Case Study: METRO AG achieves faster, more flexible consolidation with Wolters Kluwer CCH Tagetik

Metro AG implemented CCH Tagetik's software solution for Consolidation and Reporting

METRO AG, a leading international commerce group with over 150,000 employees, faced challenges with its aging and inflexible SAP-based consolidation system. The legacy solution required extensive manual work and lacked the agility needed to efficiently handle frequent corporate law changes and complex simulations. To address this, the company sought a replacement and selected the CCH Tagetik solution from vendor Wolters Kluwer ELM Solutions.

Wolters Kluwer implemented its CCH Tagetik platform to serve as the new core of METRO AG's financial consolidation and reporting processes. The solution eliminated time-consuming manual interventions, significantly accelerated consolidation steps, and provided advanced capabilities for simulations and scenario planning. As a result, METRO AG now operates with a uniform data source, achieving greater flexibility, transparency, and a substantially shortened financial reporting process.

METRO AG

Björn Hoffmann

Head of Consolidation System