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We have to provide quarterly financial reporting to our shareholders. We have approximately 10.000 shareholders that are

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Alaska native shareholders Bristol Bay Native Corporation. Before CCH Tagetik we were using all manual Excel spreadsheets. The pain points are...

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...we have 5 different ERP accounting systems. We have 5 different industries in which we are operating: government contracting

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construction, tourism, oilfield services and petroleum distribution, and they all have different ERP accounting systems.

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That was our biggest pain point ... it took two people, approximately 7 days, to run these processes on a monthly basis.

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Now it takes 2 to 3 days to do the same processes with much more accuracy.

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There were really 3 things. One was the honesty of the sales process: they gave us what we believed to be an accurate,

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reliable quote on implementation costs where we felt some of the other vendors were sort of low-balling us, and as it turned out we were right 

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on budget with our implementation, which was a big win for us. Second thing, the Excel interface ... our 120-plus 

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end users are used working in Excel and so there was a very short learning curve; and the third thing was CCH Tagetik offered a robust

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disclosure management tool and the competing vendors did not.

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The main challenge is just having 70-plus company subsidiaries that were consolidating, we have a lot of intercompany

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activity that CCH Tagetik has helped us automate. In addition we are always adding and acquiring

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 new companies and changing our ownership structure ... and with CCH Tagetik it's very easy to do that, with very minimal effort.

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We have a lot of equity method investments and a lot of entities that we consolidate where we have minority interest and so CCH Tagetik really helps with that too

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and automates that process.

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Being that it is one tool or one platform, we easily can make report comparisons between our budget and actual and, in addition, bring forecast into that. 

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So now, we have three data points ... before, to report those data points ... it would be time-consuming and a lot of effort...

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...now it's very easy to do that.

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Before, there were a lot of different ways people would budget and plan, now we've built very consistent streamline models within CCH Tagetik, now it's much easier and everybody's

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budgeting and planning the same way. We're able to utilize our time to do more analysis that we've never been able to do before, because of our manual processes.

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The CFO really benefits from being provided a level of information that has never been provided 

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before, we're able to produce reports that show budget to actual to forecast ... this is something that would take a lot of time and effort to do before CCH Tagetik and now it's

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relatively easy and we can produce that information very quickly.

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I would recommend CCH Tagetik to anyone who has similar issues that we had.