WEBVTT 1 00:00:10.506 --> 00:00:19.265 Scotch & Soda operates in the retail fashion industry which is a really challenging and changing environment, the main challenge in itself 2 00:00:19.266 --> 00:00:29.026 is the change, we have to deal with daily changes in the way we bring the products to the markets and the way the markets interact with our 3 00:00:29.027 --> 00:00:38.787 supply chain. We started to look for a new tool because we used Excel which was really error prone and did not meet 4 00:00:38.788 --> 00:00:48.548 the expectations of our management team in terms of timing, closing cycles were too long. We were looking for a vendor that could provide us 5 00:00:48.549 --> 00:00:58.308 agility and flexibility and meet our expectations, we were in a particular situation where we had a lot of changing demands from management 6 00:00:58.309 --> 00:01:08.069 and we were looking for a partner that could provide us with that flexibility, that's why we decided to go along with CCH Tagetik. 7 00:01:08.070 --> 00:01:20.130 The project actually started with the consolidation module, that was the main reason why we bought the tool, even though at that time we already 8 00:01:20.131 --> 00:01:29.591 had in mind to also implement the budget and planning process, and when everything went smooth as we were expecting, we embarked on the second phase 9 00:01:29.592 --> 00:01:37.352 which was the budgeting and planning process. The CCH Tagetik solution provide us data which is consistent throughout the consolidation 10 00:01:37.353 --> 00:01:50.112 and the budgeting and planning processes, that was for us a big surprise and also a big win, as we are able to use or reuse the actual data and do forecast. 11 00:01:50.113 --> 00:02:01.173 We are able to deliver really granular budgeting, before we only had channel planning for 2 yr forecasting. 12 00:02:01.174 --> 00:02:06.634 Now we are able to deliver much more granular data which is consistent with what we see in the actuals 13 00:02:06.635 --> 00:02:16.095 Looking back I would approach it exactly the same way, it was a success for us. 14 00:02:16.096 --> 00:02:26.143 We would definitely like to recommend CCH Tagetik to other consumers because it gives us a lot of positive surprises and so we would like to share those with other customers as well.