AMSTERDAM and LUCCA, Italy, September 27, 2016 /PRNewswire/ --
Implementation and Migration Project Accomplished in Six Months; New Solution Meets Financial and Regulatory Reporting Requirements for 37 Countries
Tagetik, a visionary leader in global performance management software solutions, today announced that Brunel International NV (BRNL:AEX) has successfully implemented Tagetik software to meet the global company's financial consolidation and corporate reporting requirements. Brunel, a world leader in staffing and recruiting services, has approximately 11,000 employees and conducts business in 37 countries.
The implemented Tagetik solution connects to Brunel's Microsoft Dynamics NAV ledgers to deliver intercompany matching and process management functionalities and automates equity pick-up, equity consolidation and cash flow calculations. The solution also manages statutory and management consolidation and financial reporting, quarterly estimates, and many non-financial key performance indicators.
"We are confident we made the right decision in selecting Tagetik as our new consolidation and reporting software and involving Satriun Group to help us implement the software in the best, most efficient way," said Peter de Laat, CFO of Brunel.
"Assisting Brunel in optimizing its consolidation and reporting processes and migrating to a new solution within a six-month timeframe was a challenging yet highly rewarding project," said Casper van Leeuwen, partner at Satriun Group, a Tagetik consulting partner. "Our best-practice approach to implementation was a critical success factor and ensured a highly efficient system for managing financial performance across the enterprise and meeting its complex reporting requirements. We very much enjoyed the collaboration with the Brunel team."
"Brunel conducted a comprehensive selection process to secure a software provider that could perfectly meet all of the company's requirements, show a realistic project approach and include product experts to support the implementation," said Marco van der Kooij, general manager, Tagetik Benelux. "Tagetik outperformed the competition by leveraging rich, 'built-in' functionality to support a global, complex consolidation and reporting process, as well as a strong commitment to go for the extra mile to make the project a success."
Brunel International's mission is to be the leader in specific segments of the international labour market. Founded in 1975, Brunel is today an international group with over 11,000 employees and EUR 1,229 million (2015) annual turnover. Brunel is a strong global brand with a network of 104 branch offices in 37 countries. Brunel International N.V. is listed on Euronext Amsterdam N.V. and included in the Amsterdam Small Cap Index (AScX).
About Satriun Group
Satriun Group was awarded "Global Specialist Consulting Partner of the Year" by Tagetik in 2014. Our mission: to challenge and empower the corporate center with enhanced financial reporting. It is the fundament on which we built our proposition. Delivering the corporate center with an agile and solid reporting process requires a deep understanding of a broad variety of topics, including planning & control, financial consolidation and business process optimization. We believe that Corporate Performance Management ("CPM") software is a powerful enabler, but never a goal in itself - it is the way CPM software is utilized that unlocks its real potential.
Tagetik understands the complex challenges that face the Office of Finance and translates that knowledge into intuitive, enterprise-scale performance management software solutions that drive business results. With Tagetik, companies get the simplicity of the Cloud and the power to unify financial and operational planning; shorten the consolidation and close process; immediately analyze results, model and compare full financial statement impact of business scenarios; adjust strategic plans; seamlessly update rolling forecasts; produce formatted and auditable financial statements and management reports; collaborate on business reviews, and automate disclosure and board reporting. Tagetik has built-in financial intelligence so that CFOs, finance managers, and operations executives can orchestrate multiple or all processes in one software solution. More than 850 customers across 35 countries count on Tagetik to improve efficiency, reduce risk, save money and deliver results. For more information, visit http://www.tagetik.com. We get Finance. You get results.
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Benelux Media Contacts:
Marco van der Kooij
General Manager, Tagetik Benelux