TechValidate Research on Certent, Inc. CDM

13 Case Studies


Certent Case Study

CDM boosts productivity at Absa Group Limited

Introduction

This case study of Absa Group Limited is based on a June 2020 survey of Certent customers by TechValidate, a 3rd-party research service.

I love CDM.

Challenges

Meeting compliance obligations requirements efficiently and cost-effectively was a business challenge this customer wanted to overcome. They also wanted to improve upload performance and narrative reporting capabilities.

Use Case

Excel spreadsheets and Hyperion Financial Management are primary data feeds for this customer’s Certent CDM implementation, so reporting that is integrated with Microsoft Office was a key requirement.

Results

Excel spreadsheets and Hyperion Financial Management are primary data feeds for this customer’s Certent CDM implementation, so reporting that is integrated with Microsoft Office was a key requirement.

Certent Case Study

On-time filings and excellent ROI for Henry Schein, Inc.

Introduction

This case study of Henry Schein, Inc. is based on a June 2020 survey of Certent customers by TechValidate, a 3rd-party research service.

Very good customer service.

Challenges

Meeting filing deadlines and compliance requirements were challenges for Henry Schein, Inc. They wanted to improve upload performance and narrative reporting capabilities while reducing costs and inefficiency.

Use Case

Excel spreadsheets and Hyperion Financial Management are the primary data feeds for this customer’s Certent CDM implementation, so reporting that is integrated with Microsoft Office was a key requirement.

  • Said the following data sources feed into their Certent CDM instance:
    • Excel
    • Hyperion Financial Management

Results

This company reports excellent ROI and improved staff productivity from Certent CDM. After evaluating options including Workiva and SAP, they find that Certent offers best-in-class customer service, value, and XBRL.

Certent Case Study

FirstRand overcomes XBRL challenges with Certent CDM

Introduction

This case study of FirstRand Limited is based on a June 2020 survey of Certent customers by TechValidate, a 3rd-party research service.

Certent makes the disclosure part of life far much easier.

Challenges

FirstRand needed an efficient and cost-effective way to implement the CIPC mandate and submit its financials in XBRL format; Certent CDM has provided the solution.

Use Case

FirstRand needed an efficient and cost-effective way to implement the CIPC mandate and submit its financials in XBRL format; Certent CDM has provided the solution.

Results

This customer reports best-in-class customer service and excellent ROI from Certent CDM. It sees the platform as significantly better than alternatives in terms of XBRL services, value, ease of use, and breadth of capabilities.

Certent Case Study

After seeing excellent ROI, GraceKennedy Ltd expands its use of Certent CDM

Introduction

This case study of GraceKennedy Ltd is based on a June 2020 survey of Certent customers by TechValidate, a 3rd-party research service.

Certent CDM is user-friendly, and we continue to expand its use, starting with the annual audit and quarterly stock exchange filings and now for monthly internal board reporting. The Certent team is very responsive to queries and requests, and the software works well.

Challenges

Certent CDM is user-friendly, and we continue to expand its use, starting with the annual audit and quarterly stock exchange filings and now for monthly internal board reporting. The Centent team is very responsive to queries and requests, and the software works well.

Use Case

Excel spreadsheets and IBM Cognos Controller are the primary data sources for this company’s Certent CDM system.

Results

This customer estimates that Certent CDM improved staff productivity by between 21% and 30% and reports excellent ROI. After looking at options such as SAP and Tagetik, they chose Certent CDM and now rate it best-in-class for value, customer support, and ease of use.

Certent Case Study

Certent CDM boosts staff productivity by 30%+ at Bimini Capital Management

Introduction

This case study of Bimini Capital Management, Inc. is based on a June 2020 survey of Certent customers by TechValidate, a 3rd-party research service.

Testimonials Certent CDM’s reporting application provides an easy way to pull together information from diverse sources to create an effective presentation. In addition, the Certent team is always available when any technical issues arise.

Challenges

Seeking efficiency, cost control, upload performance, and narrative reporting features, Bimini Capital began using Certent CDM when XBRL reporting requirements became effective for the company. They found that Certent provided an easy way to meet those requirements and streamline reporting process.

Use Case

Data feeding this company’s Certent CDM system comes primarily from Excel spreadsheets.

Results

Data feeding this company’s Certent CDM system comes primarily from Excel spreadsheets.

Certent Case Study

“Great product, easy to use”— Fiera gets best-in-class results from Certent CDM

Introduction

This case study of Fiera Investments LP (fka Natixis Investment Managers) is based on a June 2020 survey of Certent customers by TechValidate, a 3rd-party research service.

The Certent support team is great, and the CDM UI is easy to use.

Challenges

Fiera Investments wanted to improve its financial reporting efficiency, cost, and narrative reporting capabilities and needed a platform to build reports with full control.

Use Case

Fiera Investments wanted to improve its financial reporting efficiency, cost, and narrative reporting capabilities and needed a platform to build reports with full control.

Results

This customer reports excellent ROI from Certent CDM as well as best-in-class support, XBRL services, value, breadth of capabilities and ease of use compared to alternatives such as large financial printers. It estimates that staff productivity is up more than 20% since deploying Certent CDM.

Certent Case Study

Absa Group gets best-in-class value for its financial reporting needs from Certent CDM

Introduction

This case study of Absa Group Limited is based on a June 2020 survey of Certent customers by TechValidate, a 3rd-party research service.

Certent CDM is a really nice tool for financial reporting.

Challenges

Absa Group implemented Certent CDM to help meet its compliance obligations and provide narrative reporting capabilities.

Use Case

Data from Excel spreadsheets, Hyperion Financial Management tools. and its general ledger feed this company’s Certent CDM platform.

Results

This customer reports excellent ROI from Certent CDM as well as best-in-class value for the price, XBRL services, and customer support. It also rates Certent significantly better than alternatives for ease of use and breadth of capabilities.

Certent Case Study

CVC Holding Corp is expanding use of Certent CDM

Introduction

This case study of CVC Holding Corp is based on a December 2019 survey of Certent customers by TechValidate, a 3rd-party research service.

“Excellent product.”

Challenges

CVC Holding Corp. was looking to implement narrative reporting capabilities that would improve staff efficiency and reduce reporting costs.

Use Case

The company deployed Certent CDM for internal reporting and plans to expand to other areas such as presentations and board books. Its Certent CDM implementation is fed by its ERP system, its general ledger, and OLAP Cube.

Results

CVC saw payback from its implementation in less than 12 months and reports excellent ROI. Certent CDM has improved the company’s staff productivity by 10%-20%, and it rates Certent significantly better than other vendors it has evaluated or used in terms of performance, value, breadth of capabilities, and ease of use.

Certent Case Study

Certent CDM delivers a positive customer experience for Banco Finantia SA

Introduction

This case study of BANCO FINANTIA SA is based on a December 2019 survey of Certent customers by TechValidate, a 3rd-party research service.

“We use Certent CDM to make most of our regulatory reporting and rank them highly for their strong XBRL knowledge and good customer experience.”

Challenges

Banco Finantia deployed Certent CDM to help the bank improve efficiency, lower costs, and meet its compliance obligations. As an international banking institution, it needed a solution that would support XBRL requirements.

Use Case

The bank uses Certent CDM for regulatory reporting fed by Excel spreadsheets, its financial consolidation system, and OLAP Cube.

Results

Banco Finantia reports excellent ROI from Certent CDM. In comparison to other platforms it has used or evaluated, including SAP, the bank believes Certent delivers significantly better value, performance, and breadth of capabilities.

Certent Case Study

Helaba Landesbank reports best-in-class customer service with Certent CDM

Introduction

This case study of Helaba Landesbank is based on a December 2019 survey of Certent customers by TechValidate, a 3rd-party research service.

“Good support!”

Challenges

Helaba Landesbank specifically needed a reporting tool that would integrate well with Microsoft Office.

Use Case

The bank has been using CDM to create risk reports for years, with data fed primarily from Excel spreadsheets.

Results

Helaba reports both excellent ROI and customer service from Certent CDM. Compared to other vendors the bank has evaluated or used, Certent CDM delivers significantly better performance and value, ease of use, and breadth of capabilities. Most important, this customer ranks Certent CDM best in class when it comes to responsive customer service.

Certent Case Study

Vastgoed Syndicering Nederland N.V. simplifies reporting with Certent CDM

Introduction

This case study of Vastgoed Syndicering Nederland N.V. is based on a December 2019 survey of Certent customers by TechValidate, a 3rd-party research service.

“With Certent CDM, we improve our reporting every year. And there’s always more to add.”

Challenges

Vastgoed Syndicering wanted to improve the efficiency and cost-effectiveness of its reporting by enabling greater standardization.

Use Case

With Certent CDM, the company is able to standardize universal content across the 50 companies for which it generates reports while easily customizing company-specific data fed from Excel spreadsheets.

Results

Greater standardization has enabled the company to produce more professional reporting documents, and the company feels Certent CDM is significantly easier to use than other products it has evaluated or used in the past. Vastgoed Syndicering reports a very good experience with the Certent help desk team.

Certent Case Study

S P Setia Berhad achieves excellent ROI with Certent CDM

Introduction

This case study of S P SETIA BERHAD is based on a December 2019 survey of Certent customers by TechValidate, a 3rd-party research service.

“This tool seamlessly connects to Cognos Controller and Cognos Performance Analytics tools for report generation instantly.”

Challenges

S P Setia Berhad was looking for a solution to help it comply with regulatory obligations while improving efficiency and lowering costs. The company was also interested in implementing narrative reporting capabilities and wanted a tool that would integrate with Microsoft Office.

Use Case

The company selected Certent CDM for statutory and management financial reporting. Its data sources include Excel spreadsheets, the company’s financial consolidation system, a CPM solution, and OLAP Cube.

Results

S P Setia Berhad reports excellent ROI from its Certent CDM implementation, including staff productivity improvements of between 20%-30%.

Certent Case Study

Imerys boosts efficiency with Certent CDM

Introduction

This case study of Imerys is based on a January 2020 survey of Certent customers by TechValidate, a 3rd-party research service.

“We use Certent CDM to produce the consolidated financial statements chapter of the Group, the statutory financial statements chapter for the Holding Company, and the report to shareholders.

“Certent CDM was implemented with the support of an external consultant (Synvance) and to a lesser extent with in-house contributions, which did not encounter any major difficulty."

Challenges

Among the business challenges that led Imerys to evaluate and ultimately select Certent CDM, priorities were meeting compliance regulations, improving efficiency and reducing costs.

Use Case

Data sources that feed into Imerys’ instance of Certent CDM include Excel spreadsheets and a financial consolidation system.

Results

Imerys reported the following results after implementing Certent CDM:

- Excellent ROI
- Payback in less than 18 months
- 10-20% higher staff productivity

Compared to the other vendors it evaluated (Workiva, SAP and Tagetik), Imerys reports that Certent CDM provides superior ease of use, better value for the money and higher overall performance.




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