STAMFORD, Conn. and LUCCA, Italy, March 29, 2018 /PRNewswire/ --
Report focuses on PM products and solutions in the DACH region; Positioning is based on portfolio capabilities and market execution
CCH Tagetik, part of Wolters Kluwer Tax & Accounting and a leader in global performance management software solutions, today announced that it is ranked as a market leader in financial performance management by BARC, a CXP Company.
A research and consulting firm focused on enterprise software, BARC evaluated 13 vendor portfolios prevalent in the DACH region for the report. Criteria included product capabilities, architecture, sales and marketing strategy, customer feedback, and financial performance. CCH Tagetik is one of only four vendors to be ranked as a market leader.
The report's overall description of CCH Tagetik called out the following strengths:
- Its integrated solution for all aspects of financial planning, including balance sheets, P&L reporting, and liquidity.
- CPM functionality for financial consolidation, risk management, and disclosure management.
- Comprehensive, pre-defined business rules for financial corporate management and selected operational plans.
- Web-based workflow management with transparent status monitoring.
- User-friendly Excel add-in and web-based forms for data entry.
"We are delighted to be recognized as a leading solution for the German speaking market," said Andreas Drescher, managing director, CCH Tagetik DACH. "Over recent years, we've gained significant traction in the D-A-CH market, thanks to the robust functionality of our CPM solution and the success we've had in helping companies meet rigorous new compliance requirements or to optimize their planning- or consolidation processes."
"To be named a market leader is a significant accomplishment," said Dr. Christian Fuchs, head of BARC's Analytics and Data Management Practice. "In today's business environment, PM must provide transparency into all financial processes. It also must go beyond analysis and reporting on the past and anticipate future developments and explore how they may impact an organization's business goals."
To download a copy of the report, "BARC Financial Performance Management DACH", click here.
About Wolters Kluwer
Wolters Kluwer is a global leader in professional information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Wolters Kluwer reported 2017 annual revenues of €4.4 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,000 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).
CCH Tagetik a part of the Tax and Accounting division, provide solutions to CFOS for Corporate Performance Management.
SOURCE CCH Tagetik