CCH Tagetik accelerates financial close by 33%, reduces manual workload by 80%, and enables end‑to‑end strategy‑to‑execution performance management
Wolters Kluwer, a global leader in professional information, software solutions and services, announced the successful go live of the CCH® Tagetik Corporate Performance Management (CPM) platform at Longcheer, a global leader in intelligent products and services.
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The implementation establishes a unified, finance driven digital platform spanning group consolidation, financial planning and analysis (FP&A), and management reporting, enabling Longcheer to transition from fragmented, manual processes to an integrated, intelligent operating model that supports faster decision making and stronger governance.
Addressing complexity with a unified CPM platform
As a rapidly expanding, dual-listed global enterprise on A-share and H-share markets, operating across 40 legal entities and multiple geographies, Longcheer faced increasing complexity in financial consolidation, data management and operational analysis. Disconnected systems, manual processes and evolving compliance requirements limited efficiency and visibility.
Wolters Kluwer implemented CCH Tagetik to unify financial data, standardize processes and support multi‑GAAP reporting (IFRS and local standards) within a single, scalable platform. The solution integrates data across systems and enables real‑time access to consistent, reliable financial insights.
Delivering measurable impact across finance operations
With CCH Tagetik fully deployed, Longcheer has achieved significant, quantifiable results:
- 33% faster financial close, reducing cycle time from 6 to 4 days
- 80% reduction in manual consolidation workload, improving accuracy and efficiency
- Real‑time management reporting, eliminating reporting delays and data inconsistencies
- ~10% improvement in forecast accuracy through rolling forecasts and scenario modeling
- Full compliance with IFRS and local GAAP, supporting dual‑listing requirements
These improvements provide a strong foundation for data‑driven decision‑making, enhanced audit readiness, and enterprise‑wide performance visibility.
Enabling strategy‑to‑execution performance management
Beyond close and reporting, CCH Tagetik enables Longcheer to connect strategic planning, budgeting, forecasting and operational execution within a single platform. Through advanced modeling and scenario simulation, management can assess the financial impact of market changes, such as price fluctuations, FX movements and supply chain dynamics, in real time.
Michael Chung, General Manager of CCH Tagetik Greater China at Wolters Kluwer, said: “Longcheer’s transformation highlights how finance can evolve from a transactional function into a strategic driver of value. With CCH Tagetik, the organization now has a unified, trusted data foundation that supports faster close cycles, deeper insights and a true end to end ‘strategy to execution’ management approach.”
Zhen Zhen Wu, Financial Director from Longcheer added: “As our business expanded, we faced growing challenges in budgeting, forecasting and operational analysis. With CCH Tagetik, we’ve built an end‑to‑end finance platform that connects strategy to execution, transforming financial data into forward‑looking insight and enabling stronger control, visibility and sustainable global growth.”
Longcheer now has a unified CPM foundation in place. Moving forward, Wolters Kluwer will extend CPM capabilities, including deeper analytical use cases, enhanced profitability analysis and the exploration of AI-driven insights to further strengthen decision-making and operational agility.
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