Case Study: Losch Luxembourg achieves faster financial reporting and cash flow planning with Wolters Kluwer CCH Tagetik

Losch Luxembourg - Customer Case Study

Losch Luxembourg, an automotive distributor with approximately 900 employees, struggled with inefficient, spreadsheet-dependent financial processes. To modernize its operations, the company sought to eliminate manual data collection, improve reporting, and implement robust planning and cash flow management. They partnered with Wolters Kluwer ELM Solutions and its CCH Tagetik platform to address these challenges.

Wolters Kluwer implemented its CCH Tagetik solution for financial reporting, consolidation, and planning. This deployment, managed with an implementation partner, resulted in a 40% decrease in data collection time and provided powerful new capabilities for cash flow optimization and cross-company analysis. The solution delivered significant efficiency gains, allowing Losch's finance team to shift from manual tasks to value-adding analysis and decision support.

Losch Luxembourg

Karsten Noth

Chief Financial Officer