Latest news with #CorporatePerformanceManagement
Yahoo
2 days ago
- Business
- Yahoo
AARO Joins Forces with Aico & Mercur to Form Unified and Complete Financial Corporate Performance SaaS Platform; Michael Teixeira Named Group CEO
STOCKHOLM, July 14, 2025 /PRNewswire/ -- Accel-KKR, a global technology-focused investment firm, today announced the successful closing of AARO, a leading provider of Corporate Performance Management (CPM) solutions, and bringing together AARO with financial software providers, Aico and Mercur. This marks a significant milestone in the formation of a unified company focused on delivering the most comprehensive, unified SaaS platform for finance and performance management in EMEA for the Office of the CFO. To lead this newly formed group, Accel-KKR has appointed Michael Teixeira as Group Chief Executive Officer. Michael brings extensive leadership experience in scaling high-growth technology companies and will guide the strategic vision and growth of the combined entity. A Transformative Merger for Financial Leadership The combined entity of AARO together with Aico and Mercur cements its category leadership in EMEA, bringing together deep expertise across the financial close, planning and reporting spectrum: Aico: Automates and streamlines financial close processes. Mercur: Powers xP&A, budgeting, forecasting, business intelligence and financial analytics. AARO: Provides enterprise-grade consolidation and group reporting solutions. Together, they create a powerful unified SaaS platform for finance and performance management that empowers finance and executive leaders with automation, compliance and actionable insights, supporting faster decision-making, enhanced governance and enterprise-wide visibility. "This is more than a corporate merger; it's a strategic unification," says Michael Teixeira, Group CEO. "By bringing together AARO, Aico and Mercur, we're creating a unified, integrated cloud solution that supports CFOs across the entire value chain; from Record to Report through Consolidation and Reporting to XP&A, Budgeting, Forecasting and Analysis and from local transaction-close to consolidated group-level reporting. This positions us uniquely to serve the needs of growing enterprises across the EMEA region." Market Reach and Customer Impact Operating across the Nordics, UK, Ireland, BENELUX, DACH and Middle East & Africa, the combined company now powers finance operations for thousands of mid-market and enterprise customers with deep regional support and expertise. Key benefits to customers will include: A unified SaaS platform for the Office of the CFO: A seamless cloud solution that supports the entire finance function across Record to Report, from local transaction-close to group-level consolidation, including consolidation, budgeting, forecasting, XP&A, and performance reporting. Increased accuracy and efficiency: AI-powered automation reduces manual effort, minimises risk and improves data integrity across financial close, consolidation and reporting. Unified user experience: An integrated platform that reduces system complexity and improves ease of use for finance teams. Ongoing innovation: Enhanced capabilities driven by the combined expertise of global product and engineering teams focused on solving challenges for the Office of the CFO. Future-ready scalability: A robust, modular solution that grows with the organisation's needs, whether expanding across entities, geographies or compliance regimes. Configurability: SaaS software that is highly adaptable to enterprise clients' complex environments, thereby removing the barrier to integrate with core systems, improving efficiency and reducing data silos. Strategic Backing and Regional Scale The merger follows Accel-KKR's investment in Aico and Mercur, and now the acquisition of AARO, reinforcing the firm's long-term commitment to building a category-leading financial cloud software suite. "Our investment in Aico, Mercur and AARO stems from the vision to build a best-in-class, end-to-end SaaS financial platform," said Maurice Hernandez, Managing Director at Accel-KKR and Board Member. "By integrating three best-of-breed platforms under Michael's seasoned leadership, this fuels an ambitious expansion strategy across EMEA to create a powerhouse for the Office of the CFO," About AARO AARO provides Corporate Performance Management (CPM) software for group accounting, consolidation and financial reporting. Used by multinational companies, it supports IFRS and local GAAP standards. Finance teams rely on AARO to streamline complex reporting processes with precision and efficiency. The company was founded in 1989 and has employees in Sweden, Latvia, Kenya, the United Arab Emirates, UK, and Finland. Learn more at About Aico Group Aico is a financial close automation platform for mid-sized and enterprise companies. It enables faster, more accurate month-end reporting while ensuring compliance. Founded in 2019 in Finland, Aico serves leading European companies from offices in Finland, Germany, the UK and Latvia. Learn more at About Mercur Solutions Mercur Solutions provides Corporate Performance Management (CPM) software for budgeting, planning, forecasting and reporting. Its cloud-based platform, Mercur Business Control, empowers organisations with automation and insights. Headquartered in Sweden with a UK office, Mercur has supported financial leaders for 50 years. Learn more at About Accel-KKR Accel-KKR is a technology-focused investment firm with $23 billion in capital commitments. It partners with software and tech-enabled businesses to drive growth and value. Based in Menlo Park, with global offices, Accel-KKR invests across buyouts, minority stakes, carve-outs, and credit. Learn more at Photo - View original content to download multimedia: SOURCE Accel-KKR 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
Yahoo
11-06-2025
- Business
- Yahoo
Wolters Kluwer CCH® Tagetik Intelligent Platform honored in 2025 People's Choice Stevie® Awards for Favorite New AI
NEW YORK, June 11, 2025--(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 winner in the 2025 People's Choice Stevie® Awards for Favorite New Products in the AI – Financial category. The market's first AI-powered corporate performance management platform - the CCH Tagetik Intelligent Platform with Ask AI digitally transforms the efficiency, accuracy, and strategic ability of the Office of the CFO. Ask AI has now evolved to an embedded super agent and mobilizes cutting-edge agentic technology across multiple use cases, including responding to voice commands in multiple languages, executing tasks, testing assumptions and running analysis. Karen Abramson, CEO of Wolters Kluwer Corporate Performance & ESG, said: "Wolters Kluwer is honored to be recognized for the CCH® Tagetik Intelligent Platform in the 2025 People's Choice Stevie® Awards for Favorite New Products. Our AI-powered platform, with super agent Ask AI, empowers CFOs to unlock insights from their data, enabling faster, more strategic decision-making. We remain committed to product excellence and innovation, anticipating market trends and delivering solutions that meet the evolving needs of CFOs." The People's Choice Stevie® Awards for Favorite New Products are an annual feature of The American Business Awards®, the U.S.A.'s top business awards program, which is now in its 23rd year. The worldwide public vote was conducted in April and May, with the highest number of votes determining the winners in more than 50 product and service categories. More than 11,000 votes were cast. To win, a category's leading vote-getter had to have received at least 100 votes. CCH Tagetik Intelligent Platform with Ask AI enables global finance leaders to automate all financial processes, including financial close and consolidation, extended planning and analysis, ESG and regulatory reporting, corporate tax, statutory and management reporting, integrated disclosure, and intelligent analytics. 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. 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
11-06-2025
- Business
- Business Wire
Wolters Kluwer CCH® Tagetik Intelligent Platform honored in 2025 People's Choice Stevie® Awards for Favorite New AI
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 winner in the 2025 People's Choice Stevie® Awards for Favorite New Products in the AI – Financial category. The market's first AI-powered corporate performance management platform - the CCH Tagetik Intelligent Platform with Ask AI digitally transforms the efficiency, accuracy, and strategic ability of the Office of the CFO. Ask AI has now evolved to an embedded super agent and mobilizes cutting-edge agentic technology across multiple use cases, including responding to voice commands in multiple languages, executing tasks, testing assumptions and running analysis. Karen Abramson, CEO of Wolters Kluwer Corporate Performance & ESG, said: 'Wolters Kluwer is honored to be recognized for the CCH® Tagetik Intelligent Platform in the 2025 People's Choice Stevie® Awards for Favorite New Products. Our AI-powered platform, with super agent Ask AI, empowers CFOs to unlock insights from their data, enabling faster, more strategic decision-making. We remain committed to product excellence and innovation, anticipating market trends and delivering solutions that meet the evolving needs of CFOs.' The People's Choice Stevie® Awards for Favorite New Products are an annual feature of The American Business Awards®, the U.S.A.'s top business awards program, which is now in its 23rd year. The worldwide public vote was conducted in April and May, with the highest number of votes determining the winners in more than 50 product and service categories. More than 11,000 votes were cast. To win, a category's leading vote-getter had to have received at least 100 votes. CCH Tagetik Intelligent Platform with Ask AI enables global finance leaders to automate all financial processes, including financial close and consolidation, extended planning and analysis, ESG and regulatory reporting, corporate tax, statutory and management reporting, integrated disclosure, and intelligent analytics. 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.
