Acea Group is one of Italy’s leading multi-utility organizations, managing services across water, energy, environmental, and infrastructure sectors. As reporting requirements and data volumes continued to grow, the company launched a finance transformation initiative aimed at improving operational efficiency, reporting speed, and decision-making capabilities.
Before the transformation, disconnected processes and siloed data sources limited accounting alignment and made it difficult to perform timely analysis. Reporting tools struggled to handle increasing data volumes and analytical detail, while data collection and processing activities required significant manual effort.
To modernize its finance landscape, Acea implemented CCH Tagetik powered by SAP HANA, creating a unified environment for financial close, reporting, consolidation, budgeting, and planning. The solution enabled real-time data integration, faster processing, and greater analytical capabilities across finance operations.
Results and Benefits:
- 40% reduction in the time required to run complex reports
- 25% faster processing of data-entry forms
- Ability to manage 10x more data across finance processes
- Accelerated financial close and real-time reporting
- Improved transparency through integrated data and reporting
- Enhanced budgeting, planning, consolidation, and management reporting
- Faster response times for data loading, analysis, and reporting activities
