WEBVTT

1
00:00:10.137 --> 00:00:15.677
KWH is a multinational group. We have 50 reporting units throughout the world. 

2
00:00:15.678 --> 00:00:22.218
We have more than 20 countries and therefore, more than 20 currencies as well in the reporting system. 

3
00:00:22.219 --> 00:00:27.760
As we have several business branches, we also have different business models to adopt to. 

3a
00:00:27.760 --> 00:00:34.760
In order to meet the requirements that we have in the finance function now a days, you need to be efficient in delivering the information 

4
00:00:34.761 --> 00:00:41.301
on time, accurately, and for that you need good systems backgrounds and good, smooth processes to be able to do that, 

5
00:00:41.302 --> 00:00:47.843
so you can race to the road you’re expected to be on, to be the business partner delivering the facts. 

5a
00:00:47.844 --> 00:00:53.844
Prior to using CCH Tagetik, we had several databases and therefore,

6
00:00:53.844 --> 00:01:03.384
several truths to the numbers that we wanted to eliminate. We replaced our old system currently known as Cognos Controller. 

7
00:01:03.385 --> 00:01:12.926
Partnering long term with CCH Tagetik, the critical factors for us were that they had good partners here in Finland, like INTITO.

8
00:01:12.927 --> 00:01:22.467
They provided a good support to us during the implementation process. They were a crucial factor to the success we’ve had so far. We have implemented the consolidation software 


9
00:01:22.468 --> 00:01:32.008
and we’re currently in the process of implementing the IFRS 16. CCH Tagetik solution provided the most value in the visualization 

10
00:01:32.009 --> 00:01:41.550
of the reporting process because when we do the global launch, we have the workflows to utilize instead of writing down the stories and telling people that  

11
00:01:41.551 --> 00:01:51.091
this is the next step and this is the next phase you need to complete in your process. We decided to go for the cloud because we believe that it’s the future solution. 

12
00:01:51.092 --> 00:02:00.633
We’re still developing the project and the implementation further, but, still, we can all really see that we’ve reached the one database, one truth that we wanted. 

13
00:02:00.634 --> 00:02:10.174
And that’s a really good platform to be building the future with. I would recommend CCH Tagetik 

14
00:02:10.175 --> 00:02:14.703
to anyone who wants a good, flexible, modern solution for their consolidation process.