back Back

Fosun Group taps Wolters Kluwer for budget management and reporting

By Delisha Fernandes

November 24, 2023

  • accounting services
  • Asset Management
  • digital intelligence
Share

Wolters KluwerWolters Kluwer has announced that Fosun Group has selected CCH Tagetik Corporate Performance Management (CPM) software to help drive the digital transformation of its group finance operations.

Michael Chung, Greater China Managing Director of CCH Tagetik at Wolters Kluwer, said, “CCH Tagetik is the ideal platform to support the Group’s continuous commitment to innovation, and will accelerate the company’s continued global expansion, by advancing the digital transformation of its business and finance processes. CCH Tagetik’s open architecture seamlessly integrates with the Group’s existing business and finance applications, and will empower Fosun Group to flexibly customize the platform to fulfill its unique business requirements.”

The finance team of Fosun Group is now working to streamline and digitally transform its accounting and budget performance management processes, with the use of CCH Tagetik. Fosun Group will use the CCH Tagetik CPM platform’s intuitive interface, built-in financial intelligence, and automated workflows to fulfill the following objectives:

  • Establish a standardized financial framework through digital construction.
  • Deliver timely and precise information to support innovation, international expansion, and in-depth industrial operations.
  • Enhance the efficiency of asset management and group-level accounting services, while advancing digital intelligence in financial operations and financial management.

Fosun Group has chosen PwC, an internationally renowned financial consulting service provider, as the implementation partner for this project.

“CCH Tagetik is a powerful, strategic financial intelligence platform, which integrates budgeting and management reporting,” said Tangchen Wu, Director of Financial Informatization Department, Fosun Group. “CCH Tagetik will empower Fosun Group to collect, analyze and report budget management data, in a way that supports operational growth, internal collaboration and strategic planning.”

Previous Article

November 24, 2023

Plumery chooses RegTech AMLYZE for anti-financial crime solutions

Read More
Next Article

November 24, 2023

FinTech Focus: Catch latest developments of the week

Read More






IBSi Daily News Analysis

UK, Bank

July 12, 2024

accounting services

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 12, 2024

SaaScada & Partes sign embedded finance partnership in Switzerland

Read More

July 12, 2024

Finastra completes new SIC instant payments readiness project

Read More

July 11, 2024

RAKBANK to enhance banking operations with Microsoft AI

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024