CCH Tagetik: Financial Closing, Planning, Reporting, and ESG on a Single Platform

CCH Tagetik integrates consolidation, planning, reporting, and other financial processes on a single platform—with BLUEBIRD as its Platinum Partner for design, implementation, and further development.

Discuss the target vision and platform

Classification

A Platform for Core Finance Processes

CCH Tagetik integrates financial statement preparation and consolidation, planning and forecasting, financial reporting, disclosure, ESG, and regulatory reporting on a common technological foundation.

The foundation is the Analytic Information Hub: a central data layer that aggregates financial and operational data and makes it available for various finance processes. This allows data and structures to be used across financial reporting, planning, and disclosure.

The platform can be implemented in phases. Companies can start with individual application areas and add additional finance processes later.

Shared Database

A data model for financial closing, planning, reporting, and ESG—via the Analytic Information Hub rather than through interfaces.

Close to Disclosure

Financial statement data flows directly into Financial Reporting, Disclosure, and iXBRL—without the need for further reconciliation.

Proximity to the academic discipline

Consolidation logic, planning models, and reports can be configured through Finance—without requiring any development work by the IT department.

Office Integration

Collaborative Office integrates Excel, Word, and PowerPoint with live data from the platform.

Regulatory Framework

Preconfigured solutions for IFRS 16, IFRS 17, Solvency II, EBA reporting, and the Global Minimum Tax.

AI in the Platform

Predictive Forecasting, Expert AI, and Intelligent Analytics operate on the same data foundation as the finance processes.

Target Audiences

For Which Companies CCH Tagetik Is Particularly Relevant

CCH Tagetik is particularly well-suited for companies that want to integrate multiple finance processes onto a single platform and reduce their reliance on existing standalone solutions or Excel-based workflows.

Whether the platform is a good fit depends primarily on process complexity, the system landscape, and the target vision.

Typical Starting Situations

Corporations with a multi-tiered consolidation scope and multi-GAAP requirements
Capital-market-oriented companies with ESEF/iXBRL obligations and significant disclosure requirements
Insurance companies and banks subject to IFRS 17, Solvency II, or EBA reporting
Companies that want to integrate ESG reporting closely with their financial statements
Finance organizations seeking to replace Excel-based side calculations and disparate standalone solutions
Companies with an SAP landscape looking for a tightly integrated CPM platform

SUITABILITY AND LIMITATIONS

Where CCH Tagetik Has Its Limitations— Where the Approach Doesn’t Work

CCH Tagetik is particularly well-suited when multiple finance processes need to be consolidated onto a single platform.

The solution is less suitable:

when there is only a narrowly defined, isolated need without a platform-wide perspective
when standard requirements suffice without broader reporting, disclosure, or governance objectives
if the target state, data model, and process responsibilities have not yet been clarified
if the organization cannot support the integrated platform approach from a functional and operational standpoint

The decision will only be viable once the system landscape, operating model, and planned finance processes are also taken into account.

BERATUNGSANSATZ

BLUEBIRD und CCH Tagetik

BLUEBIRD verbindet Erfahrung aus Finance-Prozessen mit tiefer CCH-Tagetik- und Integrationskompetenz. Unsere Teams arbeiten zugleich mit weiteren führenden CPM-/EPM-Plattformen und begleiten Unternehmen auch bei der Softwareauswahl.

So beraten wir plattformübergreifend und betrachten CCH Tagetik immer im Kontext der fachlichen Anforderungen und der bestehenden Systemlandschaft. Unsere Platinum-Partnerschaft mit CCH Tagetik steht dabei für tiefes Produktwissen und umfassende Projekterfahrung.

Wir begleiten Unternehmen von der fachlichen Konzeption über die technische Umsetzung bis zur Weiterentwicklung bestehender CCH-Tagetik-Lösungen.

Unsere Leistungen umfassen:

fachliche Konzeption und Zielbildentwicklung
Prozess- und Datenmodellierung
Implementierung und Konfiguration
Datenintegration und Anbindung von Vorsystemen
Tests und Übergang in den Betrieb
Optimierung und Weiterentwicklung bestehender CCH-Tagetik-Umgebungen

The Analytic Information Hub is CCH Tagetik’s central data and analytics layer. It consolidates financial and operational data into a single model that all solution areas can access—from consolidation and planning to ESG reporting. This eliminates the need for redundant data storage and reconciliations between separate systems.

All three platforms cover consolidation, planning, and reporting, but each has a different focus. CCH Tagetik is often perceived as particularly strong in the areas of disclosure, regulatory reporting, and ESG. OneStream takes a consistent single-platform approach, while Oracle EPM Cloud takes a modular one. Which platform is the right fit depends on your vision, existing IT landscape, and requirements—not on product labels.

Yes. CCH Tagetik is available as a cloud service from Wolters Kluwer and as an on-premises installation. The most appropriate operating model depends on your IT strategy, security requirements, and existing infrastructure.

No. Many companies start with a single solution area—often consolidation or planning—and expand the platform gradually. It’s important to design the data model from the outset so that future areas can be integrated without requiring a redesign.

Yes. We advise you on the appropriate license scope for your solution areas and user groups and assist you with expanding existing licenses.

Ideally, before you make a decision on a platform. We evaluate the suitability of CCH Tagetik within the context of your finance architecture and provide a basis for decision-making that is not influenced by vendor interests.

CCH Tagetik: Financial Closing, Planning, Reporting, and ESG on a Single Platform

A Platform for Core Finance Processes