Wolters Kluwer CCH® Tagetik expert solution ranked as Leader by Nucleus Research in 2024 CPM Technology Value Matrix
07 February 2024 - 3:02AM
PRESS RELEASE
Wolters Kluwer CCH® Tagetik expert
solution ranked as Leader by Nucleus Research
in 2024 CPM Technology Value MatrixCCH® Tagetik earns
Leader recognition from Nucleus Research for fourth consecutive
year.
New York – February 6, 2024 – Wolters Kluwer, a
global leader in professional information, software solutions and
services, today announced that its CCH® Tagetik expert
solution has been recognized as a Leader, for the fourth
consecutive year, in the Nucleus Research CPM Technology Value
Matrix. The report specifically recognizes the CCH Tagetik
Corporate Performance Management (CPM) solution, which empowers the
office of the CFO to drive efficiency and enhance decision-making
with comprehensive financial close and consolidation, extended
planning, ESG and regulatory reporting, and corporate tax
solutions.Nucleus Research evaluates CPM vendors each year based on
customer feedback, product demonstrations, and conversations with
users and vendors regarding usability, functionality and value
realized from each product's capabilities.
Ralf Gärtner, Senior Vice President and General Manager
of Corporate Performance & ESG, Wolters Kluwer, said:
“We are honored that the CCH Tagetik expert solution has been
recognized as a market leader by Nucleus Research for the fourth
consecutive year. The results of the 2024 CPM Technology Value
Matrix reflect our continued commitment to innovation and product
excellence. We remain wholly focused on empowering the office of
the CFO to drive digital transformation, plan for uncertainty, and
ensure regulatory compliance for profitable growth.”
Charles Brennan, Research Analyst, Nucleus
Research, said: “Our research demonstrates that businesses
across industries need solutions that provide greater visibility,
agility and flexibility in their processes as market needs evolve.
With continued investments in areas such as ESG and sustainability,
corporate tax solutions and AI, ML and NLP capabilities, the CCH
Tagetik platform is likely to deliver organizations substantial ROI
to businesses, globally.”
For 2024, Nucleus Research highlighted recent CCH
Tagetik product innovations including:
- CCH Tagetik Global Minimum Tax, with new functionality
developed to support multinational companies collect, align,
calculate and report integrated finance and tax data in accordance
with OECD BEPS Pillar Two tax requirements;
- A new ESG-Corporate Sustainability Reporting Directive (CSRD)
functionality developed to support companies in navigating this new
regulation. This includes features designed to automate reporting
and ensure accurate disclosures while equipping companies to
evaluate materiality and impact;
- New, enhanced connectivity with SAP S/HANA through a
bi-directional connector which enables real-time integration; and a
new Microsoft Power BI Connector which enables self-service
reporting and analysis; and
- New intelligent analytics capabilities driven by innovative AI
technologies, including anomaly detection, automapping and
driver-based analysis.
Download the report to review the full Nucleus Research
analysis.
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About Wolters Kluwer Wolters
Kluwer (EURONEXT: WKL) is a global leader in information, software,
and services for professionals in Health, Tax and Accounting,
Financial Corporate Compliance, Legal & Regulatory, and
Corporate Performance & ESG. We help our customers make
critical decisions every day by providing expert solutions that
combine deep domain knowledge with specialized technology and
services.
Wolters Kluwer reported 2022 annual revenues of €5.5 billion.
The group serves customers in over 180 countries, maintains
operations in over 40 countries, and employs approximately 20,900
people worldwide. The company is headquartered in Alphen aan den
Rijn, the Netherlands.
For more information, visit www.wolterskluwer.com, follow
us on LinkedIn, Facebook,
and YouTube. Media
Contact
Sarah WhybrowAssociate Director, External
CommunicationsCorporate Performance & ESGWolters KluwerMobile:
+44 7855 186713sarah.whybrow@wolterskluwer.com
- 2024.02.06 Wolters Kluwer CCH Tagetik expert solution ranked as
Leader by Nucleus Research in 2024 CPM Technology Value Matrix
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