Case Study: Wintrust achieves faster forecasting and automated consolidations with CCH Tagetik

Wintrust - Customer Case Study

Wintrust Financial Corporation is a Chicago-area financial services holding company with ~150 branch locations, more than $20B in assets and a track record of rapid growth through acquisitions. As the business expanded (nine acquisitions since 2011), its legacy financial system became unsupported and unable to handle increasing complexity. The FP&A team needed more frequent, detailed forecasting and budgeting (down to cost-center, department and instrument level), automated consolidations, multi-year regulatory planning, improved audit trails, and internal administration and user controls.

In 2014 Wintrust implemented Tagetik’s Financial Performance Platform and completed its first forecast in March 2015. The solution now supports end-to-end planning — budgeting, frequent forecasts, cash-flow by instrument, automated consolidations and regulatory reporting — with the FP&A team managing the system internally. Results include automated consolidations in under 10 minutes, end-to-end forecasting completed in about two weeks, instrument-level planning and scenario simulations for acquisitions and rate changes, broader participation (≈30 users) and reduced outsourcing costs with improved data accuracy and auditability.

Wintrust

Joel Macholan

Vice President Financial Planning & Analysis