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Picard Surgelés is a frozen food retailer in France. We, currently, are the leader of the french food market with about 20% market shares. We were

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using a lot of Excel, both for management reporting and statutory consolidation. It was very difficult to

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reconciliate data from social to statutory consolidation, and also we had many problems with the new

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entities as we had a quick international growth ... we had many unstructured data to put in 

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Excel and, as you know, Excel is not really an audit tool.

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Cognos Planning was used for sales and salary budget for our stores. So, there was a tool in place, but there were not willing to change.

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The first challenge was to replace exactly with the same form for the budget managers,

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but also we wanted that the whole budget process should be replaced, including the international entities.

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That was a big a challenge for us in our processes in order to unify all of them.

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The most important point is that we have the same language when you're speaking about budget ... if you are 

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a french people, international entity, commercial controller or financial controller ... and that's very important for us ... just having the same 

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data structure in the same tool. Actually we made our first budget in CCH Tagetik this year, so the financial team used it completely from commercial

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to financial data, and I think that we are working faster because we really know

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where we want to go, because we use the same model for budgeting and actual data.

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We had to replace Cognos Planning for international analytics, because we use it only for international entities. CCH Tagetik

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showed us it could do the same as Cognos Planning and we really wanted to have the same processes for everybody .... so 

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currently we use it only for international entities and maybe in the future for France, also.

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There were two separate processes before: one for management reporting and the other one for statutory consolidation ... both beginning from

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social data to reporting, or to consolidation data and we really had an issue

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with reconciliating the figures at each quarter. The second issue was that the consolidation was made by two people only and 

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it was not very easy to have an information when you needed it. All was made on Excel and 

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we didn't have time to put comments on figures ... there was also a real problem of

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auditing ... What is important now for us is that we have only one workflow:

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we begin from the social one and then we have the management reporting and at the end the consolidation statutory and we don't have to manually

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enter the figures several times for each of the reports.

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We can now trust in our audited figures: we really feel confident if we have to open a new entity or do a report, we can find the figures and we can audit them....really it is more security for us.

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Yes, of course, I will recommend Tagetik to anyone.