CCH Tagetik implementation for Consolidation
Alcopa Group decided to implement CCH Tagetik as the Group consolidation solution replacing the SAP BPC applications. The objective for the implementation was to define a financial consolidation application for the Group reflecting the consolidated positions at Group level, next to the flexibility to easily allow consolidation and reporting on sub-consolidated views across the different subgroups or investment activities, to facilitate the stand-alone but consolidated views across the different pillars. element61 has implemented CCH Tagetik, together with the Alcopa project team. The activities covered the end to end realisation, starting with the requirements gathering, application design, build test and roll-out of the consolidation solution. Specific points that were addressed within the realisation was the introduction of the process to report and consolidate the Cash Flow, starting from an individual entity cash flow report, building up to the consolidated cash flow positions across the Group or within a subgroup. Another important accomplishment was the takeover and reconsolidation of the large set of historical data to allow detailed comparison reporting across different views at the group or subgroup level.