WEBVTT 1 00:00:07.012 --> 00:00:16.696 The world is changing, this is not new but what is new is the speed at which the change occurs. Political and economical context 2 00:00:16.697 --> 00:00:26.381 is also very difficult for a company like Carmeuse. One of the most important market for Carmeuse is steel and gas, american gas is also very challenging for us. 3 00:00:26.382 --> 00:00:36.067 Our legacy consolidation and planning systems were out of maintenance. We were looking for a single interface for both 4 00:00:36.068 --> 00:00:45.752 consolidation and planning, a tool providing the flexibility that we were lacking in our legacy systems, with integrated reporting tools 5 00:00:45.753 --> 00:00:54.437 and open to future evolutions. We discovered CCH Tagetik thanks to a CCH Tagetik partner, Element 61. 6 00:00:54.438 --> 00:01:05.123 Before CCH Tagetik we mainly used SAP systems, we used SAP as business warehouse, we used SAP for the consolidation with BCS 7 00:01:05.124 --> 00:01:14.808 the business consolidation system, and we use SAP BPC for the planning and finally SAP as reporting tool. The main issue that we faced 8 00:01:14.809 --> 00:01:24.494 was the rigidity of the tool, it was not possible to add new scenarios to perform sub consolidation, 9 00:01:24.495 --> 00:01:34.179 it was not possible to have a cash flow report, no internal reporting during the consolidation or planning process, so these were really the challenges 10 00:01:34.180 --> 00:01:43.864 that we had with the old systems. The characteristic of the software vendor that we were looking for were really the long-term vision, 11 00:01:43.865 --> 00:01:53.550 it was the most important, a very good customer support, also the ability to provide evolution to follow the market 12 00:01:53.551 --> 00:02:03.235 and the regulations rules in order to be on the page at every moment. What is unique in this new configuration is that we have 13 00:02:03.236 --> 00:02:12.920 spread the responsibility by main region and then finally at the group level, so this is really a big change compared to the previous 14 00:02:12.921 --> 00:02:22.606 consolidation application. Another very important change is the reporting, now the users can use CCH Tagetik reporting in order to make some controls 15 00:02:22.607 --> 00:02:33.291 of their data before finalizing the consolidation or the planning, and also the graphical workflow really just amazing. 16 00:02:33.292 --> 00:02:41.962 If I would recommend CCH Tagetik to somebody else, as we say in brussels, 'Non peut-ĂȘtre' which means 'Yes, of course'.