Wolters Kluwer, a global leader in information, software, and services for professionals, has announced its AI-powered CCH® Tagetik Intelligent Platform, designed to revolutionize the efficiency, accuracy, and strategic capabilities of the Office of the CFO. This groundbreaking, first-to-market platform empowers finance professionals by democratizing access to valuable financial data, managing vast datasets with exceptional speed and automation, uncovering hidden insights, and enhancing decision-making processes.
Key features of the new AI-enabled platform include:
Ask AI: This “GenAI ally,” showcased at the CCH® Tagetik inTouch Global User Conference, provides real-time, visual responses to text and voice natural language queries. Wolters Kluwer estimates that Ask AI, like other generative AI solutions, will significantly boost efficiency, allowing users to dedicate ten times more resources to value-added activities such as analytics, decision support, and innovation.
Intelligent Analytics: This feature offers self-service reporting, analytics, dashboarding, and visualization. It enables users to swiftly search through organized data sets to find precise answers to everyday business questions.
AI Automapping: This accelerates data collection and ensures data governance, while AI Anomaly Detection maintains data integrity by automatically identifying outliers and flagging unusual data patterns.
Intelligent Disclosure: This feature dynamically integrates financial, non-financial, and ESG consolidated numbers with narratives into data-linked reports, ensuring accuracy in documents like annual filings, board books, and management presentations.
AI Driver-Based Analysis: This tool helps users quickly analyze large datasets to identify key business drivers and growth areas.
These new capabilities build on the existing AI features of CCH® Tagetik, such as Predictive Intelligence and Transaction Matching, which already enable users to create predictive forecasts, accelerate data reconciliation, and improve decision-making. Together, these cutting-edge AI innovations underscore Wolters Kluwer’s commitment to investing in AI and driving the digital transformation of the Office of the CFO.
“We are the first to bring to market an intelligent, AI-empowered platform that enhances an entire suite of CPM solutions. We know that GenAI has the potential to enable finance leaders to deliver financial close and planning cycles fifteen times faster than at present and we are harnessing that power for our clients. CCH® Tagetik Intelligent Platform’s new, state-of-the-art AI functionality empowers CFOs to unlock the answers they need from their data in a fraction of the time to make better informed, faster, strategic decisions.” Ralf Gärtner, Senior Vice President & General Manager, Corporate Performance Management (CPM) Solutions, Wolters Kluwer
The platform adds to Wolter Kluwer’s comprehensive suite of CPM solutions that utilizes the latest in generative and objective AI technology. For more information on the latest in AI, please visit Wolters Kluwer’s AI Center.
