CCH Tagetik has announced that British hospital group Spire Healthcare Group plc has selected its financial planning and forecasting solution to strengthen and modernise its Financial Planning & Analysis (FP&A) process. This initiative is part of a broader financial transformation drive aimed at improving budget coordination and visibility into the organisation's performance.
With a network of 39 hospitals and clinics in the United Kingdom, Spire Healthcare manages operations across numerous sites. In this context, financial planning and budgeting processes require tools capable of integrating large volumes of operational and financial data while facilitating collaboration between different teams.
A unified platform for FP&A
By adopting CCH Tagetik's Planning & Forecasting solution, Spire Healthcare aims to centralise its planning and forecasting processes on a single platform. The objective is to unify financial and operational data in order to improve forecast reliability and enhance the consistency of planning processes.
This approach makes it possible, in particular, to:
harmonise budgeting processes across the different facilities
gain a consolidated view of financial performance
improve forecast accuracy
reduce reliance on spreadsheet-based planning models.
According to the vendor, implementing a unified platform should also facilitate collaboration between finance teams and operational managers across the group's different facilities.
Transformation accelerating in the healthcare sector
Spire Healthcare's initiative reflects a broader trend in the healthcare sector. Many hospital and pharmaceutical organisations are now seeking to modernise their financial planning processes by replacing fragmented systems, often built around Excel spreadsheets, with integrated financial planning and analysis platforms.
These solutions enable data to be centralised, improve the reliability of analyses, and strengthen forecasting and simulation capabilities. In an environment marked by increasing regulatory and operational requirements, these platforms are becoming an important lever for structuring and managing financial performance more effectively.
By announcing Spire Healthcare's selection, CCH Tagetik illustrates the gradual shift of healthcare organisations towards more integrated and structured planning tools.
source: CCH Tagetik
