Company: CCH Tagetik, Lucca, Italy
Nomination Submitted by: Wolters Kluwer
Company Description: Wolters Kluwer’s product CCH Tagetik provides connected financial and operational planning with financial close, consolidation, and regulatory reporting processes and supports unlimited dimensionality with an AI-based predictive planning solution with real-time analysis, modeling, and reporting, as well as data-enabled forecasts.
Nomination Category: Product & Service Categories - Business Technology Solutions
Nomination Sub Category: Financial Management Solution
 Nomination Title: CCH Tagetik ESG & Sustainability Performance Management
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the nominated new or new-version product or service, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released:
January 27, 2022
- If you are providing written answers for your submission, you must provide an answer to this second question: Describe the features, functions, and benefits of the nominated product or service (up to 350 words):
Total 346 words used.
Wolters Kluwer is a global leader in professional information, software solutions, and services for the healthcare; finance, tax and accounting; governance, risk and compliance; and legal and regulatory sectors. Our CCH® Tagetik global expert solution enables digital transformation in the office of the CFO providing a strategic and intelligent platform for financial close & consolidation, financial & operational planning, reporting, analytics, and regulatory compliance. With the broadest range of regulatory products created by CCH Tagetik’s experts, we help global enterprises to keep pace with proliferating and increasingly complex regulations through our pre-built but configurable software and an extended platform that leverages embedded financial intelligence.
Today’s finance organization is challenged with an ever-increasing pressure to meet pending ESG reporting directives and address mounting stakeholder expectations. ESG reporting is becoming a red-hot business imperative and there’s a push for a fast evolution of reporting and regulations. Companies must have the agility to adjust. On top of the traditional data challenges, ESG data is divorced from financial results and companies are lacking the ESG insight to drive decisions, improve the bottom line and their sustainability initiatives. This complexity is exposing companies to a growing corporate risk. Negative ratings from agencies or financial institutions can influence attractiveness for investors, brand, reputation, and more.
CCH Tagetik ESG & Sustainability has everything companies need to comply with ESG reporting requirements and achieve long-term sustainable growth. Our intelligent, pre-built and configurable solution streamlines data collection, calculation, and KPI disclosure enabling customers to easily comply with EU Taxonomy, GRI, and any other standard or framework. By combining regulatory expertise with a foundation for ESG data intelligence, disclosures won’t skip a beat as regulations and frameworks evolve.
Beyond compliance, the true power of this solution is that it shows you how ESG initiatives and financial performance converge. By embedding ESG KPIs into financial and operational plans, customers are equipped to improve decision making, identify growth opportunities, and combat risk – credit, climate, reputational, and more. With CCH Tagetik ESG & Sustainability, you’ll be compliant while driving sustainable strategies that improve outcomes and your ESG score.
- If you are providing written answers for your submission, you must provide an answer to this third question: Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):
Total 339 words used.
CCH Tagetik ESG & Sustainability is a regulatory, unique solution that enables finance organizations to comply quickly and transparently. By leveraging intelligent, pre-built processes you'll be able to aggregate and analyze complex enterprise data and automatically generate ESG reports and disclosures. With the EU Taxonomy regulation coming in, many companies must disclose their ESG initiative starting in 2022 and other global regulations will be sure to follow. Our solution saves finance implementation time and provides confidence with consistent, standard results. We empower customers with our market-leading Regulatory Compliance expertise to continuously evolve our solutions and keep pace with regulatory changes. We provide finance organizations with complete confidence their organization is fully and transparently compliant with all social, environmental, and governance filing requirements, now and in the future.
But that’s not all. Our solution enables finance organizations to integrate ESG strategy into all financial processes to understand how ESG data affects financial performance and operational information. Since CCH Tagetik is underpinned by a powerful data engine, you can transform financial, operational, and ESG data into actionable information while seeing how performance intersects. By connecting ESG opportunity and risk KPIs, companies will be empowered with the right insight to drive sustainable growth, manage risk and increase the ESG score. With all data centralized, you can find ESG opportunities in your business model, identify cost savings, and see the quantifiable benefits of your ESG strategy. By projecting ESG performance using integrated forecasts, you’ll be able to mitigate financial risk and improve your ESG rating.
We know that many CCH Tagetik customers and prospects will embrace CCH Tagetik ESG & Sustainability to meet compliance requirements and drive sustainable growth with our strategic, ready-to-start solution. Our platform provides CFOs with the ability to show stakeholders the impact of ESG activities and how they intersect with financial and operational goals by developing comprehensive and nuanced narratives in reports. By supporting decisions with extendable models and in-depth analysis, CCH Tagetik ESG & Sustainability gives finance the insights to support sustainable growth and build a better future.
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 21 words used.
Datasheet: https://assets.contenthub.wolterskluwer.com/api/public/content/cch-tagetik-esg-sustainability-datasheet?v=8439f0d0
Product URL - https://www.wolterskluwer.com/en/solutions/cch-tagetik/esg-sustainability-performance-management
Company URL - https://www.wolterskluwer.com/en/solutions/cch-tagetik
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