Wolters Kluwer ELM Solutions
135 Case Studies
A Wolters Kluwer ELM Solutions Case Study
CCH Tagetik, the corporate performance management (CPM) software business of Wolters Kluwer, was addressing a widespread challenge faced by finance departments: the struggle with fragmented systems and growing data volumes. This often forced a heavy reliance on spreadsheets, making it difficult for leadership to get a holistic view of business performance. Wolters Kluwer sought to enhance its CCH Tagetik solution with powerful Big Data and analytics capabilities to better serve its nearly 1,000 customers.
The solution implemented by Wolters Kluwer involved integrating the CCH Tagetik software with the SAP HANA business data platform. This partnership provided a unified architecture that merged transaction and analytical processing, eliminating latency and significantly boosting performance. The results for customers were substantial, including a threefold increase in system performance, a 70% reduction in planning cycles, a 50% faster close process, and up to a 30% reduction in integration costs, ultimately revolutionizing their corporate performance management.
Bani Brandolini
Vice President of Strategic Partners