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We are working in a very emerging market that we need to react on changes that we are facing very quick, we also need to speed up systems which

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are unable to react as well very quick and fast. We were faced by a very complex system landscape and in general, I would say that 

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the complexity was really too high, we had to get rid of that kind of high of maintenance cost, license cost and that was what we were facing.

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We also wanted to improve the general situation about how we report and how we organize ourselves, and so we were searching for a new tool.

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We were using the Hyperion Financial Management system for management reporting, we were using the Adstar reporting 

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for additional statements reporting, we used the SAP BPS system before, it does not fit to the size of our corporation and that's why

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we had this choice to shift to CCH Tagetik to fulfill all needs that are required on our own side.

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First of all CCH Tagetik is an end to end system that provides, from the data delivery to the consolidation and even to the reporting purposes,

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the correct answer and it revealed that if you would establish such a system landscape that we would have to

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implement as well as different systems but we wanted to include one system to lower the maintenance costs and that's why I think CCH Tagetik was the best one to use.

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The big benefit is that we condensed plenty of systems in one system.

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What we are currently using is legal consolidation according to PRC Republic China GAAP. This is a specific need we had to establish.

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We also had to react very quick on one big requirement, that was to deliver calendarized financial statements.

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The system setup was planned and organized during the first phase according to a closing scheduled for September 13th

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and in this case CCH Tagetik is very powerful, it delivers a second layer where we can shift the data to a

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calendarized layer which in general is very helpful for our reporting requirements and needs.

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CCH Tagetik is a system which is more dedicated to work groups who are working with 

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scenarios and so on to analyze how the organization will perform in the future and

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this is very powerful and in general, as I already said, the reaction on the PRC GAAP reporting...

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I wonder how we could have done this with other reporting systems, and that was why CCH Tagetik was absolutely powerful and helpful in this case.

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I would always recommend to have one system for all core functionalities, you need one single source of truth and you need slicing and dicing, and you need a system which fits to the size of your departments, 

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of your organization and that's why I would always recommend CCH Tagetik for I think, not only small companies but also

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the big ones should use CCH Tagetik and think about a general change on the working methodology ... This is why CCH Tagetik is pretty powerful.