De Mandemakers Groep a fast-growing kitchen, bathroom and furniture company based in the Netherlands, has chosen Tagetik 3.0 to optimize its performance management processes. This solution will replace the company’s existing spreadsheet-based system to unify the monthly close, reporting and consolidation processes as well as deliver driver-based budgeting and more accurate monthly forecasting.
“In the past few years, our company has grown dramatically both in size as well as in our international scope,” explains Jeroen Maan, Financial Director at DMG. “Currently, we are still using spreadsheets to consolidate our data and prepare budgets and forecasts – with all of the usual difficulties and uncertainties. We chose Tagetik 3.0 due to its built-in functionalities and strong process integration based on a single source of data. The low TCO [total cost of ownership] helped, of course, as well.”
In the first phase of the project starting in January, the company will implement Tagetik’s solution for monthly reporting and consolidation which will replace its current spreadsheet-based system as well as to streamline the financial close. The second phase, which is scheduled to begin in March, will enable driver-based, monthly forecasting and budgeting processes.
Tagetik 3.0 runs on Microsoft SQL Server database and is able to collect information from multiple ERP systems. The software also incorporates Microsoft Excel, Word, and other familiar Offices products as user-friendly interfaces for data analysis and reporting.
“We are able to provide organizations an integrated Corporate Performance Management application that is easy to use and maintain while providing rich built-in features such as process workflow and audit-trail capabilities,” comments Marco van der Kooij, General Manager at Tagetik Nederland. “With DMG, we presented a live demonstration of the software, conducted different workshops to analyze their requirements, and developed an ad hoc proof of concept to show the software’s capabilities. This way, the decision-makers at DMG could truly understand how the software would work in their environment and, ultimately, assess the value of our software and the organization behind it.”
