CCH Tagetik, part of Wolters Kluwer Tax & Accounting and a global provider of market-leading software solutions and information services for finance professionals, has concluded an agreement with Pernod Ricard. Pernod Ricard is the world’s number two wine & spirits group, specializing in production, marketing and distribution. As part of its finance digital transformation globally, Pernod Ricard will be using the CCH Tagetik solution to facilitate financial planning at group level and at 80+ affiliates around the world.
Pernod Ricard financial and operational teams will be able to manage all Corporate Performance Management (CPM) aspects from a single platform, providing more flexibility and agility in the processes. The scope of support includes, budgeting and reporting, profitability analysis, production cost planning and cash forecast. They will be using the CCH Tagetik finance transformation platform on SAP Hana technology; this will leverage the power of scaled calculations and benefit from a library of predictive analytics.
“We believe that the finance function needs to become faster, more flexible and forward-looking. A powerful CPM solution such as CCH Tagetik will be a key enabler of this transformation,” said Antonio Sanchez, SVP Global Finance Digital Transformation at Pernod Ricard.
“We have selected CCH Tagetik for our global planning and reporting requirements, to make these processes more integrated and efficient,” declared Marie Boëdec-Menard, Group Financial Control Director at Pernod Ricard.
“Pernod Ricard is undertaking a global digital transformation and we are proud they have chosen our CCH Tagetik expert solution to support their journey. Our mission is to help their business dynamics and make the project a success working all as a team and delivering tangible value for all stakeholders.” said Laurence Yvon, VP Regional Director France & UK at Wolters Kluwer, CCH Tagetik.
About Wolters Kluwer
Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services.
Wolters Kluwer reported 2018 annual revenues of €4.3 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,000 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY)