STAMFORD, Conn. & LUCCA, Italy--(BUSINESS WIRE)--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 Planning and Analysis Solutions1. The report states that the Magic Quadrant for Cloud Strategic Corporate Performance Management has been renamed the Magic Quadrant for Cloud Financial Planning and Analysis Solutions.
This annual Gartner report evaluates solution vendors based on their completeness of vision and ability to execute. Sixteen vendors were evaluated for the Magic Quadrant for Cloud Financial Planning and Analysis Solutions.
“We believe our placement as a Visionary in the Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions validates our commitment to supporting and driving the modernization of the finance function,” said Marco Pierallini, executive vice president, Product, CCH Tagetik. “By focusing specifically on delivering solutions that leverage technology in the context of finance, we enable our customers to expand the scope of financial planning and analysis with control and confidence.”
“We’ve taken an innovative platform approach to delivering solutions for the Office of the CFO since our founding. We were the first to deliver a unified cloud platform with the capability and scalability to address the complex needs of large global enterprises,” said Manuel Vellutini, executive vice president, Commercial, CCH Tagetik. “As the cloud has become more mainstream, CFOs in large enterprises are taking the opportunity to modernize by replacing their aging on-premise FP&A solutions with our powerful and scalable unified Finance Transformation Platform in the cloud.”
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.
“We are very proud of our placement as a Visionary in the Magic Quadrant for Cloud Financial Planning and Analysis 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 finance challenges of today and the future.”
To read the full Gartner 2018 Magic Quadrant for Cloud Financial Planning and Analysis Solutions and Gartner 2018 Magic Quadrant for Cloud Financial Close Solutions2 documents click here. To learn more about CCH Tagetik go to www.tagetik.com.
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.
1 Gartner, Magic Quadrant for Cloud Financial Planning and Analysis Solutions by Christopher Iervolino, John E. Van Decker. July 24, 2018.
2 Gartner, Magic Quadrant for Cloud Financial Close Solutions by John E. Van Decker, Christopher Iervolino. July 26, 2018.
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.