Information services company Wolters Kluwer launched its AI-powered CCH® Tagetik Intelligent Platform, designed to digitally transform the efficiency, accuracy, and strategic ability of the office of the chief financial officer.
According to a press release, the state-of-the-art AI functionality in CCH® Tagetik Intelligent Platform empowers finance professionals to democratise access to meaningful financial data, manage and control massive datasets with unprecedented speed and automation, unlock hidden insights, and improve and expedite decision making.
The platform’s new AI-enabled capabilities include:
- Ask AI, the new “GenAI ally” from CCH® Tagetik, is a central focus of this week’s CCH® Tagetik inTouch Global User Conference. This innovative functionality, integrated into the CCH® Tagetik Intelligent Platform, enables users to receive real-time, visual responses to text- and voice-based natural language queries. Wolters Kluwer estimates that, like other generative AI solutions, Ask AI will drive efficiencies enabling users to spend ten times more resource on value-adding activities including analytics, decision support and innovation.
- Intelligent Analytics enables self-service reporting, analytics, dashboarding and visualisation. The engine allows users to access data in a new way – rapidly searching through organized information sets to quickly uncover accurate answers to everyday business questions.
- AI Automapping accelerates data collection and ensures data governance, while new AI Anomaly Detection ensures data integrity by automatically identifying outliers and flagging unusual or abnormal data patterns.
- Intelligent Disclosure dynamically integrates financial, non-financial, and ESG consolidated numbers with narratives into data-linked reports. This assures finance and business teams that any document, including annual filings, board books, and management presentations, is always accurate.
- AI Driver-Based Analysis helps users analyze large swaths of data more quickly to identify key business drivers and exponential growth areas.
These new AI capabilities build on existing AI features of CCH® Tagetik, like Predictive Intelligence and Transaction Matching, which already empower users to create explainable, insight-driven predictive forecasts, accelerate data reconciliation and improve decision making.
