WEBVTT 1 00:00:09.397 --> 00:00:18.000 We're using CCH Tagetik for three things, primarily: budgeting and forecasting, financial reporting, 2 00:00:18.001 --> 00:00:27.498 internal and external and we allocate our allocation process... Our budgeting process was an Excel based process and it was very 3 00:00:27.499 --> 00:00:38.049 labor intensive and it wasn't integrated, it wasn't dynamic ... so we have a lot of moving parts in our budget and what CCH Tagetik is enabling to do is 4 00:00:38.050 --> 00:00:44.000 pull those together into a dynamic environment... we change something in 5 00:00:44.001 --> 00:00:51.000 one part of the budget that has repercussions in other parts of the budget... we see that pretty instantaneously. 6 00:00:57.152 --> 00:01:06.703 We are a nonprofit social service agency but we have, probably, thirty different businesses within the organization and we have a lot of costs 7 00:01:06.704 --> 00:01:16.254 that are shared across programs so we have a lot of allocations and so 8 00:01:16.255 --> 00:01:25.805 with the CCH Tagetik model we have a dynamic budgeting solution where, if we make changes 9 00:01:25.806 --> 00:01:35.356 to a cost that affects other programs we see that quickly. We have certainly taken 10 00:01:35.357 --> 00:01:44.907 several months off of our full budgeting process, where in the past we would budget, initially, at a higher level and then come back 11 00:01:44.908 --> 00:01:54.459 subsequently and break that down into more granular cost centers and into the 12 periods of the year. 12 00:01:54.460 --> 00:02:04.010 With CCH Tagetik we now budget those cost centers from the ground up and some other we budget by period. So when we have done the budget process, initially, 13 00:02:04.011 --> 00:02:06.000 we have these other two phases have already been accomplished as well. 14 00:02:09.000 --> 00:02:23.112 We were certainly impressed with the functionality that we saw in the demonstrations but I think more so than just a software and the product itself, we were all impressed with the quality of the people that we met 15 00:02:23.113 --> 00:02:32.663 during the selection process ...and that was a larger factor in our ultimate selection of CCH Tagetik. I was impressed the most in the implementation 16 00:02:32.664 --> 00:02:42.215 project ... we met with a very responsive team and there were zero change orders and we met 17 00:02:42.216 --> 00:02:51.766 our deadlines. So the CCH Tagetik team was willing to do whatever it took, so we could implement our budgeting system 18 00:02:51.767 --> 00:02:58.000 in a very short time frame and complete the budgeting process and get it approved on schedule. 19 00:03:04.000 --> 00:03:10.868 I think our CFO benefits from CCH Tagetik in getting timely quality information, with which to make decisions. 20 00:03:10.869 --> 00:03:20.419 That's why I see is our role is to make sure that everyone in the management of the organization has the best quality information to make 21 00:03:20.420 --> 00:03:29.951 good decisions. I would absolutely recommend CCH Tagetik to others. We had a very positive experience and continue to have one.