CCH Tagetik,
for finance teams that have outgrown the spreadsheet
Consolidation that keeps pace with every new company, currency and acquisition.
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Strategic Partner since 2008
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Certified Platinum Systems Implementor
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Country Awards Winner
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150+ CCH Tagetik Projects
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Leading AIH practitioners
Most groups don’t set out to buy a consolidation platform. It happens gradually, as each new company, currency or acquisition adds another tab and another manual journal to the workbook. The workbook still works, and it’s a credit to the people who built it, but over time it can come to rely on one person being available in the last week of every month.
That’s often the moment finance teams start looking for something better. Codestone helps you move to CCH Tagetik, a consolidation platform that shares the load across your team, handles every company, currency and ownership structure in one place, and keeps pace as your group grows. With our experience, the move feels smooth and well planned, and everyone can feel confident that the close will run well, month after month.
What is CCH Tagetik?
CCH Tagetik brings planning, consolidation, close and reporting together in one place, all working from a single set of numbers. It is built by Wolters Kluwer, the professional information business behind the CCH Tax and Accounting range, and it was designed for finance teams from the very beginning. It can handle the detailed work finance teams know well, including inter company matching, currency translation, ownership and minority interest, and the clear audit trail that auditors and regulators look for.
EPM suits organisations with real structural complexity: several companies, more than one currency, statutory obligations beyond a standard filing or a group structure that changes often enough that the reporting has to keep up.
CCH Tagetik brings planning, consolidation, close and reporting together in one place, all working from a single set of numbers. It is built by Wolters Kluwer, the professional information business behind the CCH Tax and Accounting range, and it was designed for finance teams from the very beginning. It can handle the detailed work finance teams know well, including inter company matching, currency translation, ownership and minority interest, and the clear audit trail that auditors and regulators look for.
EPM suits organisations with real structural complexity: several companies, more than one currency, statutory obligations beyond a standard filing or a group structure that changes often enough that the reporting has to keep up.
A close your whole team can rely on
With CCH Tagetik, your consolidation logic moves out of the workbook and into the system, where it’s applied consistently every period and stays in place however your team changes over time. Inter company balances are matched automatically, with any differences highlighted so they can be resolved quickly, and a clear audit trail builds naturally as part of the close, making audits simpler and more straightforward for everyone.
The time saved each month is a real benefit, but what finance teams often value most is the peace of mind. The close becomes calmer, more predictable and shared across the team, so everyone can approach month end with confidence.
Planning and forecasting
Budgeting, forecasting and scenario planning sit on the same platform as the actuals, so comparing plan with actual needs no reconciliation first. Models are driver-based, which means changing a volume, price or headcount assumption updates the whole forecast.
That changes the budget cycle more than people expect. Budget holders enter their numbers directly, with workflow and approvals built in, and a rolling forecast becomes practical once updating it no longer means rebuilding a spreadsheet. Headcount and capital spend can be planned in the same model, and once the period closes the board pack and the statutory disclosures draw on the same figures.
How it fits what you already have
CCH Tagetik sits above the transactional systems you already run, and you do not need to standardise your ERP first, which is the question most groups ask early. It takes data from SAP Business One, SAP S/4HANA, Microsoft Dynamics 365 Business Central and other finance systems, and from the spreadsheets that will realistically be around for a while yet.
SAP Business One · SAP S/4HANA · Microsoft Dynamics 365 Business Central
The integration work is usually the larger part of the effort, and the quality of your inter-company data sets the pace of the project. A platform this capable also rewards proper design. Move your current process across unchanged and you end up automating something that was not working in the first place.
How we've helped other finance teams
We’re proud of the difference CCH Tagetik has made for the organisations we work with, and Electricity North West is a great example of what’s possible when the right platform and the right partnership come together.
Electricity North West distributes power to more than five million customers. Their finance team was waiting around three hours to see posted data, as their legacy on premises platform had slowed under years of accumulated records. Working together, Codestone moved them to CCH Tagetik alongside a careful data cleanup, bringing that wait down to under 30 minutes, reducing historic data volume by about two thirds and automating the Ofgem reporting that had previously been done by hand every cycle. Stephen Neild, their finance systems business analyst, put it this way:
“The engagement and technical expertise we got from their team was absolutely key to the success of this project.”
Read the Electricity North West story
Millbrook Healthcare approached things differently. A £150 million group with around 150 business units ran inter-company reporting entirely in spreadsheets, and set out to bring group reporting from working day 20 to under 10. Their systems accountant, Adam Jenkinson, described the aim as making the process “more structured, accurate, and efficient”. Click below to find out how we achieved that.
Why Codestone
for CCH Tagetik
Codestone has been a Wolters Kluwer partner since 2008 and holds Certified Platinum Systems Integrator status, with more than 150 CCH Tagetik projects delivered and a 98% project success rate. What that experience buys you is familiarity with the handful of ways consolidation designs go wrong, because we have seen most of them. After go-live we support the platform and the systems that feed it, so when a figure looks wrong you have one team to call. That support covers upgrades, the statutory release cycle and changes to the model as your group structure moves, and your own team can take on as much of the day-to-day running as it wants.
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CCH Tagetik, from SME to Large Enterprise
We have more than 15 years of experience delivering successful CCH Tagetik projects to clients across the world. We work with the Office of the CFO in some of the leading FTSE 250 companies in the world. We do not just implement systems, but we understand process, change, and the nuances required for the Office of the CFO to be successful.
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Certified Platinum Systems Integrator + Certified Accountants
We have been recognised for our achievements and are a Certified Platinum partner and Country Awards winner, with qualified CCH Tagetik developers, accountants & Business Intelligence experts. More so, all our consultants are certified Accountants (or training to be so).
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Tried-and-Tested Project Methodology and Reporting Best Practices
We have delivered 150+ projects across CCH Tagetik Consolidation and Budgeting/ Planning Projects, including IFRS 16 and IFRS17 engagements. The combination of lessons learned, best practices and robust project methodology ensures project success. Our 98% project success rate is testament to this.
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Change Management and Continuous Value Realisation
Beyond systems implementation, we ensure maximum adoption and continuous consumption value through our Change Management for CCH Tagetik offering. In addition, we offer Prospect Workshops, Health Checks and Clinics, and Customer Communities.
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Solution Roadmap Influencer for Customers
As the first CCH Tagetik UK partner with a demonstratable track record, we contribute to the continuing solution development and optimisation to ensure that our customers’ needs of today and tomorrow are heard and roadmapped into the solution.
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Microsoft Power BI Integration
Codestone delivers Power BI integration for CCH Tagetik solutions. Templated dashboards and bespoke, unique visualisations extend Tagetik's reach with scalable and secure access across the platform.
Features
Planning faster decisions
with CCH Tagetik
Streamline your financial close & consolidation, regulatory compliance and planning.
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Integrated Finance
A single data repository. Integrate corporate data into a single solution. Unify plans, forecasts, disclosure, reports, and analysis. Streamline the financial close process by centralising data into a single solution.
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Empower Finance Teams
The latest in Cloud, in-memory databases, and mobile tech. Break down large datasets and complex processes to get you the insights you need fast.
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Built for Finance
Armed with financial intelligence, in-built double-entry capability, currency translation, compliance functionality and more. Reduce risk, shorten consolidation & close, and improve decision-making.
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Optimise Finance Strategy
Align finance with business operations. Compare different processes, models, and scenarios. Improve collaboration with stakeholders. Link business decisions directly with financial outcomes.
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Smart Self-Service
Easy to learn and easy to use. CCH Tagetik has a simple and intuitive interface. Dashboards, reporting tools, and visualisations, empower employees with confidence.
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A Cloud Solution
CCH Tagetik is a multi-tenant Cloud solution. Users enjoy full functionality, security, scalability, and compliance. Rest easy, knowing your corporate data is safe and secure in a platform that you will never outgrow.
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Platform Integration
Integrate with existing systems, such as ERP, CRM, BI and more. Turn corporate data and business analytics into actionable insights. Lead with better and more accurate strategic decision making.
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Promoting Accountability
Detailed audit trails improve traceability, governance, and compliance.
ESG
CCH Tagetik Environmental, Social and Governance
Sustainability Performance Management
Meet compliance requirements and evolving regulations with CCH® Tagetik Environmental Social and Governance & Sustainability Performance Management. The pre-built and configurable expert solution gives you the data intelligence to drive long-term sustainable growth, whilst also going beyond complying with ESG reporting requirements by embedding your ESG KPIs with your financial and operation plans. This means you’re armed to make better decisions and combat risk – from climate to reputational. See how you can start your ESG journey today and contact us.
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Governance and Reporting
Gain accuracy and control in your ESG reporting with immediate updates when frameworks and regulations change, with pre-defined configurable workflows that you can manage at the entity, subsidiary, and group level. Separate responsibilities at the department level. Reconcile at the group level. Create ESG charts, tables, and narratives for illustrative annual reports with a Content Data Model (CDM).
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CCH Tagetik Data Management
Simplify and automatically connect data from different sources at different levels of granularity and across multiple levels. Comply easily with pre-built data models and data entry forms for ESG reporting frameworks. Validate the collected data immediately.
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Strategic Planning
Automation means less time doing data entry, elimination, and consolidation. More time driving better decisions and strategy. CCH Tagetik fosters a vibrant user community, where finance professionals connect to share insights.
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KPI Monitoring & Disclosure Management
Facilitate all of your compliance with ESG reporting frameworks through KPI monitoring and KPI disclosures. Pre-configured KPIs and dashboards like: Global Reporting Initiative (GRI), EU taxonomy, and Sustainability Accounting Standards Board (SASB).
IFRS 16 Lease Accounting
CCH Tagetik Lease Accounting is a pre-configured starter kit,
formulated for IFRS 16.
CCH Tagetik Lease Accounting is a pre-configured starter kit that provides you with all the functionality to create a centralised repository for lessee, lessor, and sublease information and process lease data of all types – including real estate, fleet, equipment and more. To learn more about how IFRS 16 affects you, contact us.
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Simpler Calculation
Pre-configured data and lease calculation models make compliance easy. CCH Tagetik makes it simple to input lease information, assets, and more. Exemptions are listed and adjusted for IFRS 16. Financial information can be visualised to show impact on the balance sheet in different scenarios empowering decision-making.
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Lease Data
CCH Tagetik creates a data library dedicated to IFRS 16 and other reporting requirements. A single source of truth lets you calculate, report, and disclose accurately with reduced risk. Integration with Qlik Sense and Microsoft BI solutions get you the insights you need. Confidence in numbers empowers planning.
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Out-of-the-box
CCH Tagetik IFRS 16 comes compliant and ready to get value. Preconfigured calculations, workflow, modelling tools, let you easily manage varied lease types. Calculate right of use assets, and liabilities. Calculate depreciation and interest expenses.
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Seamless Integration
Import and export data from any source. CCH Tagetik integrates with all systems, like CCH Tagetik CPM and non-CCH Tagetik systems, minimising disruption, and driving success. Simplify the data review process and promote improved data management.
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Modelling and Calculation Engine
With CCH Tagetik’s calculation engine and the power of analytics, you can process and calculate large volumes of data quickly. Flexible modelling allows you to easily configure and maintain calculation logic and rules with a Finance-friendly interface to stay compliant.
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Disclosure and Reporting
Data is consistent, easy to analyse, and report while complying to IFRS 16 disclosure rules. Extract financial statements, board books, regulatory submissions without delay. Rest easy knowing numbers are accurate and auditable. CCH Tagetik's commitment to its user community ensures that the platform evolves in response to the needs of finance professionals.
Common questions
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Is CCH Tagetik only for consolidation?
No. Consolidation is the usual starting point because that is where the pain is sharpest, but planning, forecasting, regulatory reporting and disclosure management all run on the same data. Using it for consolidation alone leaves most of what you have paid for idle.
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Is our group large enough for it?
Complexity decides it more than size. A £40 million group with several companies, two currencies and a statutory obligation often has a stronger case than a much larger single-company business. If your consolidation lives in a workbook only one person can maintain, you are large enough.
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How long does an implementation take?
It depends mostly on how many finance systems feed the consolidation and how clean your inter-company balances are, so we scope both before committing to a date. A group on a single ERP with tidy inter-company matching moves quickly. Four ledgers and years of manual adjustments take longer.
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Do we have to move off our existing ERP?
No. It reads from the ledgers you already run, including several different ERPs at once, which is often why a group with a mixed set of finance systems chooses it.
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Who maintains the model afterwards?
Whoever you decide, and it is worth settling at design. Many finance teams run the day-to-day model themselves and call us for structural change, and we would like your team to be able to add a cost centre without us.
