Wolters Kluwer ranked first in Dresner 2024 Wisdom of Crowds® Financial Consolidation, Close Management, and Financial Reporting Market Study

NEW YORK--(BUSINESS WIRE)--Wolters Kluwer, a global leader in professional information, software solutions and services, today announced that its CCH® Tagetik expert solution has achieved the top position in the Dresner Advisory Services 2024 Wisdom of Crowds® Financial Consolidation, Close Management and Financial Reporting (FCCR) Market Study. The Dresner 2024 Wisdom of Crowds® FCCR Market Study examines current usage, priorities, and objectives and includes a new analysis of why organizations implement FCCR software. Wisdom of Crowds® research is based on data collected on usage and deployment trends, products, and vendors. Users in all roles and industries contributed to provide a complete view of realities, plans, and perceptions of the market.

The CCH Tagetik Intelligent platform enables finance leaders to augment the scope, speed and accuracy of financial close and consolidation. The data-centric platform employs AI-based diagnostics to power close and consolidation processes, offering accuracy and speed to transaction matching, anomaly detection and driver-based analysis.

Ralf Gärtner, Senior Vice President & General Manager, Wolters Kluwer CPM said: “We are committed to product excellence and innovation, and we are honored to be ranked first by Dresner in this important report. Our expert solutions enable global finance teams to access advanced financial consolidation, close and reporting technologies supporting high volumes of users and complex needs, including account reconciliation, ESG, tax reporting and integrated disclosure.​ We focus on anticipating emerging market trends and responding with solutions that support CFO’s current and future needs.”

The announcement of this significant analyst recognition follows the launch of the AI-powered CCH Tagetik Intelligent Platform in May 2024, which empowers finance leaders to democratize access to meaningful financial data, manage and control massive datasets with unprecedented speed and automation, unlock hidden insights, and improve and expedite decision making.

Howard Dresner, Founder, and Chief Research Officer of Dresner Advisory, said: “In 2024, providing a single “version of the truth” for finance data is the most important objective for deploying FCCR software regardless of organization size, age, industry, or geography. Our FCCR vendor ratings consider a number of criteria surrounding financial consolidations, close management and financial reporting. Wolters Kluwer has ranked highly in all categories of measurement for its CCH Tagetik Intelligent Platform, and we congratulate them on achieving first position in this report for the fourth consecutive year.”

Wolters Kluwer Corporate Performance Management (CPM) is part of Wolters Kluwer’s Corporate Performance & ESG (CP & ESG) division. The division is the world’s leading provider of integrated software solutions for EHS, ESG, Corporate Performance Management, Audit and Assurance, and Risk and Regulatory reporting. Through innovative technology and unique expertise, Wolters Kluwer CP & ESG enables business leaders to make informed, strategic decisions that drive transformation, performance, and risk management for a sustainable and resilient world.

For more information about Wolters Kluwer, please visit: www.wolterskluwer.com.

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

Wolters Kluwer reported 2023 annual revenues of €5.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,400 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Facebook, YouTube and Instagram.