Wolters Kluwer has announced the successful go live of the CCH Tagetik Corporate Performance Management platform at Longcheer, a global leader in intelligent products and services. The implementation establishes a unified, finance-driven digital platform spanning group consolidation, financial planning and analysis, and management reporting, enabling Longcheer to transition from fragmented, manual processes to an integrated, intelligent operating model.
CCH Tagetik implementation at Longcheer accelerates financial close by 33% (from 6 to 4 days).
Reduces manual consolidation workload by 80%, improving accuracy and efficiency.
Enables real-time management reporting and ~10% improvement in forecast accuracy.
Supports multi-GAAP reporting (IFRS and local standards) for dual-listed enterprise.
Provides strategy-to-execution performance management with scenario modeling.
Longcheer operates across 40 legal entities and multiple geographies.
As a rapidly expanding, dual-listed global enterprise on A-share and H-share markets, operating across 40 legal entities and multiple geographies, Longcheer faced increasing complexity in financial consolidation, data management, and operational analysis. Disconnected systems, manual processes, and evolving compliance requirements limited efficiency and visibility. Wolters Kluwer implemented CCH Tagetik to unify financial data, standardize processes, and support multi-GAAP reporting within a single, scalable platform. The solution integrates data across systems and enables real-time access to consistent, reliable financial insights.
With CCH Tagetik fully deployed, Longcheer has achieved significant, quantifiable results: 33% faster financial close, reducing cycle time from 6 to 4 days; 80% reduction in manual consolidation workload, improving accuracy and efficiency; real-time management reporting, eliminating reporting delays and data inconsistencies; ~10% improvement in forecast accuracy through rolling forecasts and scenario modeling; and full compliance with IFRS and local GAAP, supporting dual-listing requirements. These improvements provide a strong foundation for data-driven decision-making, enhanced audit readiness, and enterprise-wide performance visibility.
Beyond close and reporting, CCH Tagetik enables Longcheer to connect strategic planning, budgeting, forecasting, and operational execution within a single platform. Through advanced modeling and scenario simulation, management can assess the financial impact of market changes, such as price fluctuations, FX movements, and supply chain dynamics, in real time.
"Longcheer's transformation highlights how finance can evolve from a transactional function into a strategic driver of value. With CCH Tagetik, the organization now has a unified, trusted data foundation that supports faster close cycles, deeper insights and a true end-to-end 'strategy to execution' management approach," said Michael Chung, General Manager of CCH Tagetik Greater China at Wolters Kluwer.
"As our business expanded, we faced growing challenges in budgeting, forecasting and operational analysis. With CCH Tagetik, we've built an end-to-end finance platform that connects strategy to execution, transforming financial data into forward-looking insight and enabling stronger control, visibility and sustainable global growth," said Zhen Zhen Wu, Financial Director from Longcheer.
About Wolters Kluwer
Wolters Kluwer is a global leader in information solutions, software and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2025 annual revenues of €6.1 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,100 people worldwide.
