Wolters Kluwer launches CCH Tagetik Tax Provision & Reporting Solution
July 15 2024 - 9:38AM
Business Wire
New solution bridges the gap between financial
and group tax reporting
Wolters Kluwer, a global leader in information, software, and
services for professionals, today announced that it has launched
CCH® Tagetik Tax Provision & Reporting. This new solution
supports companies that are seeking to streamline group tax
provision and accounting processes by integrating and bridging the
gap between financial and tax reporting.
CCH Tagetik Tax Provision and Reporting supports finance and tax
leaders of multinational companies in augmenting their scope by
offering data collection and group tax provision calculations
(including current, deferred, effective tax rate), and by enabling
group tax reporting for financial consolidation figures.
Ralf Gärtner, Senior Vice President and General Manager of
Corporate Performance & ESG, Wolters Kluwer, said:
“Companies are seeking advanced technology solutions to enable them
to transform their approach to tax and financial reporting. We are
committed to continuously developing innovative and integrated
technologies to support the Office of the CFO. This new solution
enables finance and tax leaders to harness the AI capabilities of
our Intelligent Platform to drive efficiency for group tax
provisioning and to streamline integration with core financial
processes.”
CCH Tagetik Tax Provision & Reporting leverages the AI
capabilities of the CCH Tagetik Intelligent Platform, which are
designed with the intent to digitally transform the efficiency,
accuracy, and strategic ability of the Office of the CFO.
Key features of the new solution include:
- Enhanced data governance and process management,
leveraging advanced analytics and data management technology for
control at the group level.
- A unified accounting and tax model that facilitates
consistency across borders.
- Streamlined data entry and commentary capabilities, for
efficiency and auditability.
- Comprehensive dashboarding and reporting capabilities
that align tax processes with financial operations for strategic
decision-making.
The launch of the new tax solution is the latest corporate tax
innovation from CCH Tagetik, following the launch of CCH Tagetik
Global Minimum Tax solution in 2023, which was recognized by the
Software & Information Industry Association (SIIA) as the best
financial management solution and by the Business Intelligence
Group as the new product of the year.
For more information about Wolters Kluwer, please visit:
www.wolterskluwer.com
About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in
information, software solutions and services for professionals in
healthcare; tax and accounting; financial and corporate compliance;
legal and regulatory; corporate performance and ESG. We help our
customers make critical decisions every day by providing expert
solutions that combine deep domain knowledge with technology and
services.
Wolters Kluwer reported 2023 annual revenues of €5.6 billion.
The group serves customers in over 180 countries, maintains
operations in over 40 countries, and employs approximately 21,400
people worldwide. The company is headquartered in Alphen aan den
Rijn, the Netherlands.
For more information, visit www.wolterskluwer.com, follow us on
LinkedIn, Facebook, YouTube and Instagram.
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Media Sarah Whybrow Associate Director, External
Communications Corporate Performance & ESG Wolters Kluwer Mob:
+44 7855 186713 sarah.whybrow@wolterskluwer.com