Mining the technology partner ecosystem to deliver value of Big Data to the CFO
How do you take existing software solution to the next level? As I wrote in my post Data is King, Software is Queen and Partnerships are Gold, it requires leaning on the strengths of King and Queen, but for revolutionary breakthroughs, companies must mine a little Partnership Gold.
Take Wolters Kluwer, CCH Tagetik, for example. The company, a unit of Wolters Kluwer, provides CFOs a Corporate Performance Management (CPM) solution to grow, manage, and protect their businesses . Wolters Kluwer wanted to further accelerate its CCH Tagetik application with powerful Big Data and analytics. They turned to technology partner ecosystem to revolutionize their software using the SAP HANA® business data platform.
CCH Tagetik management saw an opportunity to accelerate the digital transformation of its customers by deepening its partnership with SAP. The plan called for making SAP HANA and SAP Business Objects business intelligence solutions into components of the company’s CPM solution.
Moving the CCH Tagetik solution to SAP’s HANA improved performance by 3X. That faster processing is allowing busy CFOs to reduce planning cycles by 70% and accelerate closing processes 50%.
These improvements mean CCH Tagetik can now deploy its CPM software as an on-premise or cloud-based solution while delivering accelerated closing cycles. Advanced SAP HANA functions allow customers to have one data store for transaction processing (OLTP) and online analytical processing (OLAP) to deliver better insights to complex issues in record time.
Partnership Gold is helping Wolters Kluwer, CCH Tagetik to improve CPM for new and existing customers. To learn more, check out the complete case study at “Revolutionizing Corporate Performance Management.”