Case Study: ECE achieves integrated liquidity planning and performance management with Wolters Kluwer ELM Solutions CCH Tagetik

ECE implemented CCH Tagetik's software solution for Planning, Analysis and Consolidation

ECE, a retail company specializing in the development and management of shopping centers, faced challenges with its inflexible Excel-based financial planning. The process was inefficient, required extensive manual data processing, and lacked the performance needed for complex analysis, leading to frustration and overtime. To address this, they turned to Wolters Kluwer ELM Solutions and implemented its CCH Tagetik platform.

Wolters Kluwer implemented CCH Tagetik to create an integrated, database-driven solution for cash flow and performance management. The key to its success was high user acceptance due to deep Excel integration, allowing 300 users to continue working in a familiar environment. The solution drastically reduced time spent on data handling from 60% to 10% of working hours, while time for analysis increased from 40% to 90%. This provided management with a more credible and agile basis for decision-making, with planning deadlines reduced from several weeks to just a few days before meetings.

ECE

Ulf Steinhop

Director Controlling & Risk Management