Ajinomoto Group Transforms Performance Management with CCH Tagetik

Ajinomoto Group Implements CCH Tagetik to Revolutionize Performance Management

The Walters Kluwer company has announced that Ajinomoto Group, a global leader in food and amino science, has significantly enhanced its financial planning and enterprise performance management functions by adopting the CCH Tagetik Intelligent Platform. This decision was part of a broader transformation aiming to improve efficiency and effectiveness across its extensive network of over 180 business units in more than 130 countries.

The Challenge

In 2023, Ajinomoto Group decided to completely overhaul its traditional mid-term management plans and refresh its target-setting approach. The company aims to transition from quarterly forecasts to rolling forecasts, enabling real-time tracking of business progress through a robust management system.

To achieve this transformation, Ajinomoto Group sought a Corporate Performance Management (CPM) platform that could elevate its management accounting processes, integrate disparate systems, and unify data across global operations, including non-financial metrics like sales volume and item-specific revenue. The new CPM platform was expected to ease the workload for the finance team, enhance forecast accuracy, and facilitate real-time decision-making.

To address these challenges, Ajinomoto Group adopted the CCH Tagetik Intelligent Platform. Key features that influenced this decision were the flexible expansion and customization of master data, a comprehensive data integration foundation, and adaptability for phased advancements. These attributes aligned perfectly with the company’s needs for information integration within a single system and the adoption of rolling forecasts.

Kumiko Mine, Managing Director of Walters Kluwer CCH Tagetik Japan, stated, "The advanced digital transformation spearheaded by Ajinomoto Group is a strong example of how the CCH Tagetik Intelligent Platform can support higher forecast accuracy, quicker decision-making, and enhanced transparency in large and complex financial operations. We are truly honored to contribute to this initiative."

Achievements After Implementation

With the introduction of CCH Tagetik, Ajinomoto Group has accomplished several significant outcomes:

- Improved Forecast Accuracy: Enhanced disclosure of business profit fluctuation rates for FY2024 has increased investor trust.
- Expansion of Rolling Forecasts: The scope has widened from 29 companies to 36, allowing for centralized management of major global subsidiaries.
- Integration of Diverse Data Across 180+ Units: The company has improved its adaptability to management data requirements, successfully producing four additional key reports annually.
- Efficiency Gains: The streamlining of rolling forecast processes has saved 200 hours annually, enabling the creation of resources for strategic analysis and planning.
- Unified Financial and Non-Financial Data: By including item-specific sales volume, Ajinomoto has achieved a more comprehensive performance monitoring system.

Eiju Mizutani, Executive Officer and Chief Financial Officer at Ajinomoto Co., remarked, "By leveraging the CCH Tagetik management platform, we are enhancing decision-making precision and strengthening synergies across the group. This aligns with the essential role that Financial Planning and Analysis (FP&A) plays in our organization."

Future Plans

Moving forward, Ajinomoto Group plans to broaden the utilization of CCH Tagetik, integrating it with supply chain management (SCM) related data, further centralizing non-financial information, and supporting more agile, data-driven decision-making across the organization.

To learn more about the successful implementation of CCH Tagetik at Ajinomoto Group, please refer to the full success story on their website.

About Walters Kluwer

Walters Kluwer (EURONEXT: WKL) is a global leader in specialized information, software solutions, and services in the fields of healthcare, tax and accounting, governance, risk and compliance, legal and regulatory, and management and ESG. By combining deep expertise with technology and services, Walters Kluwer supports clients in making critical decisions every day.

In 2024, the group reported an annual revenue of €5.9 billion and serves clients in over 180 countries, with operations in more than 40 countries, employing approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, Netherlands.

For more details, visit the official website and social media.