delayed financial reporting. Their objectives were to centralize data for better insights and achieve compliance with IFRS 16 lease accounting standards. This led them to partner with CCH Tagetik.

The solution from CCH Tagetik involved implementing its Consolidation, Budgeting and Planning, and Lease Accounting software modules. The CCH Tagetik Analytic Information Hub centralized data, automating reporting and analysis. As a result, Tillotts shortened its budgeting process by four weeks, can now generate ad-hoc reports within days, and achieved IFRS 16 compliance. The flexibility of the CCH Tagetik tools has become essential for decision-makers, allowing the finance team to operate autonomously.

Tillotts Pharma