Case Study: Mersen achieves streamlined financial consolidation and reporting with Wolters Kluwer ELM Solutions

Mersen - Customer Case Study

Mersen, an industrial and electrical equipment company, faced a challenge with its outdated financial software. The existing system could not provide adequate consolidated reporting, leading to inefficient parallel reporting processes with redundant data entry, multiple reconciliations, and an overall lack of flexibility to meet the group's evolving needs. They sought a unified solution to improve their financial management and turned to Wolters Kluwer ELM Solutions and its CCH Tagetik platform for consolidation and management reporting.

Wolters Kluwer ELM Solutions implemented its CCH Tagetik solution, which provided a flexible and streamlined platform for consolidation, reporting, and analytics. The results included the elimination of double data entry, automated cash flow statements, and fully integrated reporting. This provided Mersen with significantly improved data management and the greater flexibility needed to adapt to fast-changing business demands, successfully meeting all of their project objectives for quality, cost, and delivery.

Mersen

Thierry de Taeye

VP, Group Accounting and Controlling