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The pain points that we had with our former system were that the grade of automatization was pretty low, which means

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that we had a lot of manual data entries when it comes to producing consolidation

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steps, or cash flow statements, or third-party results and equity,

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effects that had to be calculated ... you have to do a lot of manual work and manual entries and

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you were not really able to produce simulations or create scenarios in which you can show

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how your company group would look like under different rules and one that you apply at the moment. We worked on the

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search for another consolidation product and finally found out that CCH Tagetik would fit best. The complexity

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is clearly driven by the huge amount of different companies that are part of Metro Group, as I said 

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we have three different sales lines operating in almost 30 countries in the world, that means 220.000 employees from about 

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170 nations, very diversified in languages, in currencies that we have to deal with...

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...and this makes the consolidation project very complex.

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It is the group consolidation that is done with the consolidation project, the statutories are made with almost 

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20 different ERP systems, locally in the countries, and those have to be harmonized and the data processing has to be

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organized globally by collecting the data from those 20 ERP systems which are

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run in 480 reporting units .... all that have to be collected in the headquarter in Germany.

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We were most impressed with the flexibility that CCH Tagetik

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showed when it came to using it in the actual reporting ... building different scenarios

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and being able to simulate situations to plan and see how things would have looked like

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if the basics were changed. It wouldn't have been possible with the former consolidation system we used, and there we see

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that CCH Tagetik's flexibility is very impressive. What I can say is that we are very satisfied with the performances that we see,

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we almost already now see a clear relief, in the workload that we have efficiency is growing 

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and complexity is lowered, now that we use CCH Tagetik. So far, I can commit myself and say: 'Yes, the decision was very good!'