The new platform, which is the first to market, leverages the latest generative and objective AI technologies to expand the company’s full range of CPM solutions
Wolters Kluwer, a global leader in information, software and services for professionals, announced its AI-powered CCH Tagetik Intelligent Platform , designed to increase efficiency, accuracy and strategic capability to digitally transform the Office of the CFO.
Ralf Gärtner, Senior Vice President & General Manager, Corporate Performance Management (CPM) Solutions at Wolters Kluwer, said: “We are the first to bring to market an intelligent, AI-powered platform that offers a full range of CPM solutions improved. We know that GenAI has the potential to enable finance executives to execute financial closes and planning cycles fifteen times faster than before, 1 and we are leveraging this power for our customers. The new, cutting-edge AI functionality of the CCH Tagetik Intelligent Platform enables CFOs to find the answers they need from their data in a fraction of the time to make better-informed and faster strategic decisions.”
The CCH Tagetik Intelligent Platform’s cutting-edge AI capabilities enable financial professionals to democratize access to meaningful financial data, manage and control massive amounts of data with unprecedented speed and automation, unlock hidden insights, and improve and accelerate decision-making.
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The platform’s new AI-enabled features include :
- Ask AI , CCH Tagetik’s new “GenAI ally,” is taking center stage this week at the CCH Tagetik inTouch Global User Conference . This innovative functionality, integrated into the CCH Tagetik Intelligent Platform, enables users to receive real-time, visual responses to text- and voice-based natural language queries. Wolters Kluwer estimates that Ask AI, like other generative AI solutions, will increase efficiency, allowing users to devote ten times more resources to value-added activities such as analytics, decision support and innovation.
- Intelligent Analytics enables self-service reporting, analysis, dashboarding and visualization. The engine gives users new access to data by allowing them to quickly search through organized sets of information to find precise answers to everyday business questions.
- AI Automapping accelerates data collection and ensures data governance, while new AI Anomaly Detection ensures data integrity by automatically identifying outliers and flagging unusual or abnormal data patterns.
- Intelligent Disclosure dynamically integrates financial, non-financial and ESG consolidated figures with commentary into data-linked reports. This means finance and business teams can be confident that all documents, including annual reports, board books and management presentations, are always accurate.
- AI Driver-Based Analysis helps users analyze large amounts of data faster to identify key business drivers and exponential growth areas.
These new AI capabilities build on CCH Tagetik’s existing AI capabilities, such as Predictive Intelligence and Transaction Matching , which already enable users to create explainable, insightful predictions, accelerate data matching and improve decision making.
Together, these first market-ready AI innovations underscore Wolters Kluwer‘s commitment to investing in AI to drive the digital transformation of the CFO office.
Source: BusinessWire
