Stella International Implements CCH Tagetik CPM Platform for Financial Transformation

Stella International Implements CCH Tagetik CPM Platform for Financial Transformation

(IN BRIEF) Stella International Holdings Limited has partnered with Wolters Kluwer to implement the CCH Tagetik Corporate Performance Management (CPM) software, aiming to digitally transform its finance operations. This strategic move replaces manual financial processes with automated budgeting, forecasting, and reporting capabilities. The CCH Tagetik platform enables real-time access to accurate financial data across Stella International’s business divisions, empowering leaders to make informed decisions swiftly. This transformation enhances efficiency, reduces labor costs, and improves forecast accuracy, enabling Stella International to focus on strategic financial insights and operational excellence.

(PRESS RELEASE) ESSEN, 2-Jul-2024 — /EuropaWire/ — Today, Wolters Kluwer, a global leader in professional information and software solutions, announced that Stella International Holdings Limited has adopted the CCH Tagetik Corporate Performance Management (CPM) software to revolutionize its group finance operations.

Michael Chung, Greater China Managing Director at CCH Tagetik, Wolters Kluwer, highlighted the platform’s role in Stella International’s digital transformation: “CCH Tagetik is tailored to support Stella International’s financial evolution, enhancing digital and financial processes while reducing time and labor costs. The platform integrates business and finance operations seamlessly, enabling Stella International to generate precise financial reports customized to each business division’s unique needs. This capability empowers leaders to make agile, well-informed decisions.”

Stella International, renowned for its premium footwear and leather goods manufactured across China and Southeast Asia, previously relied on manual financial methods. The adoption of CCH Tagetik replaces outdated practices with standardized, automated budgeting and forecasting processes. Real-time access to accurate financial data, previously hindered by manual reporting, now facilitates quicker decision-making across the organization.

Andy Tam, CFO of Stella International, emphasized the benefits of CCH Tagetik: “This robust financial intelligence platform streamlines our budgeting, reporting, and forecasting tasks, enabling our finance team to focus on strategic insights for decision support. By improving cost management and forecast accuracy, CCH Tagetik empowers our divisions to act swiftly and decisively.”

For more information on how Stella International is leveraging CCH Tagetik, visit Wolters Kluwer.

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions 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.

Media Contact:

Sarah Whybrow
Associate Director, External Communications
Corporate Performance & ESG
sarah.whybrow@wolterskluwer.com
+44 7855 186 173

SOURCE: Wolters Kluwer N.V.