Case Study: KWH Group achieves a transparent, cloud-based consolidation process with Wolters Kluwer CCH Tagetik

KWH Group implemented CCH Tagetik’s software solution for Consolidation

KWH Group, a family-owned manufacturing and logistics company, faced a significant challenge in consolidating its complex financial operations. With 53 reporting units across 20 countries, multiple currencies, and various reporting standards, their outdated legacy systems could no longer provide a single source of truth. They turned to Wolters Kluwer ELM Solutions and implemented its CCH Tagetik software to modernize their consolidation process.

Wolters Kluwer ELM Solutions provided the CCH Tagetik platform to create a unified, cloud-based solution. This implementation delivered a transparent audit trail, automated key processes, and achieved the critical goal of "one version of the truth." The results included a vastly improved and visualized reporting workflow, seamless intercompany matching, and a scalable system that supports the company's global operations, representing a significant technological upgrade from their previous systems.

KWH Group

Eija Savela

Group Controller