Wolters Kluwer’s Launches AI-powered CCH® Tagetik Intelligent Platform

May 31, 2024

CRMT, a long-standing partner of Wolters Kluwer, is pleased to share the news about the launch of the AI-powered CCH® Tagetik Intelligent Platform. Wolters Kluwer, a global leader in information, software, and services for professionals, has introduced this platform to revolutionize Corporate Performance Management (CPM).

The platform leverages the latest generative and objective AI technologies to enhance the efficiency, accuracy, and strategic capabilities of the Office of the CFO.

AI-powered CCH® Tagetik Intelligent Platform

According to Ralf Gärtner, Senior Vice President & General Manager of CPM Solutions at Wolters Kluwer, the company is the first to market with an intelligent, AI-powered platform that enhances a full suite of CPM solutions. Gärtner noted that GenAI has the potential to enable finance leaders to complete financial close and planning cycles up to fifteen times faster than current methods. The new AI functionality in the CCH® Tagetik Intelligent Platform allows CFOs to access critical data swiftly, facilitating faster and more informed strategic decisions.

Key features of the CCH® Tagetik Intelligent Platform include:

  • Ask AI: This new “GenAI ally” provides real-time, visual responses to text- and voice-based natural language queries. Wolters Kluwer estimates that Ask AI will enable users to spend ten times more resources on value-adding activities like analytics, decision support, and innovation.
  • Intelligent Analytics: Enables self-service reporting, analytics, dashboarding, and visualization. Users can rapidly search organized information sets to uncover accurate answers to business questions.
  • AI Automapping: Accelerates data collection and ensures data governance. AI Anomaly Detection maintains data integrity by identifying outliers and flagging unusual data patterns.
  • Intelligent Disclosure: Integrates financial, non-financial, and ESG consolidated numbers with narratives into data-linked reports, ensuring accuracy in documents such as annual filings, board books, and management presentations.
  • AI Driver-Based Analysis: Analyzes large datasets quickly to identify key business drivers and growth areas.

These AI capabilities build on existing features of CCH® Tagetik, such as Predictive Intelligence and Transaction Matching, which help users create predictive forecasts, accelerate data reconciliation, and improve decision-making.

These AI innovations reinforce Wolters Kluwer’s commitment to driving the digital transformation of the Office of the CFO.

Contact us for more information on the latest in CCH® Tagetik.

Ready for the next step?

Our team of experts is here to answer your questions and discuss how we can boost your operational efficiency by merging rich tradition with a progressive mindset.