The utility selected the CCH® Tagetik expert solution following a two-year evaluation process based on the solution's ability to fulfil the core planning automation requirements and to leverage SAP HANA. The solution will allow SCE to leverage their SAP ecosystem and offer increased data processing performance. The initial project scope was expanded to include additional solutions for cost allocation, performance, and regulatory reporting using the CCH® Tagetik Collaborative Office.
"We are delighted to be working with a sector leader like SCE, which has seen the benefits of moving beyond traditional finance and manual budgeting, planning, and forecasting. Together we will improve and automate these processes while increasing efficiency, transparency, as well as visibility to executive management," said Alessio Lolli, Vice President and GM CCH for CCH® Tagetik North America at Wolters Kluwer Tax & Accounting.
SCE will leverage the CCH® Tagetik Finance Transformation Platform powered by SAP HANA, Enterprise edition to manage financial processes that include Budgeting & Planning, Collaborative Office, Cost Allocation & Profitability Analysis, Report Bursting, and SmartInsight for advanced reporting and analytics - all supported by around-the-clock customer care.
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 specialized technologies 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).