Wolters Kluwer is a global entity specializing in professional data, application solutions, and services. The company targets sectors such as healthcare, taxation and accounting, corporate and financial compliance, legal and regulation, along with corporate performance and ESG. Wolters Kluwer's central role is to assist its clients in making essential judgements daily, delivering expert solutions that harmoniously blend specialized technology, services, and extensive domain knowledge. The company maintains its operations in over 40 countries and serves customers in more than 180 nations. Wolters Kluwer is based in Alphen aan den Rijn, the Netherlands.
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- Strong consolidation engine including eliminations, intercompany matching, currency translation and ownership management. - High flexibility through dimensions, hierarchies and business rules that can adapt to complex financial models
Strong integration with actuals, forecasts, and consolidation. Ability to handle complex, multi-entity planning structures. Easy to build Excel based data entries
Tagetik can be managed without strong involvement of a dedicated IT expert. It allows us to transform consolidation and is very flexible allowed us to manage various changes of business model incl. restructuring in a very user-friendly way which enables us to prepare both external and internal financial reports very efficiently. Tagetik also increased the depth of analysis that finance teams can produce. In the meantime it is widely used across our Group in the areas beyond finance due to its supert data collecint and reporting capabilities including ease of new process deployment.
High complexity and a steep learning curve. Configuration, troubleshooting and enhancements require skilled consultants or experienced internal users The interface is functional but not intuitive, especially for occasional users involved only in closing or reporting Performance can degrade with complex models and many dimensions, requiring ongoing technical tuning Strong dependency on implementation quality. A bad initial design is expensive to fix later
Planning functionality feels rigid and overly technical. High effort required for model changes and enhancements. User experience is not well suited for business-led planning
limited standard data model