Case Study: Gilgen Door Systems achieves more efficient consolidation with Wolters Kluwer CCH Tagetik

Gilgen Door Systems AG implemented CCH Tagetik Financial Transformation Platform for Planning and Consolidation

Gilgen Door Systems AG, a Swiss manufacturer of automatic door systems, faced a significant challenge after its acquisition by the Japanese Nabtesco Group. Their previous reporting solution was no longer viable, and they required a new system capable of handling diverse subsidiary accounting practices and the specific reporting requirements of their new parent company. They turned to Wolters Kluwer ELM Solutions and its CCH Tagetik corporate performance management platform for a solution.

Wolters Kluwer implemented CCH Tagetik, which offered a simple, Excel-based data import that required no complex interfaces, making it easy for all subsidiaries to use. The platform's flexibility successfully met the parent company's unique cost-reporting demands. The solution resulted in a much more efficient consolidation process, allowed for the equal treatment of actual and planned figures, and enabled the fast generation of forecast scenarios that could be decentralized.

Gilgen Door Systems AG

Raphael Engelberger

Chief Financial Officer