Listen to how The Vita Group now manages their financial consolidation

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<li class="breadcrumb-navigation__item home"> <a class="breadcrumb-navigation__link" href="/en-ca/expert-insights"><span class="breadcrumb-navigation__backtotext">Back to </span> Expert Insights </a> <span class="breadcrumb-navigation__separator separator">></span> </li> <li class="breadcrumb-navigation__item home"> <span class="breadcrumb-navigation__link">The Vita Group now manages their financial consolidation pro...</span> </li> </ol> </nav> </div> </div> </div> </div> </div> </div> </div> <div class="container-fluid"> <div > <div class="row"></div> </div> </div> </div></div></div> </div> </header>   <main> <div id="content" class="container"> <div class="row"> <div class="row"><div class="component article-header col-12"> <div class="component-content"> <div class="image field-image"></div><div class="container no-padding"><div class="col-lg-10 offset-lg-1 no-padding"><div class="eyebrow"><span class="interest-area field-name">Finance</span><span class="date field-editorial-publish-date">November 23, 2022</span></div><h1 class="title field-title">The Vita Group now manages their financial consolidation process smarter and more efficiently with more confidence and less risk.</h1><div class="author-section"></div></div></div> </div> </div> <div class="row component column-splitter"> <div class="col-12 col-md-8 col-lg-1 sticky-wrapper"> <div class="row"> <div class="component social-share vertical col-12"> <div class="component-content"> <div class="share-sticky"><div class="share-wrapper"><div class="share-btn share-btn-linkedin" aria-label="Share on Linkedin"></div><div class="share-btn share-btn-twitter" aria-label=" Share on Twitter"></div><div class="share-btn share-btn-facebook" aria-label="Share on Facebook"></div><div class="share-btn share-btn-mail" aria-label="Share with Mail"></div><div class="share-btn share-btn-print" aria-label="Print"></div><div class="share-btn share-btn-link" aria-label="Copy Link"></div></div></div> </div> 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data-variantitemid="{E5D3FAE7-760E-4669-9DAB-455BE66AF910}">Request A Demo</a></div><div class="wkbutton-wrapper"><span title="wk-icon-users" class="wkbutton-icon wk-icon-users"></span><div class="wkbutton-label field-label">Request A Demo</div></div> </div> </div> <div class="component rich-text article-text"> <div class="component-content"> </div> </div> <div class="component rich-text article-text"> <div class="component-content"> </div> </div> </div> </div> </div> <div class="container-fluid"> <div > <div class="row"> </div> </div> </div> <div class="container-fluid"> <div > <div class="row"> <div class="component rich-text article-text"> <div class="component-content"> As a manufacturing business we have a very close control of margins, performance, reviews and business management needs to focus quite heavilyon getting out performance and having a system to be able to achieve that is key for us.<br /> <br /> We used an oldlegacy system, Hyperion Enterprise, which was quite a manual process, a lot of inefficient workflows and processesthat we needed to manage manually, our main costs were inefficiencies rather than system running costs, but certainlythe move to CCH Tagetik from having an on-premise to a cloud solution, has seen kind of a payoff certainly in terms of that reduced inefficiency, having a platform that we can run more flexibly different scenarios, different reporting perimeters, that's certainly something that our old systemstruggled to deliver.<br /> <br /> We are using CCH Tagetik for management consolidation and statutory consolidation with a view to improving a lot of the internal on board reporting that we're required to do.<br /> <br /> As a European business we have multi-currency requirements for our reporting, we have multiplegroup structures that we need to consolidate to, so having a consolidation platform that can do multi-currency quickly and in different scenarios, is a key requirement for us.<br /> <br /> So, CCH Tagetik's IFRS 16 tool will add a lot of value to VITA the ability to capture very detailed data on our leases and run complex calculations quickly will help us to become compliant very quickly andwith more confidence in our ultimate disclosures.<br /> <br /> The improvements that we've seen already, workflow and process management has improvedsignificantly the ability to capture data quickly from our different controllers and be able to consolidate and report on thatin a more structured manner, has certainly been the biggest improvement that we've seen.<br /> <br /> I would absolutely recommend CCH Tagetik to anyone looking to improve the Finance function. </div> </div> <div class="component wkbutton primary reverse"> <div class="component-content"> <div class="wkbutton-link field-link"><a data-variantfieldname="Link" aria-label="View All Videos " title="View All Videos" href="/en-ca/solutions/cch-tagetik/resources" data-variantitemid="{843638A8-CF11-4C14-9F15-DF1C06756E68}">View All 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class="productpromo-fulldescription field-full-description">With CCH Tagetik Financial Close and Consolidation Software, we manage the complexity so you can accelerate the close.</div><div class="productpromo-cta-wrapper"><div class="productpromo-cta field-cta1"><a data-variantfieldname="CTA1" data-dm-wk="productpromotion.button" target="|Custom" title="Learn More" href="/en-ca/solutions/cch-tagetik/financial-close-consolidation" data-variantitemid="{BF8E8505-73D1-42BB-A39E-D7FBE2BA1B7C}">Learn More</a></div><div class="productpromo-cta field-cta2"><a data-variantfieldname="CTA2" data-dm-wk="productpromotion.button" target="|Custom" title="View a Demo" href="/en-ca/solutions/cch-tagetik/demo" data-variantitemid="{BF8E8505-73D1-42BB-A39E-D7FBE2BA1B7C}">View a Demo</a></div><div class="productpromo-cta field-cta3"><a data-variantfieldname="CTA3" data-dm-wk="productpromotion.button" target="|Custom" title="Contact Us" href="/en-ca/solutions/cch-tagetik/about/contact-us" 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