WEBVTT

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Triglav is a really complex group... the process was totally manual,

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we used Excel spreadsheets, sending them by email, collecting the data ... it was really a painful process.

3
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8 years ago it took us half a year to do the annual consolidated financial statements, 

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we finished our process at the end of June and we were only able to do it once a year, because it was really a time consuming process.

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The saddest thing was that at the end of this period, we were only able ... just to publish the financial statements,

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we didn't get actually too much time to analyze, to check all the financial data, so this was really a painful process.

7
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We chose CCH Tagetik and it made our lives simple, to get to the bottom line...

8
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now we finish our consolidation process 1 month after the reporting period

9
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and we are able to do it on a monthly basis, we publish our financial statements one month after the reporting period,

10
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each quarter. We also use CDM for

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writing the documents ... it's really nice because several people can do it at the same time.

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... Because it was simple, it was the only program which used Excel spreadsheets as interface, so for the entities, practically, nothing

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changed. It's fast: subsidiaries have, approximately, one day to do everything, to fill in

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the data, to do the intercompany reconciliations, to finish all the reporting process for themselves,

15
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but the nicest thing for me is that I don't have to wait for the last company or entity to report, I can start the procedure of consolidation.

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Now I'm happy because also the management and other departments found it really, really helpful

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and then, after some time also our financial department started using CCH Tagetik for their processes.

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Now, it's really simple and it's so simple that even CFO and all board members are able to use it, because it's

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simple.