Wolters Kluwer enables finance, legal, tax, and healthcare professionals to be more effective and efficient. They provide information, software, and services that deliver vital insights, intelligent tools, and the guidance of subject-matter experts.
Tagetik was initially founded in 1986 as a local consultancy based in Lucca, Italy. The Tagetik brand was launched in 2005 and has since earned a reputation for delivering the most trusted, comprehensive, and scalable Corporate Performance Management solutions available. It was acquired by Wolters Kluwer in 2017 and rebranded as CCH Tagetik.
The CCH Tagetik Finance Transformation Platform, powered by the Analytic Information Hub, is a unified platform that connects finance and operations and streamlines the consolidation & close, planning, reporting & analytics, disclosures and compliance.
In addition to Disclosure Management, Wolters Kluwer’s CCH Tagetik product provides a number of capabilities, including:
CCH Tagetik’s pre-built account reconciliation solution automatically reconciles accounts and provides alerts, templates and ageing views to standardise processes.
CCH Tagetik provides a highly sophisticated consolidation solution that can address multi-entity challenges of global organisations.
CCH Tagetik’s planning solution brings together granular financial and operational data combined with driver-based modelling to deliver sophisticated planning requirements.
CCH Tagetik Lease Accounting software is a pre-configured starter kit that provides a lease accounting hub including data repository, calculation modelling, reporting, disclosures and workflow.
CCH Tagetik IFRS17 is a pre-configured starter kit that provides the functionality to comply with the IFRS17 requirements supporting all measurement models (general measurement, premium allocation and variable fee approach). It is suitable as a standalone tool or as an extension to its unified Finance Transformation Platform for existing CCH Tagetik customers. Read more…
by Wolters Kluwer CCH Tagetik
CCH Tagetik Collaborative Office integrates with Microsoft Office to create financial, statutory, management reports and disclosures including the automation of all checks and balances, while normalising and validating data. It is suitable as a standalone tool or as an extension to its unified Finance Transformation Platform for existing CCH Tagetik customers.
It allows users to combine financial or statistical information directly from CCH Tagetik’s unified platform or any external excel data source with narrative and visuals in an intuitive and collaborative way.
Documents are organised in the document management pane, separated by application and template. Documents are split into multiple sections, allowing contributors from different departments to collaborate on the document concurrently.
User rights are automatically inherited from CCH Tagetik’s CPM, additionally users can be restricted to specific sections, ensuring data governance and control.
Individual sections can be submitted, and locked. Completion statuses can be monitored with indicators highlighting if individual sections have yet to be started, are in progress, or have been completed.
Snapshot functionality allows users to create a copy of a document at any time, which can later be restored, or used as a comparison for future versions to monitor changes.
Users can adjust imported numbers directly on the report. When refreshing the numbers, they can preserve the manual overwrites or accept the updated values from the data source. It is also possible to drill down into an object’s source, which will open the relevant Excel report allowing further analysis.
In addition to native MS Word track changes, CCH Tagetik’s audit trail and audit log monitors all user activity, which includes a manual adjustment report providing full visibility into when numbers are changed and by whom.
Validation rules can be defined to ensure accuracy and consistency across the document. The diagnostic rules report provides details on how many validations rules have passed successfully and the details of all of those which have failed.
Roll-forward functionality simplifies the setup of future year reports and will ensure consistent reporting with the previous year by carrying over all relevant manual adjustments.
Don’t forget to read our Disclosure Management Buyer’s Guide.
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