Implementation of CCH Tagetik: budgeting, reporting and consolidation

The changing business environment demands greater flexibility from operational and financial teams, which complicates decision-making for managers. EPM (Enterprise Performance Management) systems enable effective collaboration, automation, and quick access to data and information describing the company’s operations, thus becoming essential support in managing organizational performance.

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CCH Tagetik is a platform that integrates the work of various business teams

CCH Tagetik, provided by Wolters Kluwer, is an award-winning EPM software that supports the work of financial teams. The system speeds up task execution and increases accuracy through efficient data processing and artificial intelligence support.

The software supports achieving strategic goals and monitoring performance. It focuses on collecting data from all areas of the company’s operations, including financial, sales, HR, production, and other data. The collected data is analyzed to extract information relevant to company management and then transformed into comprehensive reports that can cover the entire organization or its specific parts.

The CCH Tagetik Enterprise Performance Management solution connects financial and operational teams on an intelligent AI-enhanced platform built to automate and streamline processes such as financial consolidation, budgeting, and operational planning, allowing data integration from multiple systems in one place.

We create business solutions based on the functionalities available in CCH Tagetik in the following operational areas:

Budgeting, planning and forecasting
Financial consolidation and close
Analysis and reporting

Dashboards and Business Intelligence
ESG and Tax reporting, e.g., Pillar II
Supply chain planning

CCH Tagetik is an EPM system equipped with convenient features that enhance the efficiency of controlling and planning teams

CCH Tagetik offers an Intelligent Platform and, consequently, a number of facilities based on artificial intelligence, such as Ask AI, which allows you to receive answers to your questions in real time, or Intelligent Disclosure, which enables dynamic integration of financial, non-financial and ESG data along with a narrative for reports.

Business scenarios
Give planners unlimited possibilities to consider “what if” situations.

Artificial intelligence
Supports forecasting by transforming billions of rows of raw data into information, saving the organization time and money.

Workflow
Supports smooth task execution by individual users, engaging the right people at the right stage.

Intelligent Analytics
Automatically generates charts, tables or dashboards that provide a clear picture of performance.

Drill-down
Allows for delving into more detailed data and planning at any level.

Seamless Integration
The CCH Tagetik system has connectors for SAP, Microsoft, and Qlik, and it also integrates with ERP, CRM, SharePoint, and MS Office systems.

Implementation of CCH Tagetik means automation and improved process efficiency

Implementing the CCH Tagetik solution with PwC allows for real-time and accurate control of financial results, automation of controlling processes, and improvement of timeliness, quality, and efficiency of reporting, including in the new area of ESG.

Real-time collaboration between employees from different departments.

Integration, standardization and automation of many processes in one place.

Quick and automatic data updates in financial and non-financial report documents.

How can we help during the implementation of CCH Tagetik?

We offer comprehensive consulting in financial transformation and process optimization, from financial development strategy, through the selection of optimal Enterprise Performance Management (EPM) systems, to implementation and ongoing technology management.

Our established experience in finance and knowledge of market practices in financial reporting and consolidation, combined with project management methods, ensures effective support at every step of the implementation process.

Comprehensive implementation support

Design and planning of implementation, testing, user training

Business support during tool implementation

Data review, process optimization

Post-implementation support

Subscription-based support includes bug fixes and minor functionality enhancements

Why start the implementation of CCH Tagetik with PwC?

PwC specialists developing solutions in CCH Tagetik technology have extensive business experience and knowledge in financial reporting, management accounting, and technology.

Numerous finance and controlling transformation projects give our experts practical knowledge on how to efficiently and effectively implement CCH Tagetik tools.

Collaboration with PwC ensures that the business needs of the organization will be secured.

Business experience

Financial knowledge

Technological competencies

Project experience

Access to experts from various fields