Full reporting in banking industry with CCH Tagetik: Rabobank Group Case Study

Discover how Rabobank obtains a single statutory and financial reporting with CCH Tagetik’s CPM software solution.

Rabobank had used the same software for consolidation for over fifteen years. At the beginning of 2012, however, it decided to replace its multiple worldwide installations of Hyperion Enterprise with a single, Web-based consolidation application. Its requirements included:

• Integrated process controls and electronic sign-offs on data
• Guided workflow and task support
• Intuitive end-user tools
• Full audit trails on SOX-critical data
• Enhanced reporting and analysis tools

Rabobank Group replaced the systems and a separate IC matching application with a single statutory and financial reporting application based on the CCH Tagetik software platform.

The heart of the new application is a guided, step-by-step submission process with strict validations for monthly, quarterly and annual information. The local entities enter and validate this data from Web dashboards or data-entry forms in Excel.

Thanks to CCH Tagetik, the financial controlling department now receives more correct, consistent data, which it uses for analysis or filings to the Dutch Central Bank.

Rabobank Group has obtained:

• One unified, Web-based, out-of-the-box solution
• Decentralized intercompany matching process
• Extensive security, process support and audit trail
• Scalability for management accounting and budget processes
• Support for multiple reporting needs