Rabobank, a cooperative banking institution with globally distributed offices, faced challenges with fragmented budgeting and forecasting processes. Each segment of the bank operated independently, creating inefficiencies and reliance on complex Excel sheets.
Prior to adopting CCH® Tagetik, Rabobank’s teams relied heavily on Excel for financial planning. For instance, the Australian and New Zealand regions were managing 140 separate Excel sheets, creating cumbersome workflows and increasing the risk of errors. Additionally, moving from an on-premise solution to cloud-based operations initially faced skepticism internally.
With the guidance of consultants in the Benelux, Rabobank implemented CCH® Tagetik across all segments. The solution not only provided a cloud-based financial management system but also brought together all independent segments for a unified approach to budgeting and forecasting.
Results:
- Streamlined processes. Excel sheets in the Australian and New Zealand region reduced from 140 to just 5.
- Enhanced cloud performance. Migration to the cloud resulted in significantly better uptime and reliability.
- Collaborative implementation. Consultants worked closely with Rabobank to tailor the solution to the bank’s unique cooperative structure.
- Empowered users: Both head office and local office users gained advantages from the system, improving efficiency and insight across the organization.
CCH Tagetik has changed our business. The consultants truly think with you to create solutions that fit our way of working, not just their standard approach. They really make a difference – Serge Tegelaar Rabobank
