Glory Ltd. Adopts the CCH® Tagetik platform as the foundation for the Group's corporate performance management system to centralize data and transform analytic capability
TOKYO, Sept. 21, 2021 /PRNewswire/ -- Wolters Kluwer, a global leader in professional information, software solutions and services, today announced that Glory Ltd. (Glory), global pioneer in the development and manufacture of cash handling machines and systems, headquartered in Japan, has selected CCH® Tagetik corporate performance management (CPM) expert solution to propel their business strategy with faster and better-informed decisions. Expected benefits include the centralization of data from various companies and divisions of the group, plus the visualization of management indicators essential to support the long-term growth of the business.
With more than 11,000 employees, Glory provides cash automation technologies and process engineering services in more than 100 countries worldwide. Through its 2023 Medium-Term Management Plan, over the next few years Glory aims to accelerate business growth through continuous innovation, as well as expand and commercialize new business domains both in Japan and overseas.
To keep up with a rapidly changing business environment, in addition to the implementation of profit & loss, cashflow and balance sheet management indicators, Glory aims to introduce compound annual growth rate (CAGR), which identifies growth potential, and return on invested capital (ROIC), which identifies efficiency. The abundant analysis and reporting functions of CCH® Tagetik enable management by product life cycle, consolidated profit/loss, as well as new business management indicators. Furthermore, instead of the conventional single fiscal year system, Glory will adopt the long-term management strategy encapsulating the past, present, and future, providing strong support for management's investment decisions. Information Services International-Dentsu, Ltd., a consulting service provider based in Japan, will assist Glory during the software implementation phase.
CCH® Tagetik has flexible input, processing, and output functions that can be used separately for aggregated data and detailed data: in addition to managing existing core businesses, there is a need for systems that can quickly adapt based on additional requirements due to organizational changes accompanying business expansion and the development of new business areas. CCH® Tagetik provides the flexibility to gradually upgrade in a phased approach, from non-consolidated to consolidated domestic and overseas subsidiaries, and from accounting and management to production.
About Wolters Kluwer
Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. 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 2020 annual revenues of €4.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,200 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).