Case Study: Caisse des Dépôts et Consignations achieves unified financial reporting and 70% cost savings with Wolters Kluwer ELM Solutions

Caisse des Dépôts et Consignations - Customer Case Study

Caisse des dépôts et consignations (CDC), a state-owned French financial institution with a diverse range of subsidiaries, faced the challenge of managing complex and decentralized financial processes. Each entity had its own unique reporting requirements, making enterprise-wide consolidation, budgeting, and auditing extremely difficult. They sought a unified financial platform and selected Wolters Kluwer ELM Solutions' CCH Tagetik software to create a single source of truth while allowing for local flexibility.

Wolters Kluwer ELM Solutions implemented CCH Tagetik, which provided a single application for budgeting, planning, cost calculations, and consolidated reporting. The solution delivered a 50-70% reduction in operational costs by replacing seven legacy systems and cut data processing time by up to two-thirds. It also provided robust audit trails and allowed hundreds of users across CDC's entities to customize their own processes and dashboards, leading to widespread adoption and significant efficiency gains.

Caisse des dépôts et consignations

Mathias Guérin

Deputy Managing Director and CFO