Discover the latest software purchases and digital transformation initiatives being undertaken by Metro AG and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 97639 Metro AG employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Metro AG has purchased the following applications: JDA Advanced Store Replenishment for Inventory Management in 2020, ABM TMS for Transportation Management in 2019, SAP S/4 HANA for ERP Financial in 2018 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Metro AG is running and its propensity to invest more and deepen its relationship with Blue Yonder Group, Inc, ABM Cloud, SAP or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Metro AG revenues, which have grown to $31.13 billions in 2019, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Metro AG intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
About the Customer
Metro AG, otherwise known as Metro Group, is a German global diversified retail and wholesale/cash and carry group based in Düsseldorf. It was established in 1964 by Ernst Schmidt and Wilhelm Schmidt-Ruthenbeck and employs around 140000 employees.
Scope and Challenges
Due to its group structure, the international retailing company METRO faces many challenges when it comes to mapping changes in corporate law. In order to achieve more flexibility and to increase the degree of automation, the listed company replaced the previously used consolidation solution. With the introduction of CCH Tagetik, METRO has been able to optimize the consolidation steps, significantly shorten the financial reporting process, and is now able to respond much more flexible to finance requirements through simulations and scenarios.
It is the group consolidations that is done with the consolidation project, the statutories are made with almost 20 different ERP systems, locally in the countries, and those have to be harmonized and the data processing has to be organized globally by collecting the from those 20 ERP systems which are run in 480 reporting units. All that has to be collected in the headquarter in Germany.
Outcome and Implications
CCH Tagetik is primarily used in the METRO Group for the consolidation of actual figures as well as planned figures including forecasting and budgeting. Reporting also takes the form of standard reports on the solution. Above all, employees in the Controlling and Consolidation departments work with the system every day when recording and evaluating business data up to 250 users can access it in parallel for reporting purposes.
Metro AG is impressed with the flexibility that CCH Tagetik, building different scenarios, and being able to simulate situations to plan and see how things would have looked like if the basics wee changed. Those particular actions wouldn't have been possible with the former consolidation system, and from that Metro saw the impressive flexibility of CCH Tagetik.
"We have reached the limits of our capacity with this product over time. The amount of work has gradually increased, as much of it could only be done manually. Due to the corporate structure at METRO, there is practically no standstill - we are required to reflect changes in company law relatively frequently and to carry out simulations. With the legacy system, this was often only possible via additional postings and additional calculations and the analysis of historical data was very time-consuming. In addition, only limited restatement functions were available for adjusting the previous year, as an example." - said Björn Hoffmann, Head of Consolidation System, METRO AG.
|Vendor||Old Product||New Product||Category||Market||Users||VAR/SI||When||Live|
|ABM Cloud||Legacy Applications||ABM TMS||Transportation Management||SCM||n/a||n/a||2019||2019|
|Subscribe||Subscribe||Subscribe||ERP Financial||ERP Financial Management||Subscribe||Subscribe||2018||2019|
|First Name||Last Name||Title||Phone|
|Subscribe||Subscribe||Head of Forensic Audit (incl. Finance Audit) / SAP Hana Implementation||Subscribe||Subscribe|
|Subscribe||Subscribe||Head of Consolidation System||Subscribe||Subscribe|
|Subscribe||Subscribe||Head of Controlling & Reporting Processes||Subscribe||Subscribe|
|Subscribe||Subscribe||Regional HR Officer CEE, VP Human Resources||Subscribe||Subscribe|
|Subscribe||Subscribe||Head of Finance Audit||Subscribe||Subscribe|
|Subscribe||Subscribe||M&A Controlling and Accounting||Subscribe||Subscribe|
|Subscribe||Subscribe||Regional Financial Controller||Subscribe||Subscribe|
|Subscribe||Subscribe||Director HR Operations||Subscribe||Subscribe|
|Subscribe||Subscribe||Head of Branded Procurement||Subscribe||Subscribe|
|Subscribe||Subscribe||SAP Treasury Operations Management||Subscribe||Subscribe|
|Subscribe||Subscribe||Chief Solution Officer/CIO||Subscribe||Subscribe|