STAMFORD, Connecticut and LUCCA, Italy, September 12, 2017
STAMFORD, Connecticut and LUCCA, Italy, September 12, 2017 /PRNewswire/ --
CCH Tagetik today announced that it has scored among the three highest in every use case in the recently published report, 2017 Critical Capabilities for Cloud Financial Corporate Performance Management (FCPM) Solutions for its Finance Performance Platform. CCH Tagetik is part of Wolters Kluwer, a global provider of leading software solutions and professional information services.
CCH Tagetik scored among the highest three of eleven vendors evaluated in the midsize organization, mid-size/large organization and Business Unit use cases and highest in large organization and EMEA-Based organization use cases. Gartner's research evaluated vendors across ten weighted critical criteria including medium and complex FCPM process support, Process Analytics, Enterpise Performance, and Global/Local Regulatory Support.
In Gartner's additional report, 2017 Critical Capabilities for Cloud Strategic Corporate Performance Management Solutions, CCH Tagetik scored second highest in the EMEA-based organizations use case.
"We believe this latest Gartner research is consistent with our success providing solutions across broad cross-section of the FCPM market. Our customers range from mid-sized organizations with operations in one or two countries to some of the largest global companies with diverse operations around the world," said, Dave Kasabian, Vice President of Marketing for CCH Tagetik.
A strategic assumption in the 2017 Magic Quadrant for Cloud Financial Corporate Performance Management Solutions predicts that "Through 2020, 80% of large organizations and 25% of midsize organizations in North America and Europe will use cloud financial corporate performance management capabilities for financial consolidation and reporting, and enhanced financial control and automation, to replace legacy on-premises systems and manual processes."
Ian Rhind, President and CEO, Corporate Performance Solutions, Wolters Kluwer Tax & Accounting agrees with Gartner's strategic assumption. "CCH Tagetik's unified Financial Performance Platform[TM] enables organizations to unify financial and operational planning, financial consolidation and management reporting, cost allocation and profitability analysis, and regulatory reporting in a single cloud solution. Today, a vast majority of our new customers, large and small, prefer the cloud while others may not get there until 2020 or later. Since we offer the same platform, our customers can move to the cloud on their terms and on their schedule."
Earlier this year, CCH Tagetik was placed in the visionaries quadrant in Gartner's 2017 Magic Quadrant for Cloud Financial Corporate Performance Management Solutions and Magic Quadrant for Cloud Strategic Corporate Performance Management Solutions (June 2017).
CCH Tagetik understands the complex challenges that face the Office of the CFO and translates that knowledge into intuitive, enterprise-scale CCH® Tagetik performance management software solutions that drive business results. Learn more about CCH Tagetik at http://www.tagetik.com.
About Wolters Kluwer
Wolters Kluwer (AEX: WKL) is a global leader in professional information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. 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 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.
Wolters Kluwer Tax & Accounting is a leading provider of software solutions and local expertise that helps tax, accounting and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. CCH Tagetik a part of the Tax and Accounting division, provide solutions to CFOS for Corporate Performance Management.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
 Gartner, Critical Capabilities for Cloud Financial Corporate Performance Management (FCPM) Solutions by John E. Van Decker, Christopher Iervolino. September 4, 2017.
 Gartner, Critical Capabilities for Cloud Strategic Corporate Performance Management (SCPM) Solutions by Christopher Iervolino, John E. Van Decker. September 4, 2017.
 Gartner, Magic Quadrant for Cloud Financial Corporate Performance Management Solutions by Christopher Iervolino, John E. Van Decker. June 29, 2017.