Dutch software solutions and services company Wolters Kluwer has extended its partnership with Ernst & Young (EY) US to help enterprises expedite digital transformation.
Through the partnership, EY US will leverage Wolters Kluwer’s CCH Tagetik corporate performance management (CPM) solution for supporting large financial transformations.
The EY- CCH Tagetik collaboration is expected to deliver comprehensive support to large financial transformations by including a wider range of digitally enabled services on a single platform for financial data and operational planning.
The intuitive interface, built-in financial intelligence, and automated workflows of the CPM solution are said to enable teams to efficiently complete usual finance processes.
Wolters Kluwer CCH Tagetik senior vice president and general manager Ralf Gaertner said: “The continued expansion of our strategic alliance with EY underscores the Wolters Kluwer commitment to bringing the full value of our extensive portfolio of solutions and services to advance our clients’ global strategies and goals.
“By combining the comprehensive CCH Tagetik platform with EY’s deep financial sector expertise, we can support EY in its commitment to build a better working world by helping businesses drive growth, efficiency, and productivity.”
CCH Tagetik is claimed to deliver shortened financial close cycle, productivity enhancements, and improved benefits from automation in CPM cloud tools.
Compliance process is also said to be made simpler by the pre-built solutions that address key financial regulations.
CCH Tagetik has been used by EY’s businesses in Italy and Belgium and the company anticipates expanding the use of the technology to other international markets.
EY US data and analytics finance partner Taylor Adams said: “Our use of the Wolters Kluwer CCH Tagetik expert solution positions EY teams to play an invaluable role in driving the speed and efficiency of our client’s financial transformation initiatives.
“Together, we will make great strides in leading the automation of workflows that integrate financial, strategic, and operational goals and drive improved business outcomes.”
Recently, EY acquired an Australia-based management consulting firm Bridge Business Consulting for an undisclosed price. The management consulting firm offers services that are said to cover the entire data and analytics value chain.