WEBVTT 1 00:00:09.413 --> 00:00:18.803 The finance department is a support department in the company so I think that having 2 00:00:18.804 --> 00:00:28.195 instant information for making decisions is really important for our Executives especially because of the cost is 3 00:00:28.196 --> 00:00:37.587 changing constantly. Before we were using Hyperion Essbase, we were not able to drill down or drill through, 4 00:00:37.588 --> 00:00:46.978 we didn't have those capabilities, it was hard to break down the cost, now that we are using CCH Tagetik maybe the cost and the time were 5 00:00:46.979 --> 00:00:56.370 reduced at 50%. They understand the complexity of our reporting, so Driscoll's has a very complex 6 00:00:56.371 --> 00:01:05.762 income statement and they were able to understand that. At the beginning we thought it would be very difficult for the administrators 7 00:01:05.763 --> 00:01:15.154 have the 100% of the control of the tool, but it's really easy. We had different phases, the first one was a reporting 8 00:01:15.155 --> 00:01:24.545 implementation, followed by the Collaborative Office and cost center reporting and finally 9 00:01:24.546 --> 00:01:33.937 we just implemented Analytic Information Hub to process big data, it is not related to the GL. 10 00:01:33.938 --> 00:01:43.329 We opted for the cloud because that way we were not depending from IT. Now we have a tool 11 00:01:43.330 --> 00:01:52.720 that is capable to have tons of data, that has information from different ERP systems, having 12 00:01:52.721 --> 00:02:02.112 that in place is amazing and also it gives us flexibility to create different reports. We have an hourly 13 00:02:02.113 --> 00:02:11.504 refresh of the data so that is helping us to do an analysis especially during the month end close, so we have faster 14 00:02:11.505 --> 00:02:20.883 information, that is great. I'm a strong believer of the benefits of the tool so I definitely will recommend CCH Tagetik.