European Industrial Manufacturing Company

The Vita Group

How VantagePoint helped The Vita Group architect and deliver a new finance platform for their consolidation, IFRS 16 and treasury processes.

The Challenge

Replacement of Hyperion Enterprise for the following finance processes:

  • Month-End Finance Closing and Finance Reporting
  • Weekly Finance Results Reporting
  • Daily Treasury Reporting
  • Year-End Finance Close and Reporting
  • A current lack of control and integrity checks on data. High number of manual processes to reconcile data, currency conversion and data copying. Dependency on Excel spreadsheets.

The Solution

CCH Tagetik consolidation implementation delivered within defined budget and timeline covering the managerial, statutory and treasury processes.

A new suite of reporting available and the client finance and treasury users fully enabled to own the solution. Considerable improvements in all key areas identified during the initiation of the project.

Further implementation using CCH Tagetik to deliver IFRS 16 compliance and disclosure management.

Industry: Consolidation
Location: Manchester, United Kingdom
Employees: 2800
Annual Revenue: £1bn

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