The Ajinomoto Group is accelerating the modernisation of its financial management by adopting rolling forecasts with CCH® Tagetik. Thanks to this transformation, the global leader in the food industry and amino acid sciences has significantly improved the accuracy of its forecasts and reduced the time spent on financial planning by 200 hours per year.
An agile and continuous view of performance
Operating in more than 130 countries and with 180 operating entities, the Ajinomoto Group decided in 2023 to move away from traditional financial planning based on medium-term plans. The company chose to adopt rolling forecasts, providing a continuous, real-time view of its performance.
To successfully make this strategic shift, the Group needed a Corporate Performance Management (CPM) solution capable of centralising its financial and non-financial data, improving the accuracy of its forecasts and streamlining collaboration among its many subsidiaries.
A strategic choice: CCH® Tagetik Intelligent Platform
Following an in-depth evaluation, Ajinomoto Group selected Wolters Kluwer’s CCH® Tagetik Intelligent Platform for its flexible data structure, strong integration capabilities and scalable infrastructure.
The platform enabled the Group to unify previously fragmented systems and bring together essential information, such as sales volumes and product performance, in a single environment, contributing to more transparent and consistent management worldwide.
“Ajinomoto Group’s digital transformation perfectly illustrates how CCH Tagetik helps improve the accuracy, agility and transparency of complex financial operations,” says Kumiko Minowa, Managing Director of CCH Tagetik Japan at Wolters Kluwer.
Measurable and sustainable results
The adoption of CCH Tagetik has already delivered results:
Significant improvement in forecast accuracy for profitability in fiscal year 2024, strengthening investor confidence.
Expansion of rolling forecast coverage from 29 to 36 entities.
Harmonised integration of data from more than 180 business units.
Reduction in forecast production time by 200 hours per year.
Creation of four new key reports annually and improved responsiveness to management data requests.
“By harnessing the power of the CCH Tagetik platform, we are improving the quality of decision-making and strengthening synergies between our subsidiaries. This is the fundamental role that the FP&A function must play in a global group such as ours,” explains Eiichi Mizutani, Executive Officer & Vice President, Finance & Investor Relations at Ajinomoto Co., Inc.
Planned expansion into the supply chain
Building on these results, the Ajinomoto Group plans to extend the use of CCH® Tagetik to supply chain management (SCM) and the centralisation of non-financial data. The objective: to further enhance agile, data-driven decision-making (data-driven decision-making).
source: wolterskluwer.com
