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Due to the very fast grow of the company, we needed a software based on projects, while the previous one was 

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only focused on legal entity logic. With CCH Tagetik we have had the opportunity to underline and stress our financial performances,

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divided by each project. The most difficult aspect to manage was the location worldwide

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of our plants - they are located in Europe and South America, North America and Asia - so we needed a

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web-based solution that allowed us to collect data 24 hours a day, 7 days a week considering that we work

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on very different time zones. Thanks to the web-based CCH Tagetik platform

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we lowered our TCO from 20% to 30%,

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and we can benefit from real-time data across our entities.

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We use CCH Tagetik for statutory consolidation: we have 150 different

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entities with over 50 different currencies, so we have a lot of data to convert

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to euros, about 10 different consolidation scenarios, and 300

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different contributors located worldwide. We also use CCH Tagetik for budgeting and forecasting based

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on a project approach: every project manages its own budget on a monthly basis with revenue 

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and costs shared across different currencies. Then, we have the budget and financial planning to calculate all the

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different currencies, we also use CCH Tagetik for Enterprise Risk Management,

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which is a new  process, and finally the Collaborative Disclosure

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Management, which allows us to produce the notes to the balance sheets for many different

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scenarios and to refresh and update data in a very fast way.

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Astaldi was in a software selection with Cognos, IBM, Hyperion...

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and the difference we perceived from CCH Tagetik consultants was in their approach 

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in respect of our needs. After 10 years Astaldi has no regrets

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and this is demonstrated by the fact that we are enlarging our experience with CCH Tagetik

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to other CPM processes ... the last one to be implemented will probably be the Integrated Reporting, I'm personally working on this 

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and I'm absolutely sure of the success of this project.

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CCH Tagetik is used daily by our CFO, who has visibility on all of Astaldi's financial accounts

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worldwide, thanks to specific reports addressed to the CFO, so he can monitor the bank account situation in real time everyday.

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Yes, I absolutely recommend CCH Tagetik to someone else.