WEBVTT

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Talanx, as an international and big European insurance group, has to fill various and

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strict regulatory requirements, we have to deal quite a lot with Solvency II and other requirements due to the topic.

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... Some issues with IC matching and also Capital consolidation that they have some problems with:

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that were the major issues why they were searching for a new software.

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They selected CCH Tagetik due to a flexible diagnostics, they have a lot of modification possibilities of the cross checks of the evaluation of

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the data and a stable outlook of the future of CCH Tagetik and the further development of the product, because right at that time, there were

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quite a lot of emergents software suppliers, so they looked out for a stable software for consolidation and data collection.

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We're using CCH Tagetik for the consolidation of the data, and we collect also the data, so for 204 

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consolidated companies we collect IFRS data worldwide and then we evaluate the data via diagnostic ,

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and we also use the consolidation engine of CCH Tagetik to consolidate our data for the financial figures at the end.

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For the consolidation part we use the segment reporting, also the data collection ... Interesting for the Talanx group is that we have separate clients:

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so we have a version with all specific requirements for the data collection, which is called the CCH Tagetik data entry version, for all the users worldwide,

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and a separate client for CCH Tagetik consolidation, with some special settings and also to get a better performance, because 

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we want to consolidate same time, when all the end users are entering the data and running diagnostics and submissions.

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Besides that, we're using Excel Cube for analytics in the group accounting department, doing several different

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analysis, and we had a lot of good experience using this tool for data analyzing.

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Due to the good experience in the group accounting and also in the group risk management, we would like to recommend CCH Tagetik to any other customer.