Case Study: Mondo Convenienza reduces financial statement cycle times with Wolters Kluwer CCH Tagetik

Mondo Convenienza - Customer Case Study

Mondo Convenienza, a major Italian retail group, faced the challenge of managing its complex and rapid growth with outdated, isolated financial systems. Their processes were manual and decentralized, making it difficult to produce consolidated financial statements and reports efficiently while ensuring data integrity. To overcome this, they partnered with Wolters Kluwer ELM Solutions to implement the CCH Tagetik corporate performance management solution.

By implementing Wolters Kluwer's CCH Tagetik software, the group centralized its data into a single, traceable database and automated key financial processes. This solution provided the flexibility to handle regulatory changes and a customizable ETL system for data loading. The results were significant: manual activities were reduced by over 50%, cycle times for financial closing were optimized, and the company now benefits from guaranteed data consistency and greatly improved reporting quality.

Mondo Convenienza

Giuliano Caruso

Head of the Accounting Data Processing Center and Administrative Services-Holding