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Yahoo
30-05-2025
- Business
- Yahoo
Finance leaders plan sixfold increase in agentic AI: Wolters Kluwer
Wolters Kluwer has released survey findings highlighting the adoption, future plans, and drivers of artificial intelligence (AI) in the finance sector. The survey indicates that while 6% of finance leaders currently use agentic AI, 38% plan to adopt it within the next 12 months, leading to 44% utilisation by 2026, a 600% surge. Economic volatility has prompted 67% of finance leaders to use AI for the first time in Financial Planning & Analysis (FP&A). Additionally, 14% plan to increase AI adoption due to the current economic climate, and 8% intend to maintain their AI usage levels. Regarding team resources, 33% of respondents are considering hiring new members to manage economic volatility, while 24% are contemplating restructuring. However, 22% of finance leaders acknowledge lacking optimal team resources but are unable to implement changes. AI skills are deemed crucial by 85% of finance leaders when recruiting for their finance function, with 11% viewing these skills as essential. Data readiness is identified by 44% of respondents as a primary driver for increasing AI adoption. To facilitate this transition, Wolters Kluwer has introduced a Learning Hub to enhance AI fluency and data proficiency among finance professionals, aiming to optimise technology and boost productivity. Increasing accuracy and reducing human error are cited by 40% of finance leaders as key advantages of AI adoption, while 36% highlight efficiency and productivity gains. In terms of efficiency, 42% of respondents expect to save 10% of working time (26 days) through AI usage in the next year, allowing for a greater focus on strategic outputs. Additionally, 24% anticipate a 20% timesaving (52 days), and 22% expect a 5% timesaving (13 days). Wolters Kluwer Corporate Performance & ESG CEO Karen Abramson said: 'At Wolters Kluwer, we are committed to continuous innovation for the office of the CFO. Last year, we launched the market's first AI-powered corporate performance management platform - the CCH Tagetik Intelligent Platform with Ask AI. 'We have evolved Ask AI to an embedded super agent; it now mobilises cutting-edge agentic technology across multiple use cases, including responding to voice commands in multiple languages, drilling into data without the need for IT skills, and testing assumptions and running analysis. Agentic AI represents an evolutionary leap in how finance leaders operate.' The survey, conducted with 392 finance leaders on 21 May 2025, took place during CCH Tagetik inTouch25, an annual conference on corporate performance management innovation. Earlier in 2025, Wolters Kluwer released a study on accounting and taxation trends. "Finance leaders plan sixfold increase in agentic AI: Wolters Kluwer " was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
New survey from Wolters Kluwer reveals finance leaders plan to increase agentic AI adoption by 6x in next 12 months
NEW YORK, May 28, 2025--(BUSINESS WIRE)--Wolters Kluwer, a global leader in professional information, software solutions, and services, has released compelling survey findings on the current levels of adoption, future plans and key drivers related to Artificial Intelligence (AI) in the office of the CFO. The survey shows that while 6% of finance leaders are currently employing agentic AI, a further 38% intend to adopt agentic AI in the next 12 months. With 44% of finance teams set to be using agentic AI in 2026, this represents an increase of over 600%. Karen Abramson, CEO of Wolters Kluwer Corporate Performance & ESG, said: "At Wolters Kluwer, we are committed to continuous innovation for the office of the CFO. Last year, we launched the market's first AI-powered corporate performance management platform - the CCH Tagetik Intelligent Platform with Ask AI. We have evolved Ask AI to an embedded super agent; it now mobilizes cutting-edge agentic technology across multiple use cases, including responding to voice commands in multiple languages, drilling into data without the need for IT skills, and testing assumptions and running analysis. Agentic AI represents an evolutionary leap in how finance leaders operate." Additional survey findings and announcements from CCH Tagetik inTouch 25: Finance leaders turn to AI and new hires to manage economic volatility As a result of economic volatility, 67% of finance leaders reported that they would be using AI for the first time for Financial Planning & Analysis (FP&A). A further 14% of respondents plan to increase their AI adoption due to current economic volatility, and 8% plan to continue their AI usage. When looking at team resources and structure, 33% of respondents said they will consider hiring new team members to manage economic volatility, with 24% considering restructuring. Notably, 22% of finance leaders shared that they did not have the optimum team resources and structure but were unable to make changes. Unlocking the potential of AI through hiring and data readiness The survey showed that 85% of finance leaders would consider AI skills as important when recruiting for their finance function, with 11% considering AI skills to be of essential importance. 44% of respondents identified data readiness as the key driver for increasing AI adoption. 25% highlighted the need for AI-powered corporate performance management (CPM) technologies and 23% cited the need for AI training. To support this shift, Wolters Kluwer has launched a dedicated Learning Hub designed to help finance professionals build skills including greater AI fluency and data proficiency – empowering them to optimise our innovative technology and drive productivity. Efficiency and accuracy, the key advantages of AI adoption 40% of finance leaders cited increasing accuracy and reducing human error as the key advantage of AI adoption, with 36% identifying efficiency and productivity gains as the primary benefit. Focusing on efficiency and productivity, 42% of respondents reported they expected to save 10% of working time (26 days) through AI usage in the next 12 months, enabling a greater focus on strategic outputs. 24% expected to see timesaving of 20% (52 working days) and 22% expected to save 5% (13 working days). To help facilitate higher productivity in familiar tools, Wolters Kluwer has launched a new Excel 365-based experience within its Intelligent Analytics solution. This new capability evolves the widely used cell-based retrieval approach, providing the necessary comfort for users coming from SmartView or similar tools. The add-in is designed to accelerate productivity for finance teams without disrupting the way they work. What makes it stand out is the seamless integration of Ask AI, which enhances the experience with natural language interaction: users can now pull data from CCH Tagetik and shape analysis-ready visualizations as needed. The award-winning, AI-powered CCH® Tagetik Intelligent Platform digitally transforms the efficiency, accuracy, and strategic ability of the Office of the CFO. At the heart of this evolution is Ask AI—an emerging super agent that embodies Agentic AI with a Finance Brain™. Designed to address finance-specific needs, Ask AI supports a growing range of use cases: from self-service analytics through natural language–driven data exploration and visualization, to tasks execution with diagnostic checks for financial close and consolidation, and intelligent assistance in configuring data transformation processes. The survey was conducted with 392 finance leaders on May 21, 2025, during CCH Tagetik inTouch25, an annual conference focused on innovation in corporate performance management. 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. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit follow us on LinkedIn, Facebook, YouTube and Instagram. View source version on Contacts Media Contact Sarah WhybrowAssociate Director, External CommunicationsCorporate Performance & ESGWolters KluwerMob: +44 7855 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28-05-2025
- Business
- Business Wire
New survey from Wolters Kluwer reveals finance leaders plan to increase agentic AI adoption by 6x in next 12 months
NEW YORK--(BUSINESS WIRE)--Wolters Kluwer, a global leader in professional information, software solutions, and services, has released compelling survey findings on the current levels of adoption, future plans and key drivers related to Artificial Intelligence (AI) in the office of the CFO. The survey shows that while 6% of finance leaders are currently employing agentic AI, a further 38% intend to adopt agentic AI in the next 12 months. With 44% of finance teams set to be using agentic AI in 2026, this represents an increase of over 600%. Karen Abramson, CEO of Wolters Kluwer Corporate Performance & ESG, said: 'At Wolters Kluwer, we are committed to continuous innovation for the office of the CFO. Last year, we launched the market's first AI-powered corporate performance management platform - the CCH Tagetik Intelligent Platform with Ask AI. We have evolved Ask AI to an embedded super agent; it now mobilizes cutting-edge agentic technology across multiple use cases, including responding to voice commands in multiple languages, drilling into data without the need for IT skills, and testing assumptions and running analysis. Agentic AI represents an evolutionary leap in how finance leaders operate.' Additional survey findings and announcements from CCH Tagetik inTouch 25: Finance leaders turn to AI and new hires to manage economic volatility As a result of economic volatility, 67% of finance leaders reported that they would be using AI for the first time for Financial Planning & Analysis (FP&A). A further 14% of respondents plan to increase their AI adoption due to current economic volatility, and 8% plan to continue their AI usage. When looking at team resources and structure, 33% of respondents said they will consider hiring new team members to manage economic volatility, with 24% considering restructuring. Notably, 22% of finance leaders shared that they did not have the optimum team resources and structure but were unable to make changes. Unlocking the potential of AI through hiring and data readiness The survey showed that 85% of finance leaders would consider AI skills as important when recruiting for their finance function, with 11% considering AI skills to be of essential importance. 44% of respondents identified data readiness as the key driver for increasing AI adoption. 25% highlighted the need for AI-powered corporate performance management (CPM) technologies and 23% cited the need for AI training. To support this shift, Wolters Kluwer has launched a dedicated Learning Hub designed to help finance professionals build skills including greater AI fluency and data proficiency – empowering them to optimise our innovative technology and drive productivity. Efficiency and accuracy, the key advantages of AI adoption 40% of finance leaders cited increasing accuracy and reducing human error as the key advantage of AI adoption, with 36% identifying efficiency and productivity gains as the primary benefit. Focusing on efficiency and productivity, 42% of respondents reported they expected to save 10% of working time (26 days) through AI usage in the next 12 months, enabling a greater focus on strategic outputs. 24% expected to see timesaving of 20% (52 working days) and 22% expected to save 5% (13 working days). To help facilitate higher productivity in familiar tools, Wolters Kluwer has launched a new Excel 365-based experience within its Intelligent Analytics solution. This new capability evolves the widely used cell-based retrieval approach, providing the necessary comfort for users coming from SmartView or similar tools. The add-in is designed to accelerate productivity for finance teams without disrupting the way they work. What makes it stand out is the seamless integration of Ask AI, which enhances the experience with natural language interaction: users can now pull data from CCH Tagetik and shape analysis-ready visualizations as needed. The award-winning, AI-powered CCH® Tagetik Intelligent Platform digitally transforms the efficiency, accuracy, and strategic ability of the Office of the CFO. At the heart of this evolution is Ask AI —an emerging super agent that embodies Agentic AI with a Finance Brain™. Designed to address finance-specific needs, Ask AI supports a growing range of use cases: from self-service analytics through natural language–driven data exploration and visualization, to tasks execution with diagnostic checks for financial close and consolidation, and intelligent assistance in configuring data transformation processes. The survey was conducted with 392 finance leaders on May 21, 2025, during CCH Tagetik inTouch25, an annual conference focused on innovation in corporate performance management. 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. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit follow us on LinkedIn, Facebook, YouTube and Instagram.
Business Wire
06-05-2025
- Business
- Business Wire
Wolters Kluwer CCH® Tagetik Intelligent Platform honored in 2025 American Business Awards®
NEW YORK--(BUSINESS WIRE)--Wolters Kluwer, a global leader in professional information, software solutions and services, today announced that its AI-powered CCH® Tagetik Intelligent Platform has been named as the Silver Stevie® Winner in the Artificial Intelligence/ Machine Learning Solution - Financial category of the 2025 American Business Awards®. The AI-powered CCH® Tagetik Intelligent Platform digitally transforms the efficiency, accuracy, and strategic ability of the Office of the CFO. Its state-of-the-art AI and GenAI functionality empowers finance professionals to democratize access to meaningful financial data, manage and control massive datasets with unprecedented speed and automation, unlock hidden insights and expedite decision making. Karen Abramson, CEO of Wolters Kluwer Corporate Performance & ESG, said: 'We are committed to product excellence and innovation, and we are honored that Wolters Kluwer has been acknowledged as a Silver Stevie Winner for the CCH Tagetik Intelligent Platform. Our advanced AI-powered platform enables CFOs to unlock the answers they need from their data in a fraction of the time to make better informed, faster, strategic decisions. We focus on anticipating emerging market trends and responding with solutions that support CFO's current and future needs.' The American Business Awards are the U.S.A.'s premier business awards program. More than 3,600 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories. More than 250 professionals worldwide participated in the judging process to select this year's Stevie Award winners. The announcement of this award win follows the launch of the AI-powered CCH Tagetik Intelligent Platform in May 2024. The platform enables global finance leaders to automate all financial processes, including financial close and consolidation, extended planning and analysis, ESG & regulatory reporting, corporate tax, statutory and management reporting, integrated disclosure and intelligent analytics. Wolters Kluwer Corporate Performance Management (CPM) business unit is part of the Wolters Kluwer Corporate Performance & ESG (CP & ESG) division. The division is the world's leading provider of integrated software solutions for EHS, ESG, Corporate Performance Management and Audit and Assurance. Through innovative technology and unique expertise, Wolters Kluwer CP & ESG enables business leaders to make informed, strategic decisions driving transformation, performance and risk management for a sustainable and resilient world. 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. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit follow us on LinkedIn, Facebook, YouTube and Instagram.
Yahoo
01-04-2025
- Business
- Yahoo
Wolters Kluwer recognized as a Leader in 2025 Gartner® Magic Quadrant™ for Financial Close and Consolidation Solutions
NEW YORK, April 01, 2025--(BUSINESS WIRE)--Wolters Kluwer, a global leader in professional information, software solutions, and services, today announced that it has been named as a Leader in the 2025 Gartner® Magic Quadrant™ for Financial Close and Consolidation Solutions | Wolters Kluwer for its CCH® Tagetik Intelligent Platform. Karen Abramson, CEO of Wolters Kluwer Corporate Performance & ESG, said: "It is an honor to be named by Gartner as a Leader for the Financial Close and Consolidation capabilities offered through the CCH Tagetik Intelligent Platform. We believe this recognition is testament to our consistent commitment to product excellence and innovation. We are focused on empowering CFOs to drive digital transformation, manage complex global requirements, and connect enterprise-wide insights to deliver growth and navigate change." The recognition follows the launch of the CCH® Tagetik Intelligent Platform, integrating advanced AI capabilities to improve efficiency, accuracy, and strategic decision-making for the Office of the CFO. The CCH Tagetik Financial Close & Consolidation solution augments the scope, speed, and accuracy of the financial close. This includes extending financial close technology to cover new operational dimensions and close-adjacent processes, including account reconciliation, ESG, global minimum tax and integrated disclosure. Advanced AI and GenAI are integrated to power close and consolidation processes giving much-needed accuracy and speed to transaction matching, outlier detection, and insights for strategic-decision making. Gartner delivers actionable, objective insight to executives and their teams. Its expert guidance and tools enable faster, smarter decisions and stronger performance on an organization's mission-critical priorities. A Magic Quadrant helps you quickly ascertain how well technology providers are executing their stated visions and how well they are performing against Gartner's market view. Wolters Kluwer Corporate Performance Management (CPM) business unit is part of the Wolters Kluwer Corporate Performance & ESG (CP & ESG) division. The division is the world's leading provider of integrated software solutions for EHS, ESG, Corporate Performance Management and Audit and Assurance. Through innovative technology and unique expertise, Wolters Kluwer CP & ESG solutions enable business leaders to drive financial and sustainability performance, manage risks, meet reporting requirements, improve safety and productivity, and reduce environmental impact. For more information about Wolters Kluwer, please visit: Download the 2025 Gartner® Magic Quadrant™ for Financial Close and Consolidation Solutions | 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. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit follow us on LinkedIn, Facebook, YouTube and Instagram. About Gartner Gartner, Magic Quadrant for Financial Close and Consolidation Solutions, Jeffrin Francis, Nisha Bhandare, Renata Viana, Permjeet Gale, 25 March 2025 GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. View source version on Contacts Media Contact Sarah WhybrowAssociate Director, External CommunicationsCorporate Performance & ESGWolters KluwerMob: +44 7855
