Reinforcing its objective to offer the market the best digital solutions for ESG management processes, Laragon Sustainability Solutions has signed a collaboration agreement with CCH Tagetik, part of Wolters Kluwer, a world leader in the provision of professional information, software solutions and services, for the distribution and implementation of its solutions in the Spanish market.
CCH Tagetik offers a Corporate Performance Management (CPM) platform that enables organisations to optimise their processes of closing, consolidating, planning and analysing their financial results, as well as combining operational and financial data on a unified platform. In this way, CCH Tagetik facilitates the digitisation of integrated financial and non-financial reporting processes critical for compliance with new ESG regulatory frameworks such as CRSD, EU Taxonomy, GRI, GHG carbon regulation, as well as the increasing requirements of Non-Financial Information Control Systems (NFICS).
CCH Tagetik offers a set of functions specifically designed to address the disclosure requirements of the CRSD. From dual materiality assessments to pre-loaded ESRS libraries and related calculation logic, the platform equips finance teams with everything they need to stay on top of compliance. CCH Tagetik contains pre-defined templates for data collection, quantitative and qualitative calculation rules for ESRS KPIs and reporting as required by the ESRS.
Through customisable questionnaires, collaborative tools and sophisticated impact assessment methodologies, the platform enables organisations to identify, prioritise and address the most significant sustainability issues affecting their operations.
With CCH Tagetik, large volumes of data are efficiently converted into actionable information and value-generating insights, enabling the finance department to drive business activities by anticipating risks and opportunities. This end-to-end solution (from data collection to final inclusion in the Sustainability Statement document) enables true metrics-based planning, integrated business planning (strategic, financial and operational), integrated reporting, regulatory compliance and more detailed profitability analysis and forward planning.
The collaboration between Laragon Sustainability Solutions and CCH Tagetik aligns the operational and financial domains, enabling complex calculations to be made from large volumes of data, broken down into smaller data, deviation analysis and comprehensive data tracking. Moreover, thanks to process management and audit trails, everything is available in a single solution.
Antonio Aragón, Global Sales Director at Laragon, said: “The CCH Tagetik Platform enables unified management of the consolidation and reporting processes of all corporate information, facilitating collaboration between Finance and Sustainability departments. CCH Tagetik’s extensive experience in innovation to support the CFO’s office, and its extraordinary innovation capabilities provide ESG reporters with a set of the most sophisticated collaboration, reporting and data analytics tools in the market”.
CCH Tagetik’s Intelligent Platform, available both in the cloud and on-premise, offers a scalable and secure solution for organisations’ financial needs. With a single data archive and a single solution, companies can significantly reduce financial cycle times and be better prepared for the future.
