Budgeting & Planning

Boost your Budgeting & Planning with robust workflow, scenarios, and step-down allocations, so you can react promptly to business challenges. Now more than ever, companies need a clear, real-time picture of their business’s financial situation.

Our Budgeting & Planning solution helps you save time, improve operational efficiency, and elevate performance by consolidating all your data and processes into a single trusted source, with collaboration tools that let you work anywhere without relying on IT.

When a black swan event hits, organizations of any size or industry must continuously update their projections, accounting for actual performance to date and estimating the best path forward. That’s why it’s fundamental to rely on easy-to-use forecasting engines and models that combine actuals and budgets into a new scenario, potentially even multiple times a week.

3 must-have tools in turbulent times

Cash Flow Planning

Cash management is, without a doubt, a must-have that companies need under control to be sustainable in the short and long term. During times of change and turbulence, budgets and plans need to be updated, and cash views need to be analyzed accurately and consistently, to ensure the right decisions are made. This can be extended with AI-based predictive forecasting, which helps project cash positions from historical and real-time data rather than static assumptions alone.

Scenario Modeling

The process of evaluating possible future events, or reacting to past unexpected events, by considering various feasible outcomes. Driver-based simulations can run in real time, and where available, AI-based scenario and driver analysis can help surface which cost and revenue drivers matter most, rather than relying on manual drill-down alone.

Profitability Optimisation

The process of including full revenue and costs, both direct and indirect, in analysis to understand operating margin or profit at a granular level. By relying on allocation capabilities that distribute indirect costs to services, products, or customers accurately, you can understand the real profitability of individual segments and decide which ones to grow or pause.

Key benefits of the software solution

AI Capabilities Available Within CCH Tagetik Budgeting, Planning & Forecasting Software

CCH Tagetik‘s Expert AI, powered by a Finance Brain™ trained on financial and regulatory logic, is designed to work alongside FP&A judgment, not replace it. The capabilities below are available on the platform and can be integrated into your planning process. Which ones apply, and how, depends on your specific environment and licensing, something we’re happy to walk through with you directly.

• AI-Based Predictive Forecasting — turns historical and real-time data into rolling, multidimensional forecasts, and helps identify the cost and revenue drivers behind them.
• Driver-Based Scenario Simulation — real-time what-if analysis and simulations, so plans can be re-run as conditions change instead of waiting for the next cycle.
• Built-In Allocation Engine — automated, rule-based distribution of indirect costs to products, services, or customers for granular profitability analysis.
• Agentic AI for Planning (“Planning Sentinel”) — a newer capability where AI agents continuously analyze, model, and simulate on their own, with every recommendation traceable back to source data and requiring human sign-off before action.
• A growing agent ecosystem — including agents for touchless reconciliation, data interpretation, consistency checking, and variance analysis, each triggered by context-aware Expert AI for the right task.

Technologies

Wolters Kluwer

CCH® Tagetik by Wolters Kluwer has set a benchmark for excellence, being named a Leader in the 2025 Gartner® Magic Quadrant™ for Financial Planning Software for the fifth consecutive year.

More about the reviews and awards