Case Study: Raiffeisen Bank International achieves faster, flexible group planning with Wolters Kluwer ELM Solutions CCH Tagetik

Raiffeisen Bank International - Customer Case Study

Raiffeisen Bank International AG faced a challenge in consolidating its budget and forecast data from 142 business units across 17 countries. Their internal IT team found that building a custom tool would require a significant amount of work for minimal results. They needed a flexible, web-based financial consolidation and planning solution to improve data quality and process transparency. They turned to Wolters Kluwer ELM Solutions and implemented its CCH Tagetik performance management software.

Wolters Kluwer ELM Solutions provided a single platform-independent solution with CCH Tagetik that was rapidly deployed in just four months. The implementation allowed RBI to consolidate a minimal data set, generate budgeted balance sheets and P&L statements, and analyze them from any angle. The results included optimized processes, better data quality, and more transparent business operations. The success of the initial rollout led RBI to plan further implementations of CCH Tagetik for additional financial processes.

Raiffeisen Bank International

Michael-Hagen Weese

Head of Business Informatics