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For budgeting, planning and forecasting we were stuck in Excel, so an excel-based model and multiple models, data not

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being validated or trying to each other manual human errors, having trust issues in what you're seeing and what's represented,

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not being able to update information fast enough, those were our biggest pain points. The time it takes to go through our budgeting cycle is about 2 months,

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so it's a long time from start to finish. For our company, for Sumitomo we are going through four quarterly budget cycles, 

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with complete P&L balance sheet and cash flow so, it is a very painstaking work.

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We saw during the demonstration that CCH Tagetik was the most flexible solution for our needs. Every business is different,

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when you're going through trying to find a solution for your particular business, even though most solutions will be able to provide a broad general solution, 

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you want to be able to work with a platform that can deliver and answer the requirements that you have for your corporation, so that's what CCH Tagetik does.

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I think that the biggest benefits that we've currently seen are making the workflow process more efficient expedient we no longer have to have a manual

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process where someone has to ping all the individual users and managers to gather operating expense information or capital expense information,

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it's all done automated via the system, automated emails about deadlines, automated collection of the data, there's trust in the system

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because only specific users can change the data. It's shortened the amount of time that Finance has to 

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invest in the process. I would recommend CCH Tagetik to other corporations that are looking for a solution that is able to

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customize their platform to their specific requirements.