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ECE is a company that has outgrown its Exel-based planning module. The complexity and the growth rate of the business...

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...our existing business wasn't just scalable anymore, we couldn't add any more shopping centers to our portfolio without knowing that

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we can properly integrate the data and the KPI system. With the increased complexity and uncertainty of the retail business

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of our shopping centers, I strongly believe that the only answer is decentralization of responsibility and it

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has to come with a higher degree of collaboration and integration and, obviously, CCH Tagetik is the tool that we use for that ... to achieve that process.

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From a data perspective, we were looking for a fully integrated product on the market that was capable of running consolidation 

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and statutory reporting as well as to cover the controlling needs in terms of forecasting and predictive analytics.

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With respect to our business development ... it's a very cash loaded business ... so cash flow planning is a very integral part of our planning process,

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so we do the full scope of P&L planning, balance sheet planning, and indirect cash flow planning for our business units, so we're using the full scope of planning functionality.

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What really convinced us was that ... on the one hand the planning users, operational

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business line managers operating shopping centers all over Europe, they should have a very easy and a customed 

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user interface. People who are part of the planning process love to use Excel as a front-end to key in data and to deliver planning data in a centralized system, 

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so the Excel integration as a front end tool, the very sophisticated workflow functionality that's within the CCH Tagetik system,

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combined with the database integration of the planning data, that was the three points that convinced us that have the right solution.

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Now we have a much higher degree of reliability and credibility

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in the data set that our CFO is able to present to the board and to our stakeholders, so the trust in the numbers that come out of the CFO office is much higher than before.

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CCH Tagetik is a product in the market that has a high degree of data integration, it's easy to use and it's supporting

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collaboration throughout the business lines within a corporate environment, and I believe that, from

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a planning perspective, this is one of the major achievements that you have to go for if you're running controlling and steering metrics in an organization.