In an era defined by rapid technological advancements and ever-evolving financial landscapes, modern CFOs face mounting pressures to deliver strategic insights while ensuring compliance. Enter Enterprise Performance Management (EPM), hailed as a powerful ally in navigating this complex terrain. Through integrating and analyzing data from diverse sources, EPM offers clarity and agility, aligning departments, resources, and systems with strategic objectives.
In this article written by the DigitalCFO, Chee Kien Loh, ASEAN regional business manager for CCH Tagetik at Wolters Kluwer, sheds light on the critical role of EPM in modern finance. By addressing challenges such as fragmented data silos, outdated processes, and integration hurdles, CFOs can transcend from reactive to proactive decision-making.
Furthermore, the article delves into the transformative potential of EPM beyond compliance, empowering finance teams to become strategic partners driving growth and competitiveness. It emphasizes the importance of selecting EPM solutions that are finance-owned, unified, reliable, open and extensible, cloud-flexible, seamlessly integrated, and AI-powered.
Drawing insights from a major financial institution's journey to modern EPM with CCH Tagetik, the article illustrates tangible benefits such as efficiency gains, real-time insights, and strategic agility. It underscores the pivotal role of EPM in shaping a data-driven, agile finance function that not only meets current demands but also anticipates future challenges.
To gain access to the full article and unlock invaluable guidance for navigating the complexities of modern finance, download now.
Note: Wolters Kluwer CCH Tagetik is the recipient of the first Readers’ Choice Award in the category of FP&A Partner at the 3rd annual FutureCFO Excellence Awards 2024.
