EDF adopts Wolters Kluwer CCH Tagetik for improved financial accounting

By Gloria Methri

Dutch technology firm Wolters Kluwer has announced that Electricité de France (EDF) is about to implement CCH Tagetik Budgeting, Planning & Forecasting software to strengthen its financial accounting standards.

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.”

Wolters Kluwer CCH Tagetik Budgeting, Planning, and Forecasting software allows companies to go beyond basic planning by connecting granular financial and operational data. With CCH Tagetik, EDF will create more accurate forecasts and anticipate change with increased agility.

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. The aim is 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 costs through a single platform.”

Wolters Kluwer (WKL) is a specialist in professional information, and software solutions for healthcare; tax and accounting; governance, risk, and compliance; legal and regulatory sectors. It helps customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.