Case Study: Tillotts Pharma shortens budgeting and streamlines reporting with Wolters Kluwer ELM Solutions CCH Tagetik

Tillots Pharma - Customer Case Study

Tillotts Pharma, a specialty pharmaceutical company, faced a challenge in leveraging its highly granular, multi-country financial data. Their process of gathering data from emails and Excel files was time-consuming, prone to error, and caused delays in reporting. They needed a centralized solution from a vendor like Wolters Kluwer ELM Solutions to accelerate insights and achieve compliance with IFRS 16 lease accounting standards.

Wolters Kluwer implemented its CCH Tagetik platform, which provided consolidation, budgeting, planning, and specialized reporting modules. The solution automated reporting and analysis, allowing Tillotts to shorten its budgeting process by four weeks and generate ad-hoc forecasts within days. The measurable impact included fine-tuned drug lifecycles and the ability to easily manage complex, multi-currency lease accounting, ensuring compliance and operational efficiency for the finance team.

Tillots Pharma

Marcel Portmann

Head of Finance