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September 12, 2017

STAMFORD, Conn. and LUCCA, Italy

CCH Tagetik Scores in Top Three Across Every Use Case In Gartner’s Latest FCPM Research


CCH Tagetik scores highest for large and EMEA-Based organization use cases in Gartner’s 2017 Critical Capabilities for Cloud Financial Corporate Performance Management Solutions

CCH Tagetik today announced that it has scored among the three highest in every use case in the recently published report, 2017 Critical Capabilities for Cloud Financial Corporate Performance Management (FCPM) Solutions1 for its Finance Performance Platform. CCH Tagetik is part of Wolters Kluwer, a global provider of leading software solutions and professional information services.


CCH Tagetik scored among the highest three of eleven vendors evaluated in the midsize organization, mid-size/large organization and Business Unit use cases and highest in large organization and EMEA-Based organization use cases. Gartner’s research evaluated vendors across ten weighted critical criteria including medium and complex FCPM process support, Process Analytics, Enterpise Performance, and Global/Local Regulatory Support. 


In Gartner’s additional report, 2017 Critical Capabilities for Cloud Strategic Corporate Performance Management Solutions2, CCH Tagetik scored second highest in the EMEA-based organizations use case.


“We believe this latest Gartner research is consistent with our success providing solutions across broad cross-section of the FCPM market. Our customers range from mid-sized organizations with operations in one or two countries to some of the largest global companies with diverse operations around the world,” said, Dave Kasabian, Vice President of Marketing for CCH Tagetik.


A strategic assumption in the 2017 Magic Quadrant for Cloud Financial Corporate Performance Management Solutions3 predicts that “Through 2020, 80% of large organizations and 25% of midsize organizations in North America and Europe will use cloud financial corporate performance management capabilities for financial consolidation and reporting, and enhanced financial control and automation, to replace legacy onpremises systems and manual processes.


Ian Rhind, President and CEO, Corporate Performance Solutions, Wolters Kluwer Tax & Accounting agrees with Gartner’s strategic assumption. “CCH Tagetik’s unified Financial Performance PlatformTM enables organizations to unify financial and operational planning, financial consolidation and management reporting, cost allocation and profitability analysis, and regulatory reporting in a single cloud solution.  Today, a vast majority of our new customers, large and small, prefer the cloud while others may not  get there until 2020 or later.  Since we offer the same platform, our customers can move to the cloud on their terms and on their schedule.”


Earlier this year, CCH Tagetik was placed in the visionaries quadrant in Gartner’s 2017 Magic Quadrant for Cloud Financial Corporate Performance Management Solutions3 and Magic Quadrant for Cloud Strategic Corporate Performance Management Solutions (June 2017).



ABOUT GARTNER

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, Critical Capabilities for Cloud Financial Corporate Performance Management (FCPM) Solutions by John E. Van Decker, Christopher Iervolino. September 4, 2017.
2 Gartner, Critical Capabilities for Cloud Strategic Corporate Performance Management (SCPM) Solutions by Christopher Iervolino, John E. Van Decker. September 4, 2017.
3 Gartner, Magic Quadrant for Cloud Financial Corporate Performance Management Solutions by Christopher Iervolino, John E. Van Decker. June 29, 2017.


Media Contacts:

Greta Bartoli CCH Tagetik gretabartoli@tagetik.com +39 0583 96811

Linda Galloway Corporate and EMEA insidHR Communications lgalloway@insidhr.com +1 303 863 8620 office+1 203 733 7446 mobile

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