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 powerful 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 has 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 strategic, financial and operational budgeting, planning and modeling, but also provides cutting edge capability around financial consolidation and close, analytics, financial and management reporting, regulatory reporting and disclosure management.
But having laid the foundation for the Modern Finance journey, CCH Tagetik is now adding capabilities that support these changing needs. In a year of continued momentum, the company has added functionality to its finance transformation platform, expanded its partner application program and is building practical use cases for AI and machine learning.
This year 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 its innovative (i) Finance Transformation Platform, powered by the Analytic Information Hub (ii) enhanced analytics through integration with SAP HANA and Microsoft Power BI and finally it’s (iii) use cases for artificial intelligence and machine learning through predictive analytics