WEBVTT 1 00:00:09.000 --> 00:00:13.937 EVAPCO is a global manufacturer of heat transfer solutions. 2 00:00:13.938 --> 00:00:21.876 We currently operate 30 different companies around the world and trade in 12 different currencies 3 00:00:21.877 --> 00:00:30.814 The benefit of using CCH Tagetik processes are numerous. We've implemented consolidation, account reconciliation, 4 00:00:30.815 --> 00:00:37.753 forecasting, and leasing. Having an integrated solution allows us to have more consistent information. 5 00:00:37.754 --> 00:00:48.691 Prior to implementing the CCH Tagetik solutions, we were closing our accounts on an annual basis, and it would typically take us about four weeks to close. 6 00:00:48.692 --> 00:00:57.630 Now that we have implemented a solution, we're able to close the books on a monthly basis within six days after the period closes. 7 00:00:57.631 --> 00:01:09.168 We chose CCH Tagetik on the cloud because we could see our systems becoming more global in scale and it just made sense to move them to the cloud as we implemented new platforms. 8 00:01:09.569 --> 00:01:19.507 Our product updates were as simple as giving CCH Tagetik a two or three-hour window several times per year to bring us up to date. It couldn't be easier. 9 00:01:19.508 --> 00:01:30.446 The key project highlights and benefits we've seen have been increased speed, accuracy, and traceability of the consolidation data and process. 10 00:01:30.447 --> 00:01:41.384 And for leasing, the organization of data and complex calculations are now under control. We are expecting a similar result with the account reconciliation project. 11 00:01:41.385 --> 00:01:50.323 We believe the CCH Tagetik Account Reconciliation solution will increase our productivity and the accuracy of our financial closing process. 12 00:01:50.324 --> 00:01:59.961 Our controllers will be able to review their accounts on a more timely basis. Significant accounts are reviewed before for the close 13 00:01:59.962 --> 00:02:07.200 is submitted to the corporate office, and, by doing this, should give us greater confidence in the close and making sure it's more accurate." 14 00:02:07.201 --> 00:02:19.138 The reasons we chose together — and we choose them again — were first off, the people. We couldn't have asked for a better team to work with from implementing 15 00:02:19.139 --> 00:02:28.077 the project and since going live. Being able to relate well has allowed us to solve complex tasks. The applications are very granular, 16 00:02:28.078 --> 00:02:34.001 and there are many functions that are in the products that I suspect we will never need to use.