WEBVTT 1 00:00:08.751 --> 00:00:18.416 The user experience was not great in Clarity, it lagged a little bit, it didn't save very quickly and it wasn't very 2 00:00:18.417 --> 00:00:28.083 dynamic. A major pain point for our users before CCH Tagetik was their user experience. The solution that we had prior wasn't as 3 00:00:28.084 --> 00:00:33.000 responsive, we didn't have local currencies that we could plan or do reporting. 4 00:00:37.000 --> 00:00:47.417 Currently, we are using CCH Tagetik to do the HR and Salary Planning, which is great because its very flexible: we can add employees, remove employees, 5 00:00:47.418 --> 00:00:57.084 add a bunch of different KPIs and factors, I can really change the plan for the entire year. Another 6 00:00:57.085 --> 00:01:06.751 plan that we do is IT/capital, so you have it separate we combine the two, we do capital purchases for the year 7 00:01:06.752 --> 00:01:16.418 and it's great, because the actuals always come through, we update our actuals every 20 minutes 8 00:01:16.419 --> 00:01:24.000 so, we have very up-to-date data that our IT department can use to forecast or budget for the rest of the year. 9 00:01:27.896 --> 00:01:35.752 The most impressive thing with the implementation of CCH Tagetik was the performance of the system, as well as the flexibility 10 00:01:35.753 --> 00:01:45.419 of the system. Being a very dynamic organization we're required to make changes to reports that sometimes have to design 11 00:01:45.420 --> 00:01:55.085 very simple or very complex reports... but CCH Tagetik allowed us to do such things. Another big one is how easy the system is to learn, 12 00:01:55.086 --> 00:02:04.752 Our IT department is not involved at all, we've essentially taken ownership of the system, so whenever you want to make changes or 13 00:02:04.753 --> 00:02:09.000 adjust any data feeds or ETL ... we just do it ourselves. 14 00:02:13.000 --> 00:02:24.086 CCH Tagetik has allowed us to reduce our user input time by 50%. Since we've started using it, the accurate and timeliness of data has been 15 00:02:24.087 --> 00:02:33.753 a huge benefit, simply because we can control how often the data comes in and since CCH Tagetik allows you to drill through, 16 00:02:33.754 --> 00:02:43.420 drill down, and array of different options ... it really allows us to make sure that everything is as accurate as possible. Since implementing CCH Tagetik, we were able to reduce our closing time 17 00:02:43.421 --> 00:02:45.000 by 20% every single month. 18 00:02:50.000 --> 00:02:53.000 We deployed CCH Tagetik on the cloud because 19 00:02:53.001 --> 00:03:02.754 of all the benefits that it entails. I'm a big believer of ... the people that created the system should also 20 00:03:02.755 --> 00:03:12.421 host the system because they just know the best environment that the system could be in, and also the fact that we're patched up regularly, we're updated 21 00:03:12.422 --> 00:03:22.088 regularly and ... a systems person, if you fall behind on patches or upgrades... it can become very costly. So that's a great benefit to have. 22 00:03:22.089 --> 00:03:31.755 The CFO benefits with CCH Tagetik because she is confident that the data that were sharing with the rest of the organization, as well as outside parties, 23 00:03:31.756 --> 00:03:41.401 is accurate and timely. We have many ways of validating and checking data because of CCH Tagetik. Yes, I would recommend CCH Tagetik to everybody.