WEBVTT 1 00:00:10.969 --> 00:00:18.611 The main pain points for us were ... we were working with a system that was not 2 00:00:18.612 --> 00:00:27.900 viable anymore, we had a lot of time requirements and our systems, especially our budgeting system was 3 00:00:28.000 --> 00:00:37.898 all excel-based. The costs involved in labor and time were 4 00:00:37.899 --> 00:00:47.542 tremendous. Our budgeting process took an inordinate amount of time and, in some cases 5 00:00:47.543 --> 00:00:57.185 we were presenting budget after the budget year had started. Not only did an impact on our internal reports 6 00:00:57.186 --> 00:01:05.000 but it impacted our production of our audited financial statements. 7 00:01:09.000 --> 00:01:17.000 We were quite impressed with the team, their knowledge ... they were very attentive to our needs. 8 00:01:17.473 --> 00:01:26.116 Some of the benefits that we've achieved really relate to the level of granularity that 9 00:01:26.117 --> 00:01:35.759 we can store in CCH Tagetik. In the past we were not able to do that. There's a tremendous amount of data that 10 00:01:35.760 --> 00:01:45.403 we are able to access now. For us it's different, it's like another dimension compared to the way we were. 11 00:01:45.404 --> 00:01:51.046 Our process which was pretty flat, archaic, 12 00:01:52.047 --> 00:02:00.000 it just doesn't compare to the environment we're in now. 13 00:02:04.000 --> 00:02:14.333 Right now, we are disseminating CCH Tagetik to all the users and ... they're just going to have everything, they're going to have a financial that they can 14 00:02:14.334 --> 00:02:23.977 use in Excel and manipulate. They're going to have access to detailed transactional information, to payroll transactional information. 15 00:02:23.978 --> 00:02:33.620 So that, for us, I think is also a big benefit, beyond just the budgeting process. 16 00:02:33.621 --> 00:02:42.000 Getting information in people's hands is also a big deal for us. 17 00:02:45.000 --> 00:02:52.907 Instantaneous access: we make the changes, run some allocations and the results are there 18 00:02:52.908 --> 00:03:02.551 and I think that immediate feedback, instantaneous feedback 19 00:03:02.552 --> 00:03:05.000 is what the analysts love. 20 00:03:06.195 --> 00:03:21.838 It certainly has reduced our close time ... absolutely... and it's taking a big burden off of me, because at the end of every close I used to spend a solid day and a half for so... 21 00:03:21.839 --> 00:03:31.481 ...to organize information, do a balance sheet, do my metrics, etc... come up with summary financial 22 00:03:31.482 --> 00:03:41.125 reports, divisional reports, divisional kind of flash information... 23 00:03:41.126 --> 00:03:50.768 It's really taking a burden off of me ... and we reduce the length of time it takes to do the budget, to do the reporting. 24 00:03:50.769 --> 00:03:53.000 So ... I love it 25 00:03:58.000 --> 00:04:10.032 I absolutely would that I could go back in time and get it for some of the other lives that I've been in.