Nolato

The Nolato Group successfully utilised IBM Cognos Controller for group reporting from 2011 until the transition to CCH Tagetik Consolidation, which went live in August 2025. In early 2024, Nolato restructured from three business areas to two, creating an ideal opportunity to modernise its legacy CPM system. After evaluating several leading market solutions, Nolato determined that Wolters Kluwer’s CCH Tagetik offered the most comprehensive and modern modular platform. The key challenges considered were:

• Data Preparation and Migration: Ensuring data was thoroughly cleaned and prepared for the new system was a key challenge during the transition.
• Managing Complex Financial Workflows: Coordinating distinct workflows for month-end, quarter-end, and year-end closes required careful planning and alignment to support evolving business needs.
• Reporting and Analysis Needs: There was a growing demand for more flexible, dynamic, and self-service reporting and analysis capabilities to empower
  stakeholders with timely insights.
• Ensuring Data Consistency and Confidence: Maintaining consistency between local and group-level financial data was essential to support reliable reporting and informed decision-making.
• Strengthening Controls and Validation: Enhancing automated controls and validation checks was important to support a robust control environment and ensure the integrity of financial processes.
• Change Management and User Adoption: The move to a new system required effective change management, including user training, support, and adaptation to new processes and interfaces.

Our team partnered with Nolato to execute a seamless migration from their legacy IBM Cognos Controller system to CCH Tagetik. The implementation was designed to create an agile, automated, and centralised financial platform, directly addressing Nolato’s specific
challenges.

• A Centralised Data Hub: We established CCH Tagetik as the new single source of truth for all financial data (actuals, budgets and forecasts) providing Nolato with a unified and reliable view of their global operations.
• Enhanced Transparency and Drill-Through: A foundational component of the solution was the sophisticated mapping from the local charts of accounts to the group chart of accounts. This direct link, combined with powerful drill-through functionality, now allows users to start from the consolidated figures and instantly drill down to the
  original local trial balances.
• Automated Workflow Management: We configured robust workflows tailored to Nolato’s needs for month-end, quarter-end, and year-end closes. This automation ensures consistency, provides clear oversight of all tasks, and significantly reduces
  manual effort.
• Dynamic Reporting: We transitioned Nolato from static PDF reports to dynamic, fast, and effective reporting dashboards, empowering key stakeholders with real-time access to critical financial data.
• Automated Validation Rules: The implementation included configurable, automated validation checks that run after each step in the financial process. These checks can be either blocking or non-blocking, ensuring that data abides by specific rules before
  it can be used for consolidation. This is a crucial step in preventing data errors from propagating through the system.
• Training and Knowledge Transfer: Comprehensive training and knowledge transfer initiatives were delivered to ensure users could confidently manage and maximise the investment in the new solution.

The successful implementation of CCH Tagetik has transformed Nolato's financial operations, delivering a level of efficiency, transparency, and control. The team operates with a single, reliable source of truth, and the new automated workflows have improved the
accuracy and speed of all financial closes.

The ability to seamlessly map local accounts to the group level and drill down into the data has created unparalleled trust and visibility. This has given the finance team the freedom to move away from data verification and focus on value-added analysis and strategic decision-making.