WEBVTT

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We have operations all over the world, the UK, Australia, Asia, US and Canada,

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so any regulatory changes that happened there, affect us quite a bit, especially some of the more recent changes around GDPR in the UK and financial governance stuff that's been coming out 

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in North America ... it's all been impacting us quite a bit. We have a very dynamic business, we've in the past done anywhere from two to five acquisitions per year 

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so our business has been morphing, changing, growing and our reporting obviously has to grow with that. Another big problem is that our budgeting and reporting systems

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are actually working on two different modules. We have a lot of our more complex stuff done in Excel, so things like dashboarding, ad hoc reporting,

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metrics, KPIs, charting, forecasting, financial modeling and even allocations, they're all done in Excel 

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and our consolidation process is actually built in five separate Excel modules that are then consolidated on a monthly basis.

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All of our balance sheet and cash flow is done manually and our disclosure management, MD&A, financial statements are all done in Word and PowerPoint, 

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so, we've got some very manual processes in place. A couple of things that really stood out to us about CCH Tagetik were that for one it was a fully integrated

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system, it didn't have different pieces that had to be linked together, it was all one comprehensive package that talked to itself 

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and it made it seamless to do reporting and analytics. The second reason was because a lot of the customization that we had previously in our other systems

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wasn't required. It seems like CCH Tagetik had thought about everything ahead of time. It also made Finance a lot more independent, we don't have to rely on IT,

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it's very easy to use and it allows us to do a lot more stuff, a lot more quickly. Also with CCH Tagetik's cloud services 

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we have contracted SLA's for up time, we have a dedicated support team and we have an automatic path to upgrades and updates which you don't necessarily get when you have an on-prem solution.