CCH Tagetik cuts FP&A reporting time in half

Wolters Kluwer is a corporate performance management (CPM) solutions specialist offering customers Financial Consolidation & Close (FCC) and Financial Planning & Analysis (FP&A) capabilities. CCH Tagetik, the vendor’s flagship CPM platform, centralizes operational, financial, and sales data into a single-version-of-the-truth. Nucleus interviewed CCH Tagetik customers and found significant efficiency improvements among FCC and FP&A tasks. CCH Tagetik users, interviewed by Nucleus, reported 50 percent reduction in reporting times, a 50 percent decrease in IT maintenance costs, and $500,000 of annual operational cost savings. As every organization has a unique FP&A strategy, CCH Tagetik is well-positioned with its personalized interface, comprehensive analytical, and collaborative tools.