In business for more than sixty years, Tunstall pioneers the use of technology to support those requiring care & health intervention to live independently in their chosen home or group setting. The aim is to balance independence with reassurance and provide tailored support which meets individuals’ needs now and in the future. Tunstall supports more than five million end users across the world.
Tunstall’s consolidation challenges
Tunstall were facing challenges prior to the implementation of a new consolidation solution. They were using an old system which lacked the sophistication and flexibility to deal with the increasingly complex consolidation requirements of the growing Group, and the ability to drive the level of deep insight that is required. The software solution that Tunstall required also needed a way to pull in both financial and non-financial data directly from the ERP and other group systems to enhance the overall reporting capabilities.
CCH® Tagetik Financial Close & Consolidation and CCH® Tagetik Collaborative Office from Wolters Kluwer were able to support Tunstall by delivering a consolidation solution to address these challenges.
Choosing CCH® Tagetik expert solution from Wolters Kluwer
The quality of CCH Tagetik’s expert solution meant that it was the standout vendor of choice. CCH® Tagetik Financial Close & Consolidation and the addition of Collaborative Office will help Tunstall to achieve a number of their goals:
- FAST & AUTOMATED FINANCIAL CLOSE – Leading to a faster, better controlled month end close and consolidation process. Tunstall can now complete trial balance imports, intercompany reconciliations, journals and reporting in a single platform.
- ENHANCED REPORTING CAPABILITIES – An ability to deal with multiple complexities, produce higher quality reporting and a greater level of insight.
- Advanced consolidation intelligence & DEEPER ANALYSIS – Pulling in both granular financial and non-financial data to enable integrated reporting and a faster close.
- ANALYTIC INFORMATION HUB – Tunstall wanted the ability to bring in additional data using the built-in CCH® Tagetik Analytic Information Hub, a game-changing performance engine that centralizes and transforms high volumes of granular financial and operational data — quickly.
Stephen Jones – Group Finance Director comments;
“The presence of the CCH® Tagetik Analytic Information Hub and the ability to bring in non-financial data such as operational and KPI related data was a key selling point for us.”
“The addition of sophisticated, better controlled and faster consolidation software means we can spend more time drawing conclusions from the data and driving better insight.”
“The Collaborative Office feature also means we can now integrate much of our reporting with the consolidation tool”.
James McEntee – Managing Director CCH Tagetik UK comments;
“We’re very excited to be working with a pioneering company like Tunstall, who are using CCH® Tagetik expert solution to drive greater efficiencies and insight across both financial and non-financial information in support of their business”.
Choosing the right implementation partner
HAYNE was selected by Tunstall as the implementation partner.
Stephen comments;
“I have been impressed with the efforts of Michelle and Nimesh at HAYNE. HAYNE clearly understood the challenges we have been facing and how to solve these challenges. I was impressed with HAYNE’s level of knowledge, both from a software and accountancy point of view”.
Tunstall now look forward to having a best-in-class solution to support their Financial Consolidation, integrate directly with their ERP system and facilitate better reporting and insight.