CCH Tagetik recognized as a Visionary in both Magic Quadrant for Cloud Financial Planning and Analysis Solutions and Magic Quadrant for Cloud Financial Close Solutions
CCH Tagetik, part of Wolters Kluwer Tax & Accounting and a leader in global performance management software solutions, today announced that Gartner, Inc. has positioned CCH Tagetik in the Visionaries quadrant of its 2018 Magic Quadrant for Cloud Financial Close Solutions1. Last week, the company was included in the Visionaries quadrant of its 2018 Magic Quadrant for Cloud Financial Planning and Analysis Solutions2.
The annual Gartner reports evaluate solution vendors on their completeness of vision and ability to execute. Ten vendors were recognized in the Magic Quadrant for Cloud Financial Close Solutions and sixteen vendors were positioned in the Magic Quadrant for Financial Planning and Analysis Solutions.
“We are very proud of our placement as a Visionary in both the Magic Quadrant for Cloud Financial Planning and Analysis Solutions and Magic Quadrant for Cloud Financial Close Solutions,” said Ian Rhind, president and CEO, Corporate Performance Solutions, Wolters Kluwer Tax & Accounting. “Our customers can be confident that Wolters Kluwer remains committed to our vision of providing innovative solutions that address the needs of the Office of Finance today and in the future.”
“By focusing specifically on the needs of the Office of the CFO and delivering solutions that leverage technology in the context of finance, we continually strive to meet the evolving needs of forward-thinking CFOs in our Finance Transformation Platform,” said Manuel Vellutini, executive vice president, Commercial, CCH Tagetik.
The CCH Tagetik Finance Transformation Platform brings together financial and operational planning, financial consolidation and close, management and regulatory reporting, data governance and analytics in a single unified platform. CCH Tagetik customers are able to reduce the complexity, integration and maintenance costs of multiple on-premise solutions and gain built-in visibility, workflow, collaboration and orchestration across all of these processes. And with the recent addition of an Analytical Workspace for planning and profitability analysis, customers can also incorporate and govern the granular and diverse data needed to embrace a more business-centric, data-driven, forward-looking perspective with full control and confidence.
“With cloud-based operations, teams can work more collaboratively which reduces errors, provides greater transparency and leads to faster reporting,” said Marco Pierallini, executive vice president, Product, CCH Tagetik “The cloud is empowering CFOs to modernize their operations by replacing multiple loosely-integrated, on-premise FP&A and/or financial close solutions with our single unified Finance Transformation Platform in the cloud.”
To read the full Gartner 2018 Magic Quadrant for Cloud Financial Planning and Analysis Solutions2 and Gartner 2018 Magic Quadrant for Cloud Financial Close Solutions1 documents click here. To learn more about CCH Tagetik go to www.tagetik.com.
1 Gartner, Magic Quadrant for Cloud Financial Close Solutions by John E. Van Decker, Christopher Iervolino. July 26, 2018.
2 Gartner, Magic Quadrant for Cloud Financial Planning and Analysis Solutions by Christopher Iervolino, John E. Van Decker. July 24, 2018.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Wolters Kluwer
Wolters Kluwer is a global leader in professional information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Wolters Kluwer reported 2017 annual revenues of €4.4 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,000 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).
CCH Tagetik, a part of the Tax and Accounting division, provides solutions to CFOs for corporate performance management.