WEBVTT 1 00:00:07.359 --> 00:00:17.224 Auto Trader is the largest automobile and digital marketplace in UK and Ireland and we get cater for 80% 2 00:00:17.225 --> 00:00:27.090 of the retailers in UK and Ireland ... so in order to be effective, in terms of how they compete within 3 00:00:27.091 --> 00:00:36.956 an App marketplace, Auto Trader has to provide products, which allow them to be more competitive. We've got to provide the right information 4 00:00:36.957 --> 00:00:45.000 at the right time and be able to give that information in a timely manner. 5 00:00:46.823 --> 00:00:56.688 We had very little version control, in terms of ... when the numbers were submitted, and the 6 00:00:56.689 --> 00:01:06.554 format of the spreadsheets, when they were collated together, it would take longer to close the period end, then it would take longer 7 00:01:06.555 --> 00:01:16.420 for our CFO to understand where the financial figures were, and so we had to come up with a solution to provide our CFO a quicker 8 00:01:16.421 --> 00:01:26.286 and more efficient way in terms of producing the reports. Before CCH Tagetik, Auto Trader ... we were based regionally...so, we had hundreds of offices, so 9 00:01:26.287 --> 00:01:36.152 each office would run their own consolidation, so that different processes ... 10 00:01:36.153 --> 00:01:46.019 a lot of FTE's -full time employees- in terms of who would actually perform those processes, so before CCH Tagetik there were a lot of 11 00:01:46.020 --> 00:01:55.885 inefficiencies in terms of how we would consolidate the final numbers for the business, and therefore we had to look for a solution in order to 12 00:01:55.886 --> 00:02:01.000 create more efficiency within the processes. 13 00:02:04.000 --> 00:02:15.617 So, basically, CCH Tagetik sits on top of our general ledger system, so we have to wait until whenever the month end is closed in our general ledger system, how we would then move that into 14 00:02:15.618 --> 00:02:25.483 CCH Tagetik and to then, therefore, look at Management reporting and Statutory reporting, Purposes, so the trigger effect in terms of using the ETL mechanism 15 00:02:25.484 --> 00:02:35.349 allowed us a gain from a non-technical point of view, for an accountant to push the button to then run it into CCH Tagetik, so then 16 00:02:35.350 --> 00:02:45.215 instantly be able to look at our consolidated figures, so ... again, when we were looking at that process and we had to make it, 17 00:02:45.216 --> 00:02:55.081 it was just pressing a button, so it wasn't reliance on IT and towards those processes, and also that we can build 18 00:02:55.082 --> 00:03:04.931 reporting pack which might be sixty or seventy pages long, but ... again for accountants is push a button and to have the numbers there ready and in a very quick order 19 00:03:08.006 --> 00:03:16.207 So, therefore it, meant again the Excel interface, helped them in terms of creating those process in the first place but also the way 20 00:03:16.208 --> 00:03:24.409 we would look at regulatory reporting, how we would group our reports in order to 21 00:03:24.410 --> 00:03:32.612 report in one way, so our standard management and P&L, but then in another, again to 22 00:03:32.613 --> 00:03:40.814 follow IFRS and UK GAAP and it meant that we had to look at changing numbers around and so using something like CCH Tagetik 23 00:03:40.815 --> 00:03:49.013 using the MDX functionality, using the FST functionality, we can present the same data but in different ways, very quickly. 24 00:03:53.363 --> 00:04:00.443 It is a lot more straightforward, so when we your hooking up against databases, against... 25 00:04:00.444 --> 00:04:07.524 ledger systems to then present a report to the end-user, it seems to be a lot more straightforward in terms of integration 26 00:04:07.525 --> 00:04:14.603 so that really from an architectural point of view, is what's impressed me the most. Yes, I would recommend CCH Tagetik.