Wolters Kluwer Crowns Champion of Data Analytics Excellence

In an era where data-driven decision-making has become the lifeblood of businesses, the ability to harness and analyze data effectively is a critical competitive advantage. Wolters Kluwer, a global leader in professional information, software solutions, and services, recently recognized an exceptional player in the corporate performance management (CPM) sector for its outstanding achievements in data analytics. The winner of the 2024 Excellence in Data Analytics Award, CCH Tagetik, was commended for its innovative use of data analytics to drive business performance and transformation.

CCH Tagetik, a leading provider of CPM software, has demonstrated an unparalleled commitment to product excellence and innovation. Through its AI-powered CCH Tagetik Intelligent Platform, the company empowers finance leaders with predictive planning solutions, AI-based driver analysis, and strategic, financial, and operational planning capabilities. This comprehensive approach enables businesses to gain meaningful insights, optimize processes, and make data-driven decisions, ultimately enhancing operational efficiency and revenue growth.

One of the key aspects that set CCH Tagetik apart is its ability to address the increasing complexity of financial planning and analysis. The growing volume of data and the need for real-time insights make it challenging for finance teams to manage and control massive datasets effectively. CCH Tagetik's AI-powered platform democratizes access to meaningful financial data, allowing businesses to manage and control large datasets with unprecedented speed and automation, unlock hidden insights, and improve decision-making.



Another critical factor in CCH Tagetik's success is its ability to integrate financial planning with other operational areas. The CCH Tagetik Intelligent Platform provides an enterprise-wide planning solution that incorporates supply chain and workforce planning. This integration enables a more holistic approach to planning and improved coordination between different functional areas, leading to enhanced agility, accuracy, and transparency in financial planning.



The winner's data analytics approach has significantly influenced the adoption of similar strategies within the CPM industry. By demonstrating the strategic value of advanced data analytics, CCH Tagetik has encouraged other industry players to invest in similar technologies and expertise, fostering a culture of data-driven decision-making and enhanced performance. This shift in approach has led to improved planning agility, accuracy, and transparency, ultimately driving transformation, performance, and risk management for a more sustainable and resilient business environment.

As the competition for data analytics excellence continues to grow, Wolters Kluwer's 2024 Excellence in Data Analytics Award serves as a reminder of the transformative power of data-driven insights. By recognizing CCH Tagetik's outstanding achievements, Wolters Kluwer encourages businesses to embrace the potential of data analytics and invest in innovative solutions that drive long-term growth and sustainability.

In conclusion, CCH Tagetik's data analytics strategy has helped address key industry trends and challenges, such as financial planning complexity and the need for better integration between financial planning and operational areas. By leveraging advanced technologies and innovative solutions, CCH Tagetik enables finance teams to access advanced analytics, cascading allocations, and workflow integration with third-party source systems, supporting high volumes of users and complex needs. This commitment to product excellence and innovation has earned CCH Tagetik the 2024 Excellence in Data Analytics Award from Wolters Kluwer, solidifying its position as a leader in the CPM sector.