Financial Close & Consolidation
AI-powered platform to accelerate and streamline financial close and consolidation.
Executive Summary
CCH Tagetik's Financial Close & Consolidation solution is an AI-augmented, unified platform designed to accelerate and streamline the financial close process. It helps organizations manage the complexity of multi-entity consolidations, from local close to group consolidation and regulatory reporting, ensuring accuracy and efficiency across the enterprise. The platform leverages embedded Expert AI, machine learning, and predictive analytics to empower finance teams. Key capabilities include automated account reconciliation, intercompany matching, and fast closing functionalities, all aimed at reducing manual effort and improving the speed and reliability of financial reporting. CCH Tagetik integrates seamlessly with various source systems, including major ERPs like SAP (including S/4HANA) and Microsoft, as well as CRMs and other data formats. It offers flexible deployment options, including onCloud (SaaS) with guaranteed 99.5% uptime and 24x7 monitoring, or onPremise, providing robust and secure corporate performance management.
Use Cases
- Automating multi-entity financial consolidations for complex organizational structures.
- Streamlining the financial close process to achieve faster reporting cycles.
- Ensuring accurate account reconciliation and efficient intercompany matching.
- Generating compliant regulatory reports (e.g., EBA Supervisory Reporting) and financial statements.
- Providing self-service tools for dynamic financial and operational data analysis.
Features
Visibility
- Consolidation Dashboards: Visualize the status and progress of the financial close and consolidation process across all entities with customizable dashboards.
- Self-Service Reporting: Empower users to create dynamic reports and analyze financial and operational data independently using tools like SmartInsight.
Intelligence
- Expert AI & Machine Learning: Leverage embedded AI for automation, anomaly detection, and predictive analytics to enhance accuracy and efficiency in financial processes.
- Predictive Analytics: Generate forecasts and identify trends to support strategic decision-making and proactive financial management.
Technical Specifications
- Deployment
- Hybrid
- API Available
- Yes
AI/ML Stack
- agentic AI
- machine learning
- predictive analytics
Integrations
- SAP
- Microsoft
- Qlik
- SharePoint
Pricing
- Model
- Contact sales
- Starting Price
- Contact sales
- Target Customer
- Enterprise
About CCH Tagetik
CCH Tagetik provides a comprehensive, data-driven, AI-based Corporate Performance Management (CPM) platform. It offers leading-edge financial planning, world-class consolidation, and trusted regulatory solutions for financial close, extended planning, and more.
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