Acea Case Study
Key Takeaways
⇨ Key Challenge: Acea faced challenges with disconnected processes and slow, unresponsive tools, hindering accounting alignment and data management.
⇨ Solution and Benefits: By integrating SAP HANA with CCH Tagetik, Acea achieved a 40% reduction in report processing times and a 25% reduction in data-entry processing times, accelerating financial close and optimizing performance in real-time.
⇨ Outcome: The transformation enabled Acea to handle 10 times more data across processes, improving transparency, user experience, and overall financial process efficiency.
How to Accelerate Financial Close and Optimize Performance in Real-Time
The Acea Group is an integrated, multi-utility company leader in Italy managing and developing networks and services in the water, energy, environment, and energy infrastructure sectors. Acea needed to respond promptly to optimize processes, including financial close.
The company embarked on a process and reporting technology transformation with the goal of integrating data and processes and improving the user experience with faster cycles and greater insights. It found success with partner solutions on SAP® Store.
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The Challenge
- Disconnected, siloed processes inhibited accounting alignment
- Tools for qualitative and quantitative analysis were slow and unresponsive
- Lacked the means to manage large amounts of data with analytical detail
- Long data collection and processing times
Learn more with Wolters Kluwer | CCH Tagetik.
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