FinanceJanuary 27, 2023

EDF adopts Wolters Kluwer CCH® Tagetik expert solution to meet budgeting, planning, and forecasting needs

EDF, European leading electricity generator and supply group, selected CCH® Tagetik for budgeting, planning & forecasting.

Wolters Kluwer, a global leader in professional information, software solutions and services announces that Electricité de France (EDF) will implement CCH Tagetik Budgeting, Planning, & Forecasting software to strengthen its accounting standards and help support its digital transformation. 

EDF is Europe's leading electricity generator and supply group. To support EDF’s digital transformation, its IT services production center (EDF DSIT) has initiated numerous projects to optimize the company's financial performance management by streamlining its budget cycle, industrializing its practices and modernizing its tools.

Clément Fleisch, Project Manager for EDF DSIT, said: "We have chosen the CCH Tagetik solution combined with support from Valoptia Activity Based Costing (Valoptia.ABC), an expert in building cost models for IT departments, to strengthen the efficiency of economic management within our IT services production center. EDF DSIT's financial and operational teams will now be able to manage all aspects of Corporate Performance Management (CPM) and IT costing through a single platform." 

CCH Tagetik Budgeting, Planning, and Forecasting software allows companies to go beyond basic planning by connecting granular financial and operational data to empower users to plan more often and more in-depth. With CCH Tagetik, EDF will create more accurate forecasts and anticipate change with increased agility.

Vincent Salmon, France Vice President and Operations Manager for CCH Tagetik at Wolters Kluwer said:
“We are delighted that EDF has chosen CCH Tagetik Budgeting, Planning, and Forecasting software to help optimize the management of its economic performance. CCH Tagetik will empower EDF's IT services production center to focus on higher value-added tasks and be true partners in the company's strategic management.” 


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.

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