Wolters Kluwer's CCH Tagetik Solution Leads in CPM Technology
Wolters Kluwer's Recognition in CPM Technology
Wolters Kluwer has been lauded for its exceptional solutions in the realm of corporate performance management (CPM). The company's CCH® Tagetik expert solution has been designated as a leader for another year in the Nucleus Research CPM Technology Value Matrix. This recognition reaffirms the commitment of Wolters Kluwer to provide innovative software solutions that meet the needs of today's financial professionals.
Innovative Offerings and Features
The Nucleus Research report highlights the expansive offerings of the CCH Tagetik Intelligent Platform. This platform is designed to assist financial professionals with various aspects of their roles, from financial close processes to regulatory reporting. The new features enhance data processing and analytics capabilities, ensuring that businesses can navigate the complexities of financial management with confidence.
Functionalities Recognized by Nucleus Research
CCH Tagetik's functionalities span a comprehensive portfolio that includes capabilities for financial close, consolidation, and extended planning. This integrated approach allows organizations to seamlessly connect financial and operational workflows. The emphasis on sustainability and corporate tax reporting is also crucial, as businesses increasingly prioritize ESG factors in their operations.
Feedback from Leadership
Karen Abramson, CEO of Wolters Kluwer Corporate Performance & ESG, expressed pride in this achievement. She highlighted the company's dedication to leveraging technology for digital transformation in finance. This commitment not only drives efficiency but also ensures compliance with evolving regulations, paving the way for sustainable growth in an ever-changing landscape.
Noteworthy Product Innovations
Highlights from Nucleus Research Analysis
Among the innovations acknowledged by Nucleus for the year 2025 were significant updates to the CCH Tagetik platform. These innovations include the launch of the CCH® Tagetik Intelligent Platform, which integrates artificial intelligence capabilities that enhance the accuracy and efficiency of financial data processes.
Additionally, features like AI Automapping, anomaly detection, and driver-based analysis were introduced. These capabilities not only facilitate data validation but also streamline the analysis process, thus empowering users to make informed decisions.
Introducing Ask AI
The introduction of Ask AI, a GenAI-powered tool, represents a significant advancement in user interaction with financial data. This tool provides real-time answers to user queries, making it easier for professionals to access information and generate reports independently. This level of accessibility is invaluable for organizations seeking to empower their finance teams.
Commitment to User Experience
The focus on user experience was further emphasized with the deployment of significant UI/UX updates. The customizable homepage and visual dashboards enhance user navigation, while the process hub simplifies complex workflows. These changes are designed to ensure that users can access the insights they need quickly and intuitively.
Global Impact and Corporate Performance Management
Wolters Kluwer Corporate Performance Management operates within the broader Wolters Kluwer Corporate Performance & ESG division, which is known for its leadership in technological solutions across various sectors. By offering integrated software solutions that address environmental, social, and governance (ESG) concerns, the company enables businesses to make strategic decisions that resonate with modern-day challenges.
About Wolters Kluwer
Founded with a commitment to providing critical information for professionals, Wolters Kluwer serves a diverse client base across healthcare, legal, and corporate sectors. The organization reported impressive annual revenues, a testament to its pivotal role in aiding clients in achieving effective operations.
Frequently Asked Questions
What is the CCH Tagetik expert solution?
The CCH Tagetik expert solution is a comprehensive software platform provided by Wolters Kluwer, designed for corporate performance management, including financial reporting, planning, and consolidation.
Why was Wolters Kluwer recognized as a leader?
The recognition as a leader in the Nucleus Research CPM Technology Value Matrix reflects the company's commitment to innovation and the extensive capabilities of its CCH Tagetik platform.
What innovations were highlighted in recent reports?
Innovations include advanced AI features, the introduction of Ask AI for intuitive data queries, and significant enhancements in user experience.
How does CCH Tagetik address compliance?
CCH Tagetik integrates compliance features within its functionality, ensuring that organizations can easily meet regulatory standards while driving digital transformation.
What industries does Wolters Kluwer serve?
Wolters Kluwer provides solutions across various industries, including healthcare, legal, corporate compliance, and financial sectors, enhancing decision-making and strategic planning for professionals worldwide.
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