Business Wire

Wolters Kluwer redefines Corporate Performance Management with announcement of AI-powered CCH Tagetik Intelligent Platform

Share

Wolters Kluwer, a global leader in information, software, and services for professionals, today announced its AI-powered CCH Tagetik Intelligent Platform, which has been designed to digitally transform the efficiency, accuracy, and strategic ability of the Office of the CFO.

Ralf Gärtner, Senior Vice President & General Manager, Corporate Performance Management (CPM) Solutions at Wolters Kluwer, said: “We are the first to bring to market an intelligent, AI-empowered platform that enhances an entire suite of CPM solutions. We know that GenAI has the potential to enable finance leaders to deliver financial close and planning cycles fifteen times faster than at present1 and we are harnessing that power for our clients. CCH Tagetik Intelligent Platform’s new, state-of-the-art AI functionality empowers CFOs to unlock the answers they need from their data in a fraction of the time to make better informed, faster, strategic decisions.”

The state-of-the-art AI functionality in the CCH Tagetik Intelligent Platform empowers finance professionals todemocratize access to meaningful financial data, manage and control massive datasets with unprecedented speed and automation, unlock hidden insights, and improve and expedite decision making. The platform’s new AI-enabled capabilities include:

  • Ask AI, the new “GenAI ally” from CCH Tagetik, is a central focus of this week’s CCH Tagetik inTouch Global User Conference. This innovative functionality, integrated into the CCH Tagetik Intelligent Platform, enables users to receive real-time, visual responses to text- and voice-based natural language queries. Wolters Kluwer estimates that, like other generative AI solutions, Ask AI will drive efficiencies enabling users to spend ten times more resource on value-adding activities including analytics, decision support and innovation2.
  • Intelligent Analytics enables self-service reporting, analytics, dashboarding and visualization. The engine allows users to access data in a new way – rapidly searching through organized information sets to quickly uncover accurate answers to everyday business questions.
  • AI Automapping accelerates data collection and ensures data governance,while new AI Anomaly Detection ensures data integrity by automatically identifying outliers and flagging unusual or abnormal data patterns.
  • Intelligent Disclosuredynamically integrates financial, non-financial, and ESG consolidated numbers with narratives into data-linked reports. This assures finance and business teams that any document, including annual filings, board books, and management presentations, is always accurate.
  • AI Driver-Based Analysis helps users analyze large swaths of data more quickly to identify key business drivers and exponential growth areas.

These new AI capabilities build on existing AI features of CCH Tagetik, like Predictive Intelligence and Transaction Matching, which already empower users to create explainable, insight-driven predictive forecasts, accelerate data reconciliation and improve decision making.

Together, these first-to-market AI innovations reinforce Wolters Kluwer’s commitment to investing in AI to serve and drive the continued digital transformation of the Office of the CFO.

For more information on the latest in AI, please visit the Wolters Kluwer AI Center.

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

Wolters Kluwer reported 2023 annual revenues of €5.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,400 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Facebook, YouTube and Instagram.

1How to elevate finance value through Generative AI (kpmg.com)

2How to elevate finance value through Generative AI (kpmg.com)

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Media Contact
Sarah Whybrow
Associate Director, External Communications
Corporate Performance & ESG
Wolters Kluwer
Mob: +44 7855 186713
sarah.whybrow@wolterskluwer.com

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Grid Dynamics Achieves the Amazon Web Services Machine Learning Competency20.5.2024 22:05:00 CEST | Press release

Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) (Grid Dynamics), a leading provider of technology consulting, platform and product engineering, AI, and advanced analytics services, today proudly announced it has achieved the prestigious Amazon Web Services (AWS) Machine Learning Competency. This newest designation validates Grid Dynamics’ expertise in leveraging AWS technologies to drive innovation in data science and the commitment to deliver cutting-edge solutions for customers. Attaining the AWS Machine Learning Competency underscores Grid Dynamics’ expertise in machine learning on AWS, assuring customers of the company's capability to accelerate the seamless delivery of superior solutions that maximize AWS services. From predictive maintenance solutions for manufacturing companies to personalized recommendation systems for e-commerce platforms, Grid Dynamics empowers businesses to unlock valuable insights from their data and enhance decision-making processes. Grid Dynamics has proven e

Carestream Introduces Image Suite MR 10 Software to Enhance Imaging Experience for CR and DR Imaging Systems20.5.2024 21:50:00 CEST | Press release

Carestream launches its Image Suite MR 10 Software to help deliver a boost to productivity and efficiency while enabling a more user-friendly imaging experience for radiographers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240520143395/en/ (Photo: Business Wire) Carestream’s Image Suite Software helps optimize imaging performance for both Computed Radiography (CR) and Digital Radiography (DR) imaging systems, with a user-friendly interface, specialized measurement tools, and an optional Mini-PACS module. “Our Image Suite Software is purpose-built to deliver the benefits radiographers need to focus on what matters most—their patients,” said Praveen Rajgopal, Global Product Marketing Manager. “Image Suite MR 10 helps push the envelope further for even more focus on patient care.” New features to help deliver improved productivity and efficiency include: Focus HD Detector Support1—These support features help boost efficienc

DentalMonitoring Sets New Standard In Orthodontic Remote Monitoring With De Novo Approval By the U.S. Food and Drug Administration (FDA).20.5.2024 21:16:00 CEST | Press release

DentalMonitoring®, the leader in AI-powered remote monitoring for orthodontic treatment, has received De Novo approval from the U.S. Food and Drug Administration (FDA) for the DentalMonitoring solution to be used by orthodontists in optimizing clinical care. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240520240852/en/ DentalMonitoring Sets New Standard in Orthodontic Remote Monitoring with De Novo Approval by the U.S. Food and Drug Administration (FDA) (Graphic: Business Wire) DentalMonitoring is a medical device software using image processing algorithms to analyze pictures of the oral cavity (hereinafter Scans). Scans are taken using the DM App, a smartphone, and the manufacturer’s proprietary hardware products. DentalMonitoring is indicated for use for patients over the age of 6 and reports results solely on permanent teeth. The product is designed to assist healthcare professionals in remotely monitoring dental treatm

Ohmium Selected to Provide 10MW PEM Electrolyzers for First Green Hydrogen Project in Croatia20.5.2024 21:04:00 CEST | Press release

Ohmium International (“Ohmium”), a leading green hydrogen company that designs, manufactures, and deploys advanced Proton Exchange Membrane (PEM) electrolyzers, is pleased to announce that it was selected to equip the first green hydrogen project in Croatia. Ohmium was selected to serve as the PEM electrolyzer supplier for IVICOM, a leading Croatian engineering and construction company, on a project to build a 10MW green hydrogen plant at the INA Rijeka Refinery. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240520820657/en/ INA Rijeka Refinery in Kostrena, Croatia (Photo: Business Wire) The project will pair Ohmium’s PEM electrolyzers with a new solar power plant to produce green hydrogen to help decarbonize INA’s Rijeka Refinery and supply sustainable fuel for Croatia’s growing transportation market. The green hydrogen project and affiliated solar plant are supported by the Croatian government’s Recovery and Resilience Fa

Lenovo Supercharges Next Gen Copilot+ PCs with Latest Yoga Slim 7x and ThinkPad T14s Gen 620.5.2024 20:20:00 CEST | Press release

Today, Lenovo™ launched the Lenovo Yoga™ Slim 7x and Lenovo ThinkPad™ T14s Gen 6, its first next generation Copilot+ PCs powered by Snapdragon® X Elite. As the PC industry enters a new phase of the artificial intelligence era, Lenovo is poised to offer new levels of personalization in personal computing across its PC portfolio. Intelligent software-powered local processing of tasks, and increased productivity, creativity, and security, these Copilot+ PC’s combine to deliver a whole new experience in PC interaction. Lenovo is expanding its already comprehensive portfolio of AI-ready devices, software, and optimized services with two new laptops for consumers and business users—the Lenovo Yoga Slim 7x and the Lenovo ThinkPad T14s Gen 6. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240520017996/en/ Lenovo ThinkPad T14s Gen 6 (Photo: Business Wire) Powered by Qualcomm Technologies’ new Snapdragon X Elite processor featuring th

HiddenA line styled icon from Orion Icon Library.Eye