STAMFORD, Connecticut and LUCCA, Italy, June 29, 2016 /PRNewswire/ --
Mathias Guerin, Deputy CEO And Finance Director Of I-CDC, Details how the Organization Replaced Seven Technology Systems With a Unified Financial Performance Platform; Improved Reporting, Reduced IT Support, and Detailed Auditability Among Benefits Realized
Tagetik, a visionary leader in global performance management software solutions, will host the webinar, "The Unification of Financial Processes to Improve Control in the Office of Finance," the latest presentation in Tagetik's popular Progressive CFO™ monthly series, on Wednesday, July 6, at 9 a.m. Eastern Time/ 3 p.m. Central European Time. The webinar's guest presenter is Mathias Guérin, deputy CEO and finance director of Informatique-CDC (I-CDC), the organization responsible for operating and maintaining technology solutions for Caisse des Dépôts et Consignations (CDC) and its many subsidiaries.
In 2012, Guérin's team led a selection initiative to identify a solution that would support the diverse financial needs and processes of its many decentralized businesses , as well as the CDC's centralized management objectives and the detailed auditing and reporting requirements of the organization. After extensive evaluations, the I-CDC selected Tagetik's Financial Performance Platform™.
Vincent Salmon, vice president of professional services for Tagetik France, will direct the conversation. The 30-minute interview will touch on:
- The unique financial management challenges of the CDC and its subsidiaries;
- The critical importance of flexibility and modularity for progressive implementations and for local and centralized control;
- The benefits a centralized database and financial platform bring to a highly diverse and complex business model;
- The migration path taken to move the organization from seven systems to a single unified solution;
- The training and adoption process, which impacted approximately 200 accounting departments.
We've certainly seen significant time savings, improved data consistency and auditability, and reduced ownership costs. But one of the biggest advantages we've gained is having a solution that gives local entities the control and flexibility they need to effectively manage their businesses, while simultaneously supporting the CDC's centralized management objectives and the very complex compliance reporting requirements we must address," said Guérin.
"Given its incredible business complexity, the CDC's migration to a unified financial platform is particularly impressive," said Salmon. "This webinar will highlight important considerations and best practices that would benefit any company considering a similar transition."
The CDC is a state-owned organization that has multiple lines of business, including investments in economic development initiatives, the centralization and management of savings accounts and pension funds, and the development and management of properties. The organization has approximately £160B in assets, 6,400 employees, and many subsidiaries and affiliates. The I-CDC is an 800-employee subsidiary focused on the technology support of the CDC and other subsidiaries.
To register for the live webinar, click here.
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 www.tagetik.com. We get Finance. You get results.
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