Case Study: Nelnet (US student loan & educational financial services) achieves streamlined budgeting, unified planning and 30-minute reconsolidation with CCH Tagetik

Why Nelnet decided to switch to CCH Tagetik for their Budgeting, Planning and Consolidation

Nelnet, a leading U.S. student loan servicer and educational financial services company, needed a more affordable, flexible system after eight years on SAP BPC. The finance team struggled with complex budgeting and planning across many cost centers and job codes—especially mass hiring scenarios—and required better collaboration and faster consolidation for executive and SEC reporting.

Nelnet implemented CCH Tagetik to unify budgeting, planning and consolidation in a single platform. The solution lets them budget large groups of personnel at scale, supports simultaneous user collaboration, and shows intercompany eliminations side-by-side. As a result, executive reports are delivered faster, reconsolidation of late adjustments is reduced from hours to about 30 minutes, and the overall close cycle has shortened significantly.

Nelnet

Brooke Ward

Manager Corporate Financial Planning & Strategy