WEBVTT 1 00:00:01.510 --> 00:00:10.300 For us as Inlumi it was very important to partner up with one of the leads, together with CCH Tagetik we can definitely make a difference in the market. 2 00:00:10.301 --> 00:00:21.556 We saw that clients had a growing need for professional Performance Management tooling and clients in particular wanted a software that integrates multiple processes and CHH Tagetik 3 00:00:21.557 --> 00:00:24.800 demonstrates to have that ability and of course have a strong track record. 3 00:00:24.801 --> 00:00:31.430 CCH Tagetik really stands out as being a software developed for the Office of Finance so it has a lot of 4 00:00:31.431 --> 00:00:41.304 Pre-built financial intelligence built into it, and it basically will only work if you model and design the application that you're building in a right way 5 00:00:41.305 --> 00:00:51.178 and this is basically where we bring our experience and our best practices to the table. We leverage to the maximum extent possible the financial intelligence that CHH Tagetik has to offer. 6 00:00:51.179 --> 00:01:01.052 Automating a lot of things so the time that is freed up by people can be spent in useful ways somewhere else, then it is making the information visual to all 7 00:01:01.053 --> 00:01:08.800 users or all stakeholders that need to know it, then you can get the insight out of the data but mainly also it can drive to action. 7 00:01:08.801 --> 00:01:18.799 The most powerful thing about CCH Tagetik is the strong built-in calculation engine in combination with the familiar Excel interface. 9 00:01:18.800 --> 00:01:30.673 IFRS16 requires a lot, I would say, and there are complex accounting calculations, complex lease calculations. Secondly, there are some IFRS16 disclosure requirements as well. 10 00:01:30.674 --> 00:01:40.547 When you think about IFRS16, I think it's quite a disruptive standard because it really overhauls the way that people need to think about how to account for leases. 11 00:01:40.548 --> 00:01:50.421 I think most people tend to think about IFRS16 really as a compliance issue which in essence it is of course, but when you think it further through actually 12 00:01:50.422 --> 00:01:55.321 it also impacts, for example, your management accounting and your management reporting, it impacts your planning processes. 12 00:01:55.322 --> 00:02:00.295 You need to think also in your forward-looking statements how these kind of new standards impact those kind of processes within your organization 13 00:02:00.296 --> 00:02:05.400 so it's much more than only dealing with your annual financial statements. 14 00:02:05.401 --> 00:02:20.043 CCH Tagetik can really differentiate from the competition. Because competition is or ERP integrated or real estate integrated but CCH Tagetik is just an independent tool running in existing application 15 00:02:20.044 --> 00:02:26.000 so that really gives our clients flexibility in the choose and the set up. 16 00:02:26.001 --> 00:02:29.903 The unique skill that exists is that there is one single focus and that's the customer.