GUANGZHOU, China, May 23, 2023 /PRNewswire/ -- Wolters Kluwer, a global leader in professional information, software solutions, and services, today announced that Qdama Group has chosen CCH Tagetik Corporate Performance Management (CPM) software to help drive the digital transformation of its finance operations.

Qdama is a fast-growing fresh, agricultural produce service provider with 3,300 shops in 30 Chinese cities, serving more than 10 million households. Qdama will use the CCH Tagetik platform's award-winning, intuitive interface, built-in financial intelligence and automated workflows to empower its finance team to: 

• Complete everyday financial processes, faster, so they can focus on strategic goals
• Address major financial regulations and simplify compliance processes
• Improve productivity and reduce financial close cycle time
• Make faster and better-informed financial decisions

Bill Wang, CFO of Qdama, said:
"CCH Tagetik is a powerful strategic and financial intelligence platform that will help drive Qdama's continued growth by accelerating the development of a comprehensive budget management system, standardizing our accounting operations, enhancing business predictability and profitability analyses, and improving our business decision making."  

Qdama has selected HFGR, a Beijing-based consulting firm specializing in performance management and business intelligence solutions, as the implementation partner for this project.

Michael Chung, Greater China Managing Director, CCH Tagetik at Wolters Kluwer, said:
"The predictive intelligence and open architecture features of CCH Tagetik will help Qdama to accelerate its continued expansion throughout China by driving the digital transformation of its finance operations."

About Wolters Kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for 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 2021 annual revenues of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

For more information, visit www.wolterskluwer.com, and follow us on Twitter, Facebook, LinkedIn, and YouTube.

Source: CCH® Tagetik, Wolters Kluwer