Prezentacija Daniela Potočnika (TAGETIK) na 4. ICV Srbija kongresu controllera

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Triglav Group case study
From building blocks to a unified performance
management solution
Daniel Potočnik, Tagetik Adriatic
Tagetik Conference September 19-20, 2013

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Agenda
Company and group overview
The approach
Key pain points
Project overview and scope
Project implementation
Outcome & benefits
Lessons learned
Summary
Q&A

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Company Overview
1
#1 Insurance group in Adriatic region

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Company Overview
The Triglav Group is the leading insurance-financial
group in Slovenia and one of the leading groups in
South-East Europe, where it is gaining ground and
expanding its operations.
It is present in eight markets and seven countries and
employs over 5,470 people. The Group builds its
reputation on knowledge, experience, trust and
excellent attitude towards its clients, employees,
shareholders and other stakeholders.
The business of the Group is based on four pillars:
• Insurance
• asset management
• Banking
• activities supporting the three core financial pillars

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Company Overview

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Company Overview – interesting for Tagetik
40 subsidiaries
10 asociated companies
Multiple reporting standards
Reporting to regulator (ATVP & AZN)
Statistical reporting, Captial
Requirements...

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Key Pain Points
2
Where we started off with Tagetik

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Key pain points – multiple processes
Consolidation process outdated
Reduced reporting time windows
Increasing reporting requirements
Excel based solution – managability & stability
Complex and tough to manage collection process
Projects derived from consolidation, operational planning & controlling

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Project Overview and Scope
3
From building blocks to a unified solution

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Project Overview and Scope
8 projects + many “mini” applications
Consolidation (2010)
Operational planning (premiums) (2011)
Group controlling (2012)
Operational planning (costs) (2012)
Triglav Osiguranje – Croatia roll-out (2012)
Financial investments reconcilliation (2012)
Solvency II (Pillar II & Pillar III) – in progress (2013/2014)
CDM – in progress (2013/2014)

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Project Overview and Scope - Consolidation
Quarterly consolidation
Notes to accounts
Eliminations

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Project Overview and Scope – Group controlling –
Operational planning
Monthly: Actuals + Forecast (cons.) + Plan (cons.) + Strat Plan (cons.)
Eliminations

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Unified CPM solution
Common controlling reporting for subsidiaries
Rolling forecast
Full analytics on financial statements
Audit support
Valuation of investments
Local GAAP support

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Roll-out scenario out of the box
All group companies take
full advantage of common
applications (controlling,
solvency, consolidation)
Operational processes can
be easily adopted to local
requirements

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Project Implementation
4

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Tagetik application screenshots - consolidation

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Tagetik application screenshots - controlling

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Tagetik application screenshots - finance

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Outcome and Benefits
5

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Outcome and Benefits
Shorter preparation cycles
Manageable and traceable data collection process
Full audit trail
Automatization (example curency conversions)
IC Matching -> process pushed down to subsidiaries
Drill down and analytics

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Lessons Learned and
Recommendations
6

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Lessons Learned and Recommendations
Management support
Dedicated team

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Next Steps
7
In the middle of two projects 

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Next Steps
Sucesfull completion of current
work in progress (Sovency II &
CDM)
Ideas for the future

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Summary
8

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Summary
Triglav Group is #1 insurance company in Adriatic region
8+ projects on Tagetik
Focus on individual areas  benefits on group level
Benefits on all areas of finance & controlling
Current focus is Solvency II and CDM
New ideas will come naturally 

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Questions & Answers
9