Aquinos Group’s road to Finance Automation

Discover how Aquinos Group implemented CCH Tagetik for Reporting, Planning and Consolidation.

Aquinos Group, a world leader in home comfort products, faced the significant financial management of 35 reporting units, 30 legal entities and operations in 10 European countries. Its financial processes were highly complex, involving multiple ERPs, currencies and the need to reconcile local GAAP with IFRS consolidation, particularly after several acquisitions, all managed with many complex Excel files.

To address these complexities, Aquinos implemented the CCH® Tagetik unified CPM platform, simplifying its information management, planning and consolidation processes:

• Reporting: Automated IFRS-compliant reporting with standardized workflows, deadlines and reports, including P&L, balance sheets, KPIs and company comparison reports.
• Planning: Increased budgeting efficiency through new forecasting processes (3+9, 6+6, 9+3), increasing accuracy and flexibility.
• Consolidation: Automated intercompany adjustments, margin eliminations and journal-specific adjustments, ensuring accuracy across the group.

• António Jorge Cruz | Head of Controlling - Aquinos Group
• Stefano Somma | Senior Technology Sales Support Specialist - CCH® Tagetik, Wolters Kluwer
• Hugo Carvalho | Head of Business Development - OnGlobal Solutions