Maus Frères implemented CCH® Tagetik’s software for Budgeting, Planning & Forecasting, Consolidation.
Finanças25 novembro, 2022
Budgeting, Planning & Forecasting with CCH Tagetik - Maus Frères case study
With CCH Tagetik we were able to significantly improve the planning and budgeting processes of the real estate division.
The history of Maus Frères dates back to 1902. At that time, the brothers Ernest and Henri Maus, together with their business partner Leon Nordmann, laid the foundation for today’s group with a department store in Lucerne. Against this background, efficient, high-performance structures and processes are crucial for Maus Frères’ finance department. But in areas such as planning, budgeting and corporate performance management, there were deficiencies and limitations, especially from a technological point of view.
For example, performance measurement was largely Excel-based - with all the associated challenges and limitations. Modern management reporting solutions were only available to a very limited extent. The existing accounting solution was getting old and heading toward outdated, insufficiently integrated and only partially suitable for mapping the holding company’s business processes.
CCH Tagetik Solutions for Budgeting, Planning and Forecasting
Maus Frères opted for the Abacus ERP system on the one hand and for CCH® Tagetik for performance management on the other. The CPM specialist Satriun came into play as the holding company’s implementation partner. Satriun has extensive CCH® Tagetik expertise and was already known to Maus Frères from previous joint projects.
All transactional core processes of the organization are now mapped via the Abacus ERP. CCH® Tagetik in turn covers performance management, especially in the areas of budgeting, forecasting, planning, and KPIs. Data from the four business units Lease Management, Shopping Center Management, Facility Management, and Project Management is processed via a uniform solution.
The bottom line is that with CCH® Tagetik, Maus Frères was able to introduce a unified performance management platform that, thanks to its holistic finance transformation approach, goes well beyond the performance and functional spectrum of classic CPM solutions. They have a fully integrated and optimized planning process that saves time, improves accuracy and transparency with drill-down to the granular project level.
Learn how CCH® Tagetik Platform has modernized significantly Maus Frères Finance processes
CCH® Tagetik enables Maus Frères to refocus on their strategy with deeper insight and a trusted connection between actuals and planning figures.
Main advantages Maus Frères gains with CCH Tagetik Budgeting, Planning and Forecasting
Implementation of CCH® Tagetik
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Implementation of better integrated and more up-to-date reporting that is more precisely tailored to the requirements of the individual business units |
Optimization of planning and budgeting processes |
CCH Tagetik has a fully integrated and optimized planning process that saves time, improves accuracy and transparency with drill-down to the granular project level |
Covering areas such as Budgeting,
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CCH Tagetik in turn covers performance management, especially in the areas of budgeting, forecasting, planning, and KPIs |
Consideration of very different
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Handling budgets by project, shopping center or consolidated overall portfolio very easily and without any detours |
Comprehensive consolidation
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Data from the four business units Lease Management, Shopping Center Management, Facility Management, and Project Management is processed via a uniform solution |
With CCH® Tagetik, for example, we are able to handle budgets by project, shopping center or consolidated overall portfolio very easily and without any detours.
Budgeting Planning & Forecasting
Enter the next evolution in planning with CCH Tagetik Budgeting, Financial Planning, and Forecasting software.