AI-powered consolidation does everything our award-winning consolidation software did — but faster and more accurately. Support for complex global requirements, including M&A activity and FX? Check. A workflow that underpins group and subgroup consolidation? Check. Powerful data processing engine? Check. SAP HANA native? Check. Integration into any IT infrastructure? Check.
Here's where it stands apart: This software injects AI automation into data centric processes like intercompany elimination, data anomaly detection, driver-based analysis, and trial balance mapping for IFRS/GAAP reporting. By augmenting repetitive consolidation tasks with AI, our consolation solution produces more accurate outputs at a greater speed than any human could.
3 reasons why CCH Tagetik Financial Consolidation
lets you focus on your business
Create a trusted data foundation
Seamlessly integrate any IT architecture, transactional system, or business intelligence software. Our software natively integrates with SAP HANA and has built in connectors that can automate data loading from +300 sources.
Next level automation
Manage M&A, organizational changes, GAAP & IFRS requirements effortlessly. Do away with scripting and coding by using our intuitive rules-based approach for accounting, regulatory, and business requirements.
Unparalleled processing and performance
Our powerful data processing engine transforms high volumes of financial, operational, and management data for use in management, statutory and integrated reporting.
Read what our customers have to say
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Rabobank, North America
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Vorwerk
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Credito Agricola Group
We estimate we will slow the growth of our finance department staffing needs by 50%; reduce the time of our planning process by 35% and shorten our close process by 2 days.
The process of preparing and reconciling statutory and management consolidation is now considerably faster.
We were able to implement a comprehensive consolidation and reporting solution in just 14 weeks.
Financial consolidation software built for complex companies
Manage multiple entities – automatically – in a single system. Using our consolidation intelligence, group finance teams can easily roll data up for normalization, transformation, and reporting and local teams can close the books according to regional requirements while retaining a common accounting language.
- Ensure accuracy with a smart consolidation cockpit
- Save time with automated intercompany transactions
- Comply with IFRS, GAAP and other regulatory bodies
- Intuitive process-driven consolidation workflow
- Get data governance and complete transparency
Augment the close from data collection-to-disclosure
Our end-to-end CPM software addresses the multi-entity challenges of global organizations. Manage the entire financial consolidation process by automating intercompany eliminations, equity adjustments, currency conversions, multi-statutory requirements, and more.
- Quickly manage & consolidate complex organization structures
- Easily calculate minority interest and equity adjustments
- Handle multi-entity consolidations with unlimited hierarchies
- Perform on-the-fly multi-currency conversions
- Address multi-accounting standards and regulations
Tackling uncertainties: How Erste Group transformed their financial consolidation with CCH® Tagetik
Tackling uncertainties: How Erste Group transformed their financial consolidation with CCH® Tagetik
Financial Consolidation Resources
4 Hidden costs of legacy Close and Consolidation
How to evolve the Financial Close and Consolidation with automation.
5 things every Consolidation system should do ... but doesn’t
How you can improve your consolidation experience. In this e-book, we identify the common shortcomings of dated consolidation software and explore what you should expect from a modernized consolidation software today.
ECE implemented CCH Tagetik's software solution for Planning, Analysis and Consolidation
The real estate company ECE Projektmanagement G.m.b.H. & Co. KG (ECE) uses CCH Tagetik to carry out fully integrated cash flow planning on a monthly basis.
What customers say about our Financial Consolidation Software
CCH Tagetik's Financial Consolidation is trusted by leading companies across all industries.
Compliance Regulatory Reporting
Comply quickly. Report accurately. Follow the rules – with ease.
Financial Reporting
CCH Tagetik Financial Reporting software brings your company’s story to life.
iXBRL
Tag smarter. Manage better. File faster. iXBRL filings using leading-edge machine learning technology.
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