Cabot Corporation Future-Proofs Global Consolidation with CCH Tagetik
About Cabot Corporation
Cabot Corporation (NYSE: CBT) is a leading global specialty chemicals and performance materials company headquartered in Boston, Massachusetts, with operations across the Americas, EMEA, and Asia Pacific. As a publicly traded company that has innovated for more than 140 years, Cabot depends on accurate, timely global consolidations to close its books and meet its SEC reporting obligations.
With an end-of-life system stranded on unsupported hardware, Cabot moved global consolidation to the cloud with Delbridge Solutions, eliminating nightly downtime and protecting its SEC reporting.
The Challange: An End-of-Life System on Aging Hardware
Cabot’s global consolidation process relied on a legacy on-premises platform that was approaching end of life. The system was hosted on infrastructure that could no longer be upgraded, and the vendor was winding down support for the product. For a global, publicly traded company, the combination of aging infrastructure and declining vendor support created growing risk around the ability to produce consolidated financial reporting on time and with confidence.
“Our previous consolidation platform was on-premises and approaching end of vendor support, which created risk around our ability to produce timely, accurate consolidated reporting.”
Catherine Hoffman, External Reporting Manager, Cabot Corporation
Delbridge’s Approach
Cabot partnered with Delbridge Solutions to implement CCH Tagetik Consolidation in the cloud, moving away from their legacy platform. The migration removed the dependency on aging on-premises infrastructure and put Cabot on a modern, cloud-hosted platform with regular vendor updates.
The engagement was collaborative, and any challenges that surfaced during the project were resolved before go-live. Cabot came out of the implementation with a modern consolidation environment and an ongoing support relationship that keeps the system improving over time.
Cloud-Hosted Consolidation
CCH Tagetik Consolidation running on a shared cloud server, with regular updates built in.
Modern, Visible Workflow
A consistent, easy-to-learn interface with clear visibility into submission status.
Ongoing Support and Optimization
Continuous Delbridge support to refine templates, reports, and workflow as needs evolve.
“Data submitters prefer the new system. The look and feel are more modern and consistent with other software, making it easier to learn and use. Overall efficiency and job satisfaction have improved.”
Catherine Hoffman, External Reporting Manager, Cabot Corporation
Results
Cabot’s core measure of success for this project is the continued ability to produce timely and accurate financial results, and CCH Tagetik delivers on a faster, more reliable foundation.
How we deliver impact
Implementation & Deployment
1- Phased rollout strategy to accelerate time to value
- Data integration and security setup
Planning & Reporting Enablement
2- Design reporting and analytics frameworks
- Align CCH Tagetik to your operating model
Optimization & Continuous Improvement
3- Process refinement and automation
- Data migrations and governance support
Training & Adoption
3Managed Services
3- Production support as an extension of your team
- Long-term roadmap and feature adoption
Project Details
CCH Tagetik Partner
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