CCH Tagetik positioned as a visionary in Gartner’s 2017 magic quadrants for cloud financial and cloud strategic corporate performance management solutions

3rd July 2017

Gartner has positioned CCH Tagetik in the Visionaries quadrants of its 2017 Magic Quadrant for Cloud Financial Corporate Performance Management (FCPM) Solutions1 and 2017 Magic Quadrant for Cloud Strategic Corporate Performance Management (SCPM) Solutions2.  CCH Tagetik is part of Wolters Kluwer, a global provider of leading software solutions and information services for professionals.

 

The annual Gartner reports evaluate solution vendors on their completeness of vision, ability to execute, and other criteria such as product capabilities, market presence, and vendor viability. For the first time, this year’s reports results are based solely on vendors’ cloud solutions.

“Thanks to our long-term strategy of delivering ‘the cloud without compromise’ to finance organizations, we’ve been able to capitalize on the market’s growing acceptance of cloud solutions. As a result, we’re now seeing growth in cloud sales outpace those of on-premise sales in the North American market,” said Marco Pierallini, executive vice president, Product.  “We believe it is by focusing specifically on the needs of the CFO and delivering solutions that take advantage of technology in the context of finance, CCH Tagetik has been named a Visionary in the Magic Quadrants for FCPM and SCPM.”

 “We were one of the first CPM providers to see the potential of the cloud for finance transformation in companies of all sizes,” said Manuel Vellutini, executive vice president, Commercial. “Many large finance organizations are ready for cloud-based solutions but are frustrated by the migration path and immaturity of their current vendor’s cloud strategy. We welcome the opportunity to show these finance organizations how they can embrace the cloud without compromise.”

CCH Tagetik’s unified cloud solution can be deployed in AWS or Microsoft Azure cloud environments and supports financial consolidation, intercompany reconciliation, financial reporting, management reporting, disclosure management, close management and a framework for account reconciliation and tax provisioning, regulatory reporting, budgeting and planning, forecasting, modeling, analytics.

“We are very proud of our placement as a Visionary in the Magic Quadrants,” said Ian Rhind, president and CEO, Corporate Performance Solutions, Wolters Kluwer. “Our customers can be confident we remain committed to providing innovative solutions that address the finance challenges of today and a platform for the future.”

Those interested in reading Gartner’s 2017 Magic Quadrant for Cloud Financial Corporate Performance Management Solutions and 2017 Magic Quadrant for Cloud Strategic Corporate Performance Management Solutions can access the documents here.

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