Case Study: Hunterdon Medical Center shortens budgeting and reporting cycles with Wolters Kluwer ELM Solutions

Hunterdon Medical Center - Customer Case Study

Hunterdon Medical Center, a 178-bed non-profit community hospital, faced significant challenges due to its aging financial systems and over-reliance on spreadsheets. This led to a complex, error-prone budgeting process and a lack of insight into cost accounting allocations. The organization needed a unified solution for budgeting, planning, and financial reporting that required minimal IT involvement. To solve this, they turned to Wolters Kluwer ELM Solutions and implemented the Tagetik software.

The Tagetik solution provided a single application with one user interface and database, unifying budgeting and cost accounting. This integration enabled Hunterdon Medical Center to significantly shorten its budget cycle, decrease planning and reporting times, and eliminate manual errors for better security. The implementation provided measurable results, including a clear audit trail that improved accountability and streamlined financial processes for over 100 budget contributors.

Hunterdon Medical Center

John Torley

Director of Financial Planning & Analysis