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I think the main challenges that we faced particularly in the office of Finance is that 

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we still have quite a high degree of manual work, our financial services industry is highly regulated which means that the demand on the finance function is quite

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high, a lot of changes happening, a highly competitive landscape, all the business developments as well as the developments in the office of Finance leads to the finance function

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being a very important one and there's quite a lot of stretch on  my teams. Prior to using CCH Tagetik we were using spreadsheets,

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the only thing that we had was a general ledger system, before the entire reporting and consolidation process it was a highly spreadsheet driven process, 

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CCH Tagetik has specific features that are well-suited to the insurance industry. We've implemented the reporting and consolidation solutions more or less

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across the entire Asset Management organization and specifically in our US region we have also already implemented a number of functionalities

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that are more related to the budgeting, forecasting and cost allocation processes. We're currently working on setting up a global data model,

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when we started the implementation in the past we've implemented CCH Tagetik quite locally or regionally, but we manage

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the organization on a global level and we need management information on a global level. The most notable way on how CCH Tagetik has impacted the productivity in the processes

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and the effectiveness of the processes is that it's much more automated, it helps us to do a faster closing, it frees up time from people,

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even during a monthly closing process to also spend time on the more value-added work of the business. I think what CCH Tagetik has done well 

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together with people from our side obviously is that we have done a very thorough preparation process before we actually

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started to build the linkage between the system and our downstream systems and I have a very professional and open relationship with our CCH Tagetik consultants

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which means that they always think in the line of our challenges and are able to come up with solutions. What I've learned from CCH Tagetik is that the software

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is set up in such a way that it can basically accomodate a wide variety of industries and a wide variety of companies. 

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I would certainly recommend all companies to consider the opportunity of CCH Tagetik.