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30 June 2017

STAMFORD, Conn. and LUCCA, Italy

CCH Tagetik Positioned as a Visionary in Gartner’s 2017 Magic Quadrants for Cloud Financial and Cloud Strategic Corporate Performance Management Solutions


Strong global financial consolidation and robustness of cloud solution contribute to Visionary position

CCH Tagetik, a leader in global performance management software solutions, today announced that Gartner, Inc. 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.”


CCH Tagetik has a strong heritage in financial consolidation and complex regulatory, enterprise risk, sustainability, and performance reporting; plus budgeting, forecasting, performance reporting, dashboards, modeling and analysis all in a single unified platform. Its deployment flexibility and robust capabilities deliver the ‘Cloud without Compromise’ to the office of the CFO. 


As part of Wolters Kluwer, CCH Tagetik remains fully dedicated to its customers’ success. As of June 30, 2017, its Overall Rating in the Strategic Corporate Performance Management (SCPM) category of Gartner’s Peer Insights is 4.4 out of 5.0 based on 20 reviews.


CCH Tagetik delivers the benefits of the cloud combined with the deep financial intelligence that finance organizations need.  Its cloud solution has the exact same robust user experience and functionality as its on-premise offering.


“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.


ABOUT THE MAGIC QUADRANTS

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