Credit Europe Group NL selected CCH Tagetik via consultancy partner Fintra EPM, against competition from Oracle. Credit Europe Group NL was seeking the flexibility to address strategic aims mainly in consolidation, budgeting planning and collaborative office. Credit Europe Group NL belongs to Fiba Group, who also had a very positive experience using CCH Tagetik for its Consolidation and Collaborative Office process implemented in 2015 as a first step towards Oracle HFM replacement.
Headquartered in the Netherlands, Credit Europe Group NL operates 49 branches, 108 ATMs and around 8,480 point of sale terminals. The Bank has 1.183 employees in 9 countries. About 900,000 customers around the world entrust their financial affairs to Credit Europe Bank.
The processes specified, based on 50 users, are: Consolidation, Budgeting and Planning and Collaborative Office Starter. These will be applied to: annual reporting; budget modeling; consolidation of budget data; financial consolidation and reporting and management consolidation.