CCH® Tagetik Close & Consolidation grants Finance Professionals complete ownership of their close-to-disclose data trajectory by extending before and after the traditional financial consolidation to encompass new operational dimensions and adjacent pre & post consolidation processes such as Account Reconciliation, Lease Accounting, ESG, and GMT.
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Wolters Kluwer | CCH Tagetik
The award-winning CCH Tagetik expert solution provides the strategic & financial intelligence platform that enables CFOs and their peers, in global enterprises, to propel their strategy with faster and better-informed decisions. CCH Tagetik provides a comprehensive, data-driven, AI-based CPM platform for Financial Close & Consolidation, Extended Planning including financial & operational planning, ESG and Regulatory reporting, and Corporate Tax including Global Minimum Tax. With embedded AI and state-of-the-art governance, the open and extensible platform easily connects leading operational solutions to create enterprise-wide insights, drive growth, and navigate change for our customers to gain the greatest value, today and tomorrow.
Featured Solutions
New products, promotions, seasonality, inflation, competition — no matter what you’re planning for or reacting to, CCH Tagetik Budgeting, Planning, and Forecasting software gives you the power to plan more often, more in-depth.
Close, planning, regulatory reporting: CCH Tagetik for SAP HANA gives you the power to complete all financial processes in a fraction of the time. Our S/4HANA Connector connects to any SAP database and all other source systems, so you can be confident you’re using a single source of validated data.
Featured Content
No matter where you are in your S/4 HANA journey, modernizing your close and consolidation process can help unlock the full potential of your SAP-centric environment. Discover an actionable plan to maximize the value of your digital transformation.
Whether you’re in the middle of an SAP ERP change or looking to drive your finance transformation amid SAP BPC end-of-life, choosing the right FP&A software is hard to get right. Here’s what to look for to future-proof your FP&A process.
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Meet the next generation of consolidation tools. Manage unlimited dimensionality, accounting rules, and regulatory requirements in a consolidation workflow that streamlines processes from end-to-end – in a single AI-powered system.
Enter the next evolution in planning. CCH Tagetik combines traditional financial planning capabilities with the ever-increasing operational planning needs in a unified, Finance-first transformation platform.
Articles / Case Studies / Videos
Replacing SAP BPC: How to build an AI-powered finance teamThe transition to AI-driven solutions in enterprise performance management is crucial for finance teams aiming to boost efficiency and decision-making, particularly for those using SAP BPC who should consider future-ready alternatives that align with their growth objectives.
The Ultimate Toolkit for SAP BPC Replacement: Critical Strategies for Finance Leaders to Implement NowFinance teams today are navigating a complex landscape—grappling with scattered data, disconnected processes, and limited agility in an increasingly fast-paced market. These challenges are only intensified by the impending end-of-life for SAP BPC. To stay ahead, finance leaders must take proactive steps to transition to a more advanced financial planning solution.
Watch this expert panel as we explore the criteria for selecting a new financial planning platform that fits your organization’s needs and goals. You’ll gain actionable insights into the step-by-step process for migrating from SAP BPC to a modern solution—complete with risk mitigation tactics and change management best practices.
During the session, you’ll gain a practical framework for selecting and implementing the right financial planning tool, along with strategies to minimize disruption throughout the transition. We’ll also share tips for effectively leveraging modern platforms to enhance business agility and elevate overall financial performance—helping your organization stay competitive in a rapidly evolving landscape.
Watch this session to:
Understand the Risks of Inaction: What are the potential impacts of delaying the transition from SAP BPC?
Evaluate Replacement Solutions: What key features should you look for in a modern financial planning platform?
Plan a Smooth Migration: How can your organization ensure a seamless and secure transition process?
Drive Financial Performance: How can new tools improve accuracy, streamline planning, and elevate decision-making?
Equip your finance team with the knowledge and strategies they need to thrive in the digital era. Don’t miss this opportunity to future-proof your financial planning processes.
Finance transformation blueprint: Milliken’s SAP BPC end-of-life journeyThe sunset of SAP BPC and ECC isn’t just an IT milestone — it’s a pivotal opportunity for finance leaders to future-proof their operations, especially as they make the move to S/4HANA. Discover how Milliken, a global manufacturer specializing in flooring, textiles, chemicals & healthcare solutions, navigated this challenge and turned it into a strategic win for their organization.
Join Milliken's Director of Finance Transformation, Vim Patel, as well as CCH Tagetik's finance transformation expert, Kyle Trainor, as they share a proven roadmap, lessons learned, and key strategies when replacing a legacy solution.
Planning and Consolidation After SAP BPCMainstream maintenance is ending for SAP Business Planning and Consolidation (BPC) in 2027 which is forcing customers of the product into a transitory period where they are compelled to search for new planning and consolidation tools and potentially adopt new processes associated with that replacement software. Replacing software is always going to have an impact, and SAP BPC customers will be looking for upgraded capabilities as they bring on a new financial planning and consolidation tool.
Financial planning and consolidation solutions are the foundation of a modern enterprise performance management (EPM) framework, delivering critical capabilities that help organizations align financial operations with strategic goals. These tools enable more accurate forecasting, streamlined budgeting, and timely consolidation of financial data across business units, providing a single source of truth for performance tracking. SAP BPC, offering both planning and consolidation capabilities, has provided organizations the agility to respond to market shifts, ensure regulatory compliance, and drive accountability across the organization. With the upcoming end of maintenance, and with no direct replacement from SAP, organizations now need to determine how they will manage planning and consolidation moving forward.
This research explores organizations preparedness for replacing their business planning and consolidation solutions, the factors most impacting the choice of a new planning and consolidation solution, and the concerns that organizations have about moving away from SAP BPC.
The findings indicate that less than two thirds of respondents were aware of the upcoming end of mainstream maintenance resulting in many organizations not being prepared to transition to a new planning or consolidation solution. And with more than a third of respondents expecting a significant or major impact on day-to-day finance operations, it is clear that organizations need to do more to be prepared for the future.
Download the benchmark report to read the full data analysis from 109 members of the SAPinsider community and receive recommendations for your own plans.
- Understand the impact of the upcoming end of maintenance for SAP BPC.
- Explore how SAPinsiders are approaching selecting a replacement planning and consolidation solution.
- Learn about the factors impacting the choice of that replacement.
- See what concerns SAPinsiders have about moving away from SAP BPC.
SAP BPC Time Warp: Strategies for Modernizing Your Finance Function in 2024The SAP environment is transforming – and BPC users are stuck in time. As SAP rolls out their new network of budgeting and consolidation tools, they’ve asked users to reduce further investment and implementation of BPC. So, what can current BPC users do to modernize their EPM processes in 2024? And how can we maximize the utility of HANA to drive agility and growth today?
Modernize Your Close & Consolidation Process in an SAP S/4HANA EnvironmentLooking to transform your EPM processes to complete your digital transformation? No matter where you are in your S/4 HANA journey, modernizing your close and consolidation process can help unlock the full potential of your SAP-centric environment.
CCH® Tagetik, an SAP-partner, is certified to run natively on HANA. This enables your SAP-centric IT strategy to complete your digital transformation with a mature, unified approach to automated planning, close & consolidation, ESG, regulatory and tax requirements.
Join Hampton Clements, Solution Specialist at Wolters Kluwer, as we break down the most effective way to modernize your close and consolidation process and explore the upsides of leveraging a unified EPM platform that runs natively on S/4 HANA.
Register to hear the most effective way to modernize your close and consolidation process and explore the upsides of leveraging a unified EPM platform that runs natively on S/4 HANA and transform EPM processes to full digital transformation.
What’s next: 4 questions to ask when building your SAP BPC EOL StrategyThe whitepaper explores the impending 2027 end-of-life for SAP BPC and offers strategic counsel for finance teams navigating this transition. It poses critical questions: the possibility of deadline extensions, the choice between S/4 HANA modules and CPM platforms, the suitability of SAP Group Reporting and Analytics Cloud as replacements, and optimal timing for initiating Finance Transformation. While SAP has extended support deadlines previously, external factors suggest a lower likelihood now. Organizations must evaluate S/4 HANA modules and CPM platforms based on their unique needs and goals. SAP Group Reporting and Analytics Cloud are viable successors but necessitate careful consideration of existing systems and governance implications. Urging proactive action, the paper stresses starting the transformation process promptly to ensure seamless implementation and future-proofing of CPM systems. Wolters Kluwer, a global leader in professional information and software solutions, authored the paper, serving customers worldwide with extensive expertise and resources.
Life after SAP BCP – What’s the path forward?As the end of support for SAP Business Planning and Consolidation (BPC) versions 10.1 approaches, businesses must strategize their transition to maintain agility and competitiveness. Wolters Kluwer's whitepaper outlines four migration paths: CCH® Tagetik, SAP Analytics Cloud, SAP Group Reporting, and SAP BPC 11.1. Each option presents distinct benefits and challenges.
CCH Tagetik offers a finance-owned, integrated platform, though its third-party nature may challenge SAP-centric organizations. SAP Analytics Cloud provides cloud-based flexibility and advanced AI tools but requires full transition to a public cloud. SAP Group Reporting streamlines financial consolidation with real-time data but may need integration with Workiva for enhanced reporting. SAP BPC 11.1 continues the on-premises experience with modern features but may involve significant migration costs.
Achieving Compliance With Beneficial Ownership Information RequirementsPer the 2021 Corporate Transparency Act, corporations LLCs, and other business entities will be required to report beneficial ownership information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) starting at the beginning of 2024. All organizations founded before the end of 2023, barring some exceptions, must submit their initial report by January 1, 2025.
Requiring the disclosure of beneficial ownership information aims to level the playing field for legitimate businesses operating within the U.S. and protect its financial system from illicit use. However, this also poses another regulatory challenge for these same businesses. With the deadline looming, some organizations may be scrambling to find the necessary information as they prepare to file the paperwork.
To help companies ensure that they meet the new beneficial ownership information reporting requirements, CT Corporation, a Wolters Kluwer subsidiary, provided a fact sheet that lays out reporting requirements and answers frequently asked questions that companies may have about the process.
In this article, we will highlight some of the most important points from the fact sheet. This includes some of the notable exceptions to the reporting requirements, what should be included in the filings, and the circumstances that would trigger an update.
Tax Technology Innovation and Automation – Benchmark ReportIn the dynamic tax compliance landscape, finance and tax leaders face challenges in adopting new technologies, as outlined in SAPinsider’s Tax Technology Innovation and Automation benchmark report. Notable challenges include budget constraints, integration issues, and a lack of technical expertise. Addressing these, many are turning to solutions like SAP S/4HANA Cloud for its real-time analytics and flexibility. This shift is vital for integrating tax strategy into business transformations, thus enhancing compliance and tax planning. The survey underscores a trend towards embracing technologies like AI and automation to streamline tax processes, including the implementation of sales and use tax solutions and global tax engines.
The Smart Path to SAP S/4HANA: Accelerating Transformation with an EPM-First ApproachWith SAP’s push to move organizations to SAP S/4HANA, many are planning or undertaking an ERP migration. But what if there was a smarter way to prepare? Instead of waiting for a long-term ERP deployment project to complete, finance leaders can gain immediate value by modernizing their EPM platform first.
This session will detail the steps to take and the benefits of an EPM-first approach, helping you accelerate your transformation journey.
Access this insightful session on-demand to equip your organization with the knowledge and strategies needed to navigate the path to SAP S/4HANA effectively.
Watch this session to:
Understand the role of ERP versus EPM platforms for finance transformation.
Discover the three paths finance leaders can take in 2025.
See why an EPM-first approach unlocks value.
Learn how to build a business case for an EPM-first strategy.
Explore key considerations for selecting the right EPM solution.
Study real-world use cases for EPM.
Accelerate Finance Transformation with CCH Tagetik Powered by SAP HANACCH Tagetik offers a robust CPM solution that integrates with SAP HANA and enhances SAP ecosystems, making it a key consideration for businesses transitioning from SAP BPC and ECC to SAP S/4HANA, as discussed in an informative webinar aimed at improving financial processes and maximizing SAP investments. Fill the form below to watch the webinar on-demand
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