Satriun presentation cch tagetik as efficient cpm platform at agfa

1. CCH Tagetik as efficient CPM platform
at Agfa-Gevaert NV
Michiel Lelsz
michiel.lelsz@satriun.com

2. WE ARE SATRIUN.
We push the boundaries
of corporate performance management.
By speaking the language of the CFO
and understanding his challenges.
With top-of-the-league specialists
in transforming finance and integrating systems.
True experts with client-side experience
and a never-settle-for-less mentality.
We always deliver, regardless of the challenge.
Where others have failed, we take over.
We get the job done. In time. On budget.
Unlocking new opportunities.
That is what drives us.
That is what make us Satriun.

3. Company facts CCH Tagetik facts Core competences Other competences
Founded in 2011
65 consultants
8 own offices
Amsterdam ∙ Geneva ∙ Paris ∙ Zurich
Antwerp ∙ Munich ∙ Bucharest ∙ Tel Aviv
7 countriesacross
100+ references
cross-industry / cross-technology
Strategic
Planning
Budgeting
& Planning
Actual Close
& Consolidation
(Rolling)
Forecasting
Application
Quick Scan
IFRS 16
Belgian GAAP
Starter Kit
Support
Services
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV
More than 50
implementations
2014 2018,
consulting partner
of the year
worldwide first
champion
level consultant
CCH Tagetik
2019&

4. Our selected CCH Tagetik clients
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV

5. Application &
Process Build
To build the required master data,
workflows, business rules, translation /
elimination / consolidation rules, data
integrations, data entry forms and reports
in the selected CPM solution.
Data
Conversion &
Testing
To convert and tie out historic financial and
non-financial data both at single company
and consolidated level, and to do exhaustive
testing on the configuration of the CPM
solution.
Documentation
& Training
To prepare end user, power user and
consolidator documentation and to deliver a
hands-on training program based on the
simulation of a planning or reporting
process.
Acceptance &
Go Live
To execute on one or more parallel runs,
allowing for a full back-to-back user
acceptance test of the CPM solution,
followed by a switchover from the old to the
new solution and the necessary aftercare.
Project Scoping To reach consensus about the ultimate
goals and deliverables of the CPM project to
be initiated, providing clear guidance to the
project team during the full lifecycle of the
project delivery.
Functional
Blueprint
To define the functional requirements for
the envisaged CPM solution, outlining a
high level design based on the goals and
deliverables as set during the Project
Scoping phase.
CPM Tool
Selection
To ensure a transparent CPM solution
selection process, allowing for clear
benchmarking of the shortlisted solutions
and validating the functional fit to the
Blueprint via Proof-of-Concept demo’s.
Detailed Design To design the CPM data model’s chart of
accounts and business dimensions (e.g.
segment, division, function) covering all of
income statement, balance sheet, cash flow
statement and non-financial value drivers.
5
6
7
8
1
2
3
4
How we work
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV

6. Illustrative CCH Tagetik clients and themes
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV
€ 23bn annual revenue
936 legal entities
568 users
€ 628m annual revenue
40 legal entities
50 users
• Financial consolidation
• Legal / managerial /
geographical / fiscal unity
• Automated cash flows
• Transfer pricing calculations
• Tax accounting schedules
• IFRS16 lease accounting
• Constant currency analysis
• Rolling forecasting
• Weekly flash reporting
• Organic growth reporting
• Sustainability reporting
• CXO Cockpit reporting
• Financial consolidation
• Cost by nature & by cost center
• Sales & margin by product
categories and by brand
• Automated cash flows
(managerial and IFRS)
• Forecasting P&L, balance sheet,
cash flow
• Strategic planning
• IFRS16 lease accounting
• IFRS annual disclosures
• SAP FI/COPA integration
• CXO Cockpit reporting
€ 2.2bn annual revenue
157 legal entities
300 users
• Financial consolidation
• Cost by nature / by function
• Cost allocation rules
• Automated cash flows
• IFRS16 lease accounting
• IFRS annual disclosures
• Tax accounting schedules
• Constant currency analysis
• Currency exposure analysis
• Forecasting
• IC profit in inventory elims
• Sales & margin plan by product
• Management reporting

7. Introduction to Agfa-Gevaert NV
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV
Operations in 49 countries€ 2.2 billion annual revenues
300 users for corporate reporting157 legal entities

8. The status quo at Agfa-Gevaert NV
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV
Cognos Controller
Quarterly process
IFRS reporting
Actual data
Currency translation
Equity consolidation
Financial Accounting Silo
SAP SEM-BCS
Monthly process
Management reporting
Actual & plan data
Breakdown by BG/BU
Cost allocations
Management Accounting Silo
Reconciliation & alignment
Cash flow statement
Cost by nature
Currency exposure
IFRS disclosures
Tax accounting
IC profit in inventory

9. The solution: CCH Tagetik implemented by Satriun
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV
Objective
Eliminate and integrate the financial and management accounting silos
and along the way include the existing Excel-based content as well.
CCH Tagetik

10. Integratedfinancialdatamodel
The integrated solution at Agfa-Gevaert NV today
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV
Income Statement
• Cost by nature
• Cost by function
• Split by BG/BU
• Split by destination
• Details for non-recurring effects
Balance Sheet
• IFRS-view
• Capital employed-view
• Embedded movement schedules
• Embedded validation checks
Cash Flow Statement
• Fully automated in any currency
• Single company and consolidated
• IFRS-view
• Free Operating Cash Flow-view
• Cash flow per BG/BU
Plus
• Several non-financial indicators
• Fully automated cost allocations by BG/BU based on allocation keys
• Annual IFRS disclosures
• Tax accounting schedules
• Currency exposure reporting
• Delegated intercompany matching
• Fully automated equity consolidation
• Fully automated elimination postings for intercompany profit in inventory
• More automated data integrations to a.o. SAP FI and SAP CO
• Workflows and process management
+

11. Intercompany reconciliation as integrated functionality in the process
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV

12. Integrated data model
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV
Balance Sheet
movements
Income
Statement
Balance
Sheet
Cash Flow
Statement
Requirements
• Balance sheet movement analysis
• Separation of cash and non cash movements
• Separation of operating, investing and financing
activities
• Connectivity of non cash movement with either
income statement or other comprehensive income

13. Integrated data model: example revolving credit facility (financing activities)
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV
223000 Revolving Credit Facility
V00
Opening
balance
V02
Change
in acc.
policies
V05
Business
combin.,
acquisitions
V20
Cash
relevant
additions
V25
Cash
relevant
disposals
V40
From/to
P&L
V70
Reclasses
between
accounts
V85
Business
combin.,
divestments
V95
Currency
translation
$EB
Closing
balance
388210 Exchange results Revolving Credit Facility
388800 Amortisation capitalized financing costs RCF
472000 Proceeds from Revolving Credit Facility
472400 Repayment of Revolving Credit Facility
Balance Sheet
Cash Flow Statement Income Statement

14. Integrated data model: example held to maturity investments (investing activities)
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV
133400 Held to maturity investments measured at cost
V00
Opening
balance
V02
Change
in acc.
policies
V05
Business
combin.,
acquisitions
V20
Cash
relevant
additions
V25
Cash
relevant
disposals
V40
From/to
P&L
V70
Reclasses
between
accounts
V85
Business
combin.,
divestments
V95
Currency
translation
$EB
Closing
balance
384200 Unwind of discount on held to maturity inv.
385200 Impairment loss on held to maturity investm.
385250 Reversal of impairment held to maturity inv.
387040 Gain on sale of other investments
387140 Loss on sale of other investments
464400 Acquisition of held to maturity investments
465000 Proceeds from sale of other investments
Balance Sheet
Cash Flow Statement Income Statement

15. Integrated data model: example right of use assets (financing activities)
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV
121000 Right of Use cars – at cost
121050 Right of Use cars – accumulated depreciation
V00
Opening
balance
V02
Change
in acc.
policies
V05
Business
combin.,
acquisitions
V15
New
lease
contracts
V17
Lease
revaluations
V25
Cash
relevant
disposals
V40
From/to
P&L
V85
Business
combin.,
divestments
V95
Currency
translation
$EB
Closing
balance
Balance Sheet
223600 Lease liabilities
472800 Lease payments
Cash Flow Statement
324220 Depreciation Right of Use cars
384020 Unwind of discount on lease liabilities
388240 Exchange results lease liabilities
Income Statement

16. Balance sheet movement types in the Agfa-Gevaert NV datamodel
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV
V00 Opening balance The balance sheet amount as per 31 December of the previous year
V02 Change in IFRS accounting policies Changes in accounting policies impacting the opening balance for the year
V05 Business combinations, acquisition amounts Incoming balance sheet of an acquired subsidiary and/or acquisition entries at the investor
V07 Business combinations, PPA effects PPA effects related to the business combination
V09 Acq. NCI w/o change in control Amounts related to buy-out of NCI
V10 Emission rights & WKK/other non-cash postings Amounts related to Emission rights &WKK
V15 New lease contracts Recognition of an asset following a finance lease and/or mortgage contract (non-cash)
V17 Lease revaluations Amounts related to revaluations of lease contracts
V20 Cash relevant additions Generic cash relevant movements, resulting in an increase of the balance sheet position
V25 Cash relevant disposals & retirements Generic cash relevant movements, resulting in an decrease of the balance sheet position
V30 Constr. in progr. & adv. paym. put into use Transfer from Construction in progress to PPE category
V40 From/to profit or loss statement Amounts recognized in the income statement, such as depreciation
V45 From/to equity Transactions with equity components
V50 Mergers and transfers, intercompany Mergers of Agfa companies or asset transfers between Agfa companies
V60 Dividends external Dividends paid out to external shareholders
V62 Dividends IC Dividends paid out to Agfa shareholders
V65 Issue & redemption of shares IC Issue of shares to Agfa shareholders
V70 Reclassed between BS positions Generally reclassifications between balance sheet accounts
V80 Other cash relevant movements Generic cash relevant movements, mainly related to working capital accounts
V85 Business combinations, divestment Outgoing balance sheet of a divested subsidiary and/or divestments entries at the divestor
V90 Currency translation (GL) Currency translation effects recognized in the single company financial statements
V95 Currency translation (conso) Currency translation effects recognized upon consolidation by Tagetik
V98 Reconciliation account (must be 0) Validation movement type, must be zero at all times
$EB Closing balance The balance sheet amount as per reporting date
Automatic flow type
Cash flow type

17. Elimination of Financial Investments at Agfa-Gevaert NV
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV
Ownership register
• Elimination journal of Financial Investments (group
companies) is generated from Ownership register
• In the ownership register the following data is
stored
• Owner and owned entity
• Date of transaction
• Type of transaction
• Ownership percentage
• Currencies
• Historical value of Financial Investments
• Equity accounts to be eliminated
• Historical FX rates to be applied

18. Data categories in the Agfa-Gevaert NV datamodel
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV
Local GAAP input
IFRS adjustments
Entity Reported Data
Cost allocations
Corporate adjustments
Entity Pre-Consolidated Data
Intercompany elimination
Currency translation
Financial investment elimination
NCI calculation
Net equity elimination
Entity Consolidated Data
∑
∑
∑
Local currency
Group currency
Data categories
• Full and transparent audit trails from local GAAP
input all the way to the consolidated data
• Automated cost allocations, intercompany
eliminations, currency translations, financial
investment eliminations, NCI calculations and net
equity eliminations
• Cash flow statement fully reconciling at any level,
be it single company reported data, divisional sub-
consolidated data, or total group consolidated data

19. Consolidation USP’s of Tagetik: on-the-fly segment reporting
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV
Entity A
Entity B
Entity C
Entity D
Entity E
Legal Cons
Entity A
Entity B
Entity C
Entity D
Entity E
EMEA
Americas
Man Cons
Consolidate & post
intercompany
elimination journals
in every entity once…
…to use those
journals to present
every managerial
view required
Stored in database Generated on-the-fly
Tagetik will show a consolidated Americas
with only intercompany between Entity D
and Entity E eliminated, while this scope
does not exist in the database!

20. Consolidation USP’s of Tagetik: on-the-fly currency conversion
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV
Entity A
Entity B
Entity C
Entity D
Entity E
Legal Cons
Entity A
Entity B
Entity C
Entity D
Entity E
EMEA
Americas
Man Cons
Stored in database Generated on-the-fly
Original Cons
EUR EUR
GBP EUR
CHF EUR
USD EUR
CAD EUR
EUR
EUR
EUR
USD
USD
USD
EUR
EUR
Generate any
managerial view in
any currency
without the need to
consolidate again
Note how Entity E is presented in a currency for
which no data is stored in the database! Can also
be used to present e.g. actual at budget rates.

21. Also available based on Belgian GAAP as a starter kit!
CCH TAGETIK AS EFFICIENT CPM PLATFORM AT AGFA-GEVAERT NV

22. Offices
AMSTERDAM
Barbara Strozzilaan 101
1083 HN Amsterdam
The Netherlands
GENEVA
Quai de l’Île 13
1204 Geneva
Switzerland
ZÜRICH
Mythenquai 24-28
8002 Zürich
Switzerland
PARIS
18 rue Pasquier
75008 Paris
France
MUNICH
Theresienhöhe 28
80339 Munich
Germany
BUCHAREST
Calea Floreasca 169A
014459 Bucharest
Romania
TEL AVIV
3 Hanehoshet
6971068 Tel Aviv
Israel
ANTWERP
Noorderlaan 147
2030 Antwerp
Belgium