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Digital agriculture is one of the most exciting developments in the business landscape at the moment.

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Syngenta's business has been to sell chemicals and seeds to farmers but we have to offer a digital solution.

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IFRS 16 disclosure requirements build on previous requirements but a lot of them are new, so we needed new reports

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which provide us some high level information at our group consolidation level as well as the ability for our accounting teams around the world

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to run reports and when necessary to drill down into individual granular bits of data and

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the CCH Tagetik solution does this very well. We are still working on refining something but we are very happy with this solution.

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We are sourcing the data, the leasing contracts from other existing systems, databases, and we post into our existing SAP systems,

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so these interfaces had to be built, to be established and then tested.

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CCH Tagetik in itself set up the configuration and that was fairly a simple thing, I have to say. The key benefit is really to be compliant

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and to be compliant in the most easy way we could get there. After signing the contract for CCH Tagetik we took a year until we went

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live, but it wasn't a year to prepare the software itself, there was a lot of discussions on how actually do the accounting logic

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and how to design the process. I would definitely recommend CCH Tagetik for Lease Accounting, it works well for us, it was a smooth project. 

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CCH Tagetik is the right solution for us, there isn't a one-size-fits-all for

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companies, but for us this was the best way of giving us the tools to do our jobs in the new lease accounting world.