WEBVTT 1 00:00:03.800 --> 00:00:11.960 Aggreko is one of the market leaders in the temporary power solutions market, we rent generators 2 00:00:11.961 --> 00:00:21.744 to customers in over 50 countries and we have a wide range of products and a wide range of projects where we have to deliver quickly 3 00:00:21.745 --> 00:00:31.528 as customers dictate. The challenges we have there are keeping up-to-date with legislation and disclosure requirements for all those markets 4 00:00:31.529 --> 00:00:38.313 and also providing fast and safe reports and analysis for our overall stock exchange reporting. 5 00:00:38.314 --> 00:00:51.097 I think the modern finance function needs to become more responsive and agile to meet the dynamic landscape, we are focusing quite a bit on getting better operational data linked 6 00:00:51.098 --> 00:00:56.881 to our financial numbers and we see CCH Tagetik as being a key enabler of that, with a strategic roadmap. 7 00:00:56.882 --> 00:01:07.665 Our existing solution was very much end of life, we went through, at that point, a selection process, looked at a number of options and I guess it was the strategic fit 8 00:01:07.666 --> 00:01:20.450 that CCH Tagetik had, a knowledgeble implementation team, a compelling product a fully integrated solution that is covering the whole workspace if you like in terms of 9 00:01:20.451 --> 00:01:30.234 reporting, planning and the group consolidation. We started off with the reporting and forecasting solution and once that was in place 10 00:01:30.235 --> 00:01:40.018 we did budgeting for the next budget cycle and we're now investing further to guarantee to the IFRS 16 module and things like its on the fly currency conversion 11 00:01:40.019 --> 00:01:48.803 was a big win for us. We operate in a lot of markets with a lot of different currencies and it was really quite slow in the previous system to convert. 12 00:01:48.804 --> 00:01:59.187 It's also a very flexible system, you can quickly change to new requirements and new reporting needs, so again it's been easy to support and easy to innovate with. 13 00:01:59.188 --> 00:02:09.371 We can now have everybody working together in a much more parallel and synchronized fashion and that has cut a lot of time out of our group closing process and ease 14 00:02:09.372 --> 00:02:19.343 a lot of the local teams frustration and getting things done. I think it's an exellent product with a wide range of uses and we're looking forward to expanding and developing it in the future.