CCH Tagetik accelerates the financial close by 45%, enabling faster insights, stronger governance and more agile decision making across a global enterprise.
Singapore, May 13, 2026 — Wolters Kluwer, a global leader in professional information, software solutions, and services, today announced the successful completion and full go-live of a two-phase platform for Segway-Ninebot, a global leader in electric personal mobility.
Segway-Ninebot’s digital transformation voyage has reached a significant milestone with the implementation of a unified CPM foundation for statutory consolidation, management reporting, budgeting, and forecasting. The company has substantially enhanced global financial governance, enhanced analytical capabilities, and enabled faster, more confident decision-making by replacing fragmented, manual processes with an automated, intelligent operating model.
CCH Tagetik establishes a new standard for unified statutory and management reporting in response to the challenges of global expansion
Segway-Ninebot’s financial management environment had become increasingly complex as it expanded into a multinational organization with over 50 legal entities worldwide. Operational inefficiencies and reconciliation challenges were generated by the presence of numerous SAP instances in China and abroad, as well as non-SAP accounting systems, inconsistent master data standards, and largely manual statutory reporting processes.
The visibility and control of the situation were further restricted by the limited reporting frequency and the discrepancies between the statutory and management perspectives.
Wolters Kluwer utilised its extensive experience in global financial performance management to develop a unified, integrated CPM platform that was constructed on CCH Tagetik in order to confront these obstacles. The solution is supported by advanced integration capabilities and comprehensive direct SAP connectivity, and it encompasses four core modules: statutory consolidation, management reporting, annual budgeting, and rolling forecasting.
The platform facilitates the seamless integration of automated data and the establishment of a consistent, dependable financial data foundation by eliminating data silos and standardising processes across geographies, accounting standards, and currencies.
A 45% quicker close cycle and increased business agility: A measurable impact
The CCH Tagetik platform has achieved tangible, enterprise-wide benefits, most notably a 45% reduction in the financial close cycle, by being profoundly integrated with over ten surrounding systems and implemented in two meticulously managed phases.
Through automated data collection, cleansing and consolidation, Segway-Ninebot has dramatically accelerated reporting timelines:
- Entity level close: T+1
- Group statutory consolidation: T+3
- Management reporting: T+4
- End-to-end value chain reporting: T+5
The platform also processes nearly 10 million business data records annually, which allows for detailed end-to-end cost tracing and profitability analysis by SKU and customer. The automation of complex unrealised profit eliminations has considerably improved accuracy and transparency. Complex unrealised profit eliminations are now automated, which has substantially enhanced transparency and accuracy.
A solitary source of accurate information regarding finance and business
The project developed not only speed, but also a standardised global operating model for finance-business. Wolters Kluwer helped Segway-Ninebot align master data management standards and harmonise accounting methods across 15 organisations, delivering significant consistency between statutory and management reporting.
The technology also provides closed loop performance management tying annual budgeting and rolling forecasts along with shared services and in-process expense control. The integrated strategy offers dynamic forecasting capabilities and tighter cost governance to enable management adapt more effectively to changing market conditions.
Michael Chung, Greater China General Manager of CCH Tagetik at Wolters Kluwer, stated, “Segway-Ninebot is an outstanding example of a globally minded technology innovator, and we are honored to support its transformation. By addressing the complexity of its global operating model, CCH Tagetik demonstrated clear strengths in multi-GAAP compliance, high volume data processing and sophisticated modelling. The result is a solid, trusted data foundation that enables faster closes, deeper insights and stronger global decision making.”
Yang Hu, IT Director, Segway-Ninebot, added, “As our business expanded globally, we faced persistent challenges around efficiency and data consistency across statutory consolidation, management reporting, budgeting and forecasting. By building a unified finance and management platform on CCH Tagetik, we successfully automated integration across multiple systems worldwide. The 45% reduction in our financial close cycle is a standout achievement, freeing our teams to focus on insight rather than reconciliation, while significantly improving the accuracy and reliability of profitability analysis and performance management.”
Looking ahead
Wolters Kluwer will continue to support Segway-Ninebot as the company expands use of the CCH Tagetik platform. The next phase of collaboration will involve advanced data quality analysis, optimisation of global operations and maintenance processes and research of sophisticated use cases such as product lifecycle management models. Wolters Kluwer will continue to innovate to help Segway-Ninebot maintain its competitive advantage in an increasingly complex global marketplace.
