About the Customer
Randstad is a multinational human resource consulting firm witch support people and organizations to realize their true potential. Randstad operates 150 companies in 39 countries.
Scope and Challenges
In order to successfully meet IFRS 16 requirements, the Randstad accounting group had to identify and implement a software solution that could be used worldwide, as well as educating all stakeholders in new accounting standards and related processes to ensure consistency in all reported lease-related data.
Randstad Group implemented CCH Tagetik's software solution for Consolidation and Closing, Collaborative Reporting, IFRS 16 Lease Accounting. Randstad officially selected CCH Tagetik’s IFRS 16 Lease Accounting Solution in June 2017.
Outcome and Implications
CCH Tagetik provided all of Randstad's requirements and for managing workflows and providing audit tracking of all submitted data.
Some of the benefits are flexible organizational structures to manage new entities and account, improved accuracy and consistency of lease-related data across 39 countries, easy reconciliation, better data quality and for the last improved accountability for data submissions with workflow and audit trail.
”The solution’s workflow management capabilities and audit tracking force our operating companies to take responsibility for the data submitted and become much more engaged in the process overall”- said Sean Pourquie, Senior Manager of Global Financial Reporting, Randstad.
|Vendor||Old Product||New Product||Function||Market||Users||VAR/SI||When||Live|
|Wolters Kluwer||Oracle Hyperion||CCH Tagetik||Enterprise Performance Management||EPM||n/a||Satriun Group||2017||2018|
|First Name||Last Name||Title||Phone|
|Subscribe||Subscribe||Managing Director Group Global financial reporting & corporate accounting||Subscribe||Subscribe|
|Subscribe||Subscribe||IFRS 16 Project Manager||Subscribe||Subscribe|