EDF adopts Wolters Kluwer CCH® Tagetik expert solution to support digital transformation

 Wolters Kluwer, the global technology firm, has announced that Electricité de France (EDF) will implement CCH Tagetik Budgeting, Planning, & Forecasting software to strengthen its financial accounting standards and help support its digital transformation. 

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,” Wolters Kluwer said in a statement.

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.” 

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.” 

Just last week Wolters Kluwer’s CCH® Tagetik Corporate Performance Management (CPM) solution was recognized for helping enterprises drive strategy with comprehensive extended planning, financial close, and regulatory reporting. The financial technology solution has been recognized as Leader for the third consecutive year in the Nucleus Research CPM Technology Value Matrix. The report specifically recognizes the CCH® Tagetik Corporate Performance Management (CPM) solution, which empowers the office of the CFO to drive efficiency and enhance decision-making.