Successful Completion of the Merkur Project, Cementing CRMT’s Leadership in Financial Planning Solutions

February 12, 2024

In a landmark achievement, CRMT is proud to announce the successful conclusion of the Merkur project, a comprehensive initiative aimed at transforming the financial and commercial planning landscape of MERKUR trade, Ltd., Slovenia’s market leader in home products, DIY materials, electro-installation products, and various industrial items. This project marks a significant milestone in our commitment to delivering cutting-edge financial planning and budgeting solutions, reinforcing our position as a leader in the field.

The partnership between Merkur and CRMT was forged to address the intricate challenges Merkur faced in its commercial and financial planning processes. The primary objective was implementing a cohesive, integrated planning strategy using the CCH Tagetik solution to enhance efficiency, responsiveness, and market adaptability.

Project Highlights and Achievements

  • Integration and Centralization: By deploying the CCH Tagetik platform, we established a unified system for Merkur’s financial and commercial planning, creating a single source of truth for financial data.
  • Efficiency Gains: The implementation led to substantial improvements in Merkur’s operational efficiency, including a reduction in the financial planning cycle from 21 to 14 days, commercial planning cycle from 13 to 8 days, dynamic plan calculation time from 10 hours to 3 hours, and data transfer to the Data Warehouse from 1 day to 2 hours.
  • Empowered Decision-Making: The project enabled Merkur to conduct efficient scenario analysis and what-if planning, providing a robust framework for informed decision-making and future planning.
  • Reduced IT Dependency: By empowering business users with the tools to manage their planning processes, we significantly reduced Merkur’s dependency on IT resources, enhancing operational autonomy and flexibility.

Client Satisfaction and Future Outlook

Merkur’s satisfaction with the project’s outcomes underscores CRMT’s effectiveness in understanding and addressing our clients’ unique needs. This implementation’s success is a testament to the synergy between CRMT’s deep industry knowledge, our long-term partnership with CCH Tagetik, and our dedication to delivering user-friendly, scalable solutions.

“We are thrilled with the results of our collaboration with Merkur and the positive impact of the CCH Tagetik solution on their planning processes,” said Daniel Potočnik, Co-founder and CFO at CRMT. “This project showcases our expertise and commitment to excellence and strengthens our resolve to support our clients in navigating the complexities of today’s business environment. We look forward to fostering this partnership and exploring new avenues for innovation and growth.”

Boris Moškotelec, Head of Controlling at Merkur, enthusiastically highlighted the significant benefits brought by CCH Tagetik, from “efficient change control, synchronised plans, and rapid data transfer” that greatly reduced errors and boosted efficiency. He added, “CCH Tagetik transformed Merkur’s landscape: swift planning, real-time scenario assessment, independent control, and fortified decision support. Concurrent reporting and expedited data provisioning bolstered organisational responsiveness.”

Read the full case study here.

About CRMT

CRMT is a leading provider of financial planning and budgeting software solutions. We are known for our comprehensive approach to improving business efficiency and decision-making capabilities. Our partnership with CCH Tagetik enables us to offer advanced, integrated platforms that support our clients through every stage of their financial planning journey.

Get in touch with our experts!

Wolters Kluwer's CCH® Tagetik Wins Big at Dresner Advisory Services 2023 Technology Innovation Awards

Wolters Kluwer has announced that its CCH® Tagetik expert solution clinched four awards at the 2023 Technology Innovation Awards by Dresner Advisory Services. ...

read more

Exciting News: Wolters Kluwer Recognized as Leader in 2023 Gartner® Magic Quadrant™ for Financial Close and Consolidation Solutions!

Wolters Kluwer Leader in the 2023 Gartner® Magic Quadrant™! We are delighted to share that Wolters Kluwer has earned the esteemed title of Leader in the 2023...

read more

Ready for the next step?

Our team of experts is here to answer your questions and discuss how we can boost your operational efficiency by merging rich tradition with a progressive mindset.