Credit Europe Group NL implements Wolters Kluwer CCH Tagetik Solution for Consolidation, Budgeting & Planning, and Collaborative Office

Credit Europe Group NL selects CCH Tagetik after thorough competitive replacement

STAMFORD, Connecticut and LUCCA, Italy, Oct. 17, 2019 /PRNewswire/ -- October 17^th, 2019- CCH Tagetik, part of Wolters Kluwer Tax & Accounting, a global provider of market-leading software solutions and information services for finance professionals has implemented a suite of CCH Tagetik modules and processes to replace the legacy planning system at Credit Europe Group NL, part of Fiba Group.

Credit Europe Group NL selected CCH Tagetik via consultancy partner Fintra EPM. Credit Europe Group NL was seeking the flexibility to address strategic aims mainly in consolidation, budgeting planning and collaborative office. Credit Europe Group NL belongs to Fiba Group, who also had a very positive experience using CCH Tagetik for its Consolidation and Collaborative Office process implemented in 2015 as a first step towards replacing their legacy system.

"We selected CCH Tagetik because it addresses the need for modernization of our reporting environment. CCH Tagetik is an extremely flexible product that is great for pulling together financial data for the purposes of budgeting, consolidation, disclosure and performance management. By reducing time spent on process administration and data validation, CCH Tagetik will allow us more time for in-depth analysis and will drive reporting that creates value to its users. In addition, the commitment and dedication of Ahmet Korkmaz and Fintra EPM for the implementation of CCH Tagetik affected our decision in a positive way." said Sevinc Osmanova, Head of Financial Control, Accounting and Regulatory Reporting, Credit Europe Group NL.

Headquartered in the Netherlands, Credit Europe Group NL operates 49 branches, 108 ATMs and around 8,480 point of sale terminals. The Bank has 1.183 employees in 9 countries. About 900,000 customers around the world entrust their financial affairs to Credit Europe Bank.

The processes selected by Credit Europe Group NL are: Consolidation, Budgeting and Planning and Collaborative Office Starter. These will be applied to: annual reporting; budget modelling; consolidation of budget data; financial consolidation and reporting and management consolidation.

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.

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