CCH Tagetik, recognised globally for its Corporate Performance Management (CPM) solutions, has taken a quantum leap into financial digitisation with the launch of its AI-powered CCH Tagetik Intelligent Platform. This new platform uses both generative and operational artificial intelligence technology, optimising critical processes such as planning, financial performance analysis and data consolidation.
According to Ralf Gärtner, Senior Vice President and General Manager of Corporate Performance Management Solutions at Wolters Kluwer, this pioneering platform enables CFOs to manage and analyse large volumes of financial data faster and more accurately. ‘Generative artificial intelligence has the potential to accelerate financial close and planning cycles up to fifteen times faster, enabling finance leaders to make more informed strategic decisions in less time,’ said Gärtner.
Advanced capabilities for CFOs
Among the platform’s most notable features is Ask AI, a virtual assistant that allows users to get real-time answers to complex financial questions via text or voice. This generative AI tool not only improves efficiency, but also frees up resources that users can devote to higher-value activities such as detailed analysis and strategic decision-making.
Another innovative feature is Intelligent Analytics, which allows users to create self-service reports and dashboards, making it easy to quickly and efficiently search for key information. In addition, AI-based Anomaly Detection ensures data integrity by automatically identifying unusual patterns or outliers.
The platform also offers tools to improve transparency in reporting, such as Intelligent Disclosure, which consolidates financial and non-financial numbers, including ESG data, into accurate documents linked to up-to-date data essential for regulatory compliance.
Impact on sustainability: The role of Laragon/ALL4
The collaboration between Laragon Sustainability Solutions/ALL4 and CCH Tagetik is particularly relevant in the field of sustainability. The CCH Tagetik platform is designed to help companies comply with ESG regulatory frameworks such as the CRSD, the EU Taxonomy and carbon emissions regulations under the GHG protocol. With specific ESG reporting capabilities, the platform enables the collection and analysis of large volumes of both financial and non-financial data, aligning it with the most stringent regulatory standards.
Through advanced tools such as customisable questionnaires and impact assessment methodologies, companies can prioritise and address sustainability issues affecting their operations, ensuring a holistic approach to ESG planning and compliance. In this way, Laragon/ALL4 and CCH Tagetik provide a solution that not only facilitates data collection and reporting, but also optimises the management of sustainability risks and opportunities.
With this collaboration we reinforce both Laragon/ALL4 and Wolters Kluwer’s commitment to digital transformation in finance, combining the best of artificial intelligence and ESG solutions to create a more efficient and transparent business management environment.
