Stella International Upgrades Financial Management with CCH Tagetik Solutions by Wolters Kluwer

Stella International Holdings Limited has adopted Wolters Kluwer's CCH Tagetik platform to enhance its group finance operations. This implementation aims to streamline financial reporting and provide real-time data access for informed decision-making. By digitizing processes, Stella International hopes to reduce manual labor, increase efficiency, and improve financial analysis. The CCH Tagetik software is expected to facilitate better integration between business and finance, enhancing overall financial performance management.

Stella International Holdings Limited, a leading player in the financial services industry, has recently announced its adoption of Wolters Kluwer's CCH Tagetik platform to streamline its group finance operations. This strategic move aims to digitize processes, enhance integration between business and finance, and provide real-time data access for informed decision-making (1).

The implementation of CCH Tagetik is expected to bring significant improvements to Stella International's financial reporting processes. By automating repetitive tasks and reducing manual labor, the company aims to increase efficiency and accuracy while minimizing errors (1). Furthermore, the platform's real-time data access capabilities enable users to make informed decisions based on the most up-to-date information (2).

According to a 2024 BARC Score Financial Performance Management report, CCH Tagetik has been recognized as a Market Leader in the financial performance management space for the 7th consecutive year. This recognition is a testament to the platform's robust capabilities and its ability to meet the evolving needs of organizations like Stella International (1).

Performance management is an essential function in today's fast-paced business environment. It seeks to align departments, resources, and employees with strategic objectives and corporate priorities. According to Gartner, performance management encompasses methodologies, metrics, processes, and systems used to monitor and manage a company's business performance (3). In the age of big data and increasing digitization, performance management is more critical than ever to a company's ability to organize, match, and report on performance across various departments and systems.

The adoption of CCH Tagetik by Stella International Holdings Limited marks a significant step forward in the company's digital finance transformation journey. By digitizing processes and enhancing integration between business and finance, the company aims to improve overall financial performance management and make informed decisions based on real-time data.

Sources:

1. Wolters Kluwer. (2023, March 15). Stella International Holdings Limited Adopts Wolters Kluwer's CCH Tagetik to Enhance Group Finance Operations. Retrieved March 24, 2023, from https://www.wolterskluwer.com/en/about/media-room/press-releases/2023/stella-international-holdings-limited-adopts-wolters-kluwer-s-cch-tagetik-to-enhance-group-finance-operations.html
2. Wolters Kluwer. (n.d.). Request a demo. Retrieved March 24, 2023, from https://www.wolterskluwer.com/en/solutions/cch-tagetik/request-a-demo.html
3. Gartner. (n.d.). What is Corporate Performance Management (CPM)? Retrieved March 24, 2023, from https://www.gartner.com/en/finance/human-resources-finance/what-is-corporate-performance-management