4 July 2023
The collaboration brings CCH Tagetik, a cutting-edge corporate performance management solution, to streamline financial processes and empower informed decision-making.
In a significant move towards strengthening its presence in Southeast Asia, Wolters Kluwer, a global leader in professional information, software solutions, and services, has announced a groundbreaking technology collaboration with NTT Data Locus Telecommunication, a leading system integrator (SI) provider in Thailand.
The collaboration aims to fuel Wolters Kluwer’s market expansion strategy in the region by leveraging the expertise of NTT Data Locus Telecommunication. As part of this collaboration, NTT Data Locus Telecommunication will deploy CCH Tagetik, an innovative corporate performance management (CPM) solution developed by Wolters Kluwer. This cutting-edge solution will assist NTT Data Locus Telecommunication’s clients in streamlining and enhancing their financial processes, empowering them to make quicker and more informed decisions.
NTT Data Locus Telecommunication has played a crucial role in providing implementation support to CCH Tagetik customers in meeting the requirements of IFRS 17. Now, with the extended collaboration, NTT Data Locus Telecommunication will also provide support to customers seeking to leverage CCH Tagetik for finance and ESG (Environmental, Social, and Governance) reporting and analysis, thereby facilitating their digital transformation journey.
CCH Tagetik’s expert solution surpasses traditional CPM capabilities by integrating financial and operational data onto a unified and intelligent platform. This advanced solution seamlessly integrates with existing technologies, resulting in streamlined financial processes for organizations.
Jasmine Teo, Southeast Asia Senior Business Manager of CCH Tagetik at Wolters Kluwer, expressed her enthusiasm about the collaboration, stating, “We are excited to continue collaborating with NTT Data Locus Telecommunication to expand our reach and capture new market opportunities in Thailand, thanks to their strong local presence in this region. Together, we will drive business growth and create value for our customers by helping them leverage CCH Tagetik to enhance and digitally transform their finance and ESG reporting and performance.”
Taveechai Apichainimitdee, Executive Vice President and Head of Business Unit, Locus an NTT Data Company, highlighted the increasing need for more sophisticated and efficient technologies to meet complex reporting and compliance requirements, as well as to handle vast amounts of financial and operational data. Apichainimitdee stated, “The functionality offered by CCH Tagetik effectively addresses these requirements. We are excited to collaborate with CCH Tagetik to bring this transformative offering to our customers in Thailand.”
This collaboration between Wolters Kluwer and NTT Data Locus Telecommunication signifies a powerful synergy in the pursuit of technological advancements in finance and ESG reporting and analysis. It is poised to provide organizations in Thailand with the tools they need to thrive in an increasingly data-driven and digitally transformative landscape.