Corporate performance management (CPM) applications are a vital resource for any business, providing the competitive insight and foresight that can mean the difference between success and obsolescence.
Having the right technology plays a crucial role in improving the quality of business planning and decision making. But moving to a more data-rich planning environment which straddles operational and financial data, as well as structured and unstructured data, requires industrial strength hardware and software solutions to process, churn and synthesize large and varied quantities of data.
Non-financial data is the new game-changer in generating strategic insight, but incorporating new data sources into plans and models brings with it concomitant difficulties, like data integrity and compatibility, not to mention how to handle the sheer volume of data being generated. This has increased the complexity of CPM to the point where it is no longer enough to rely on disparate spreadsheets, unmonitored workflows and unlinked data sources. CCH Tagetik have been at the forefront of innovation in corporate performance management since 1986, striving to deliver a seamless, integrated CPM journey.
The company offers a broad scope of CPM that doesn’t only focus on financial and operational budgeting, planning and modeling, but also provides cutting edge capability around financial consolidation, analytics, financial and management reporting and disclosure management.
In this Innovation Showcase we focus on three areas that help to support finance functions in an increasingly changeable and demanding world. We demonstrate how CCH Tagetik is laying the groundwork for the future through (i) advanced data management that will provide a springboard for machine learning; (ii) the ability to verify, codify and control non-financial data enabling it to be consumed in ways that recognizes the breadth of users that need to tap into performance management applications and finally (iii) taking disclosure management beyond its early beginnings in statutory reporting and using it to support a broader spectrum of internal and external reporting needs.
Download the CCH Tagetik Innovation Showcase following the link below: