Zeelandia selects Satriun Group

Royal Zeelandia Group selects Satriun Group to implement CCH Tagetik.

Zeelandia selects Satriun Group for CCH Tagetik implementation

AMSTERDAM, 22 January 2018

The Royal Zeelandia Group, a supplier to the professional bread and confectionery trade worldwide, selects Satriun Group to act as its implementation partner for CCH Tagetik as a replacement for its existing IBM TM1-based consolidation system. The engagement includes advisory on the definition of a Group Chart of Accounts and on best practices to automate financial consolidation postings, cash flow calculations, and intercompany profit in inventory elimination postings, and to achieve process efficiency gains for group reporting including delegated intercompany matching and increased data quality controls.

“We are keen to use the momentum of replacing IBM TM1 with CCH Tagetik to enhance our financial consolidation and reporting processes and methodologies,” says Marika Menschaar, Manager Corporate Control at Zeelandia, “and Satriun Group has demonstrated their capabilities to advise us with best practices. We are convinced that the CCH Tagetik software in combination with the implementation methodologies applied by Satriun Group enables us to consolidate and report faster and with increased value added to our board of management.”

Casper van Leeuwen, Partner at Satriun Group, comments: “We are extremely happy that Zeelandia recognizes our ability to combine management consulting services with integrator services, allowing to maximize the impact the implementation of CCH Tagetik will have on the organization and supporting the Corporate Control team for years to come. It is an exciting challenge to advise Zeelandia on the optimization of a broad array of financial- and management accounting concepts while at the same time guiding them through the change from IBM TM1 to CCH Tagetik.”

The engagement with Zeelandia is expected to take approximately six months from initiation up to delivery and sign off.

About the Royal Zeelandia Group

When H.J. Doeleman founded Zeelandia in 1900, the company’s core business was to produce rusk jelly for local bakers in the Dutch coastal province of Zeeland. Over the following decades, the company steadily expanded its portfolio and international scope, earning the designations ‘Purveyor to the Royal household’ (1925) and ‘Royal’ (1950) along the way. Today, The Royal Zeelandia Group serves the professional bread and confectionery trade worldwide with inventive high-quality baking ingredients. Constantly searching for inventive ways to create bakery success. The Group has 21 production sites and sells its products in 100 countries worldwide. Zeelandia operates globally through subsidiaries, joint ventures and local distribution and reseller partners.

About Satriun Group

Satriun Group is a CPM consultancy active throughout Europe on all leading Corporate Performance Management technologies and engaged with some of the most prominent multinationals to deliver Financial Management, Regulatory Support, CPM Solutions and Change Management services. Our team is composed of experienced consultants covering CFO consulting services and Corporate Performance Management systems implementations in the areas of financial consolidation, budgeting, planning & forecasting, and disclosure management. Satriun Group has offices in Amsterdam, Geneva, Paris, Zurich, Munich, Tel Aviv and Bucharest.

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Casper van Leeuwen
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