Mediahuis monthly consolidation is now a smooth process with CCH Tagetik for Consolidation

Mediauis implemented CCH Tagetik software for Consolidation. The monthly consolidation is now a smooth process, allowing Mediahuis' finance team to spend considerably more time on quality & control.

Mediahuis' growth is based on mergers and acquisitions against a background of increasing consolidation in the media sector. 

In order to manage the risk of increasing complexity as the company grew, Mediahuis decided to keep Unit4 Business World as the basis, but to look for another, more specialized solution for Corporate Performance Management (with a focus on reporting and forecasting) that would also support consolidation. 

The solution had to provide the right links between the local level and the group level. It also had to be flexible in dealing with reporting standards. 

After a thorough market screening process, Mediahuis opted for CCH Tagetik, with element61 as its implementation partner.

In CCH Tagetik, Mediahuis found a single platform to support the international expansion of the group: a tool for Consolidation, Management reporting, Budgeting and forecasting, that provides one version of the truth. The ability to support decentralized users and dynamic reporting were key factors.

Thanks to CCH Tagetik, Mediahuis' monthly consolidation is now a smooth process. This allows Mediahuis’ financial team to spend much more time on quality & control, making the entire process much more valuable to the organization.