BDO, Backo and Wolters Kluwer launch cooperation

BDO, Backo and Wolters Kluwer launch cooperation

The cooperation enables us to implement more comprehensive solutions for our customers' IFRS and ESG reporting needs. The solution helps Finnish growth companies streamline their financial reporting by providing them with not only strong expertise, but also a strategic financial management tool – and full support in its implementation.

BDO, one of the leading audit and advisory firms, Backo, a consulting firm specialized in group accounting and financial reporting, and Wolters Kluwer, a global leader in professional information, software solutions, and services, have joined forces to offer more comprehensive reporting services and strategic financial performance management and monitoring to Finnish growth companies.

Wolters Kluwer's CCH Tagetik® Corporate Performance Management (CPM) solution helps companies streamline and modernize their financial management, as well as implement reliable and high-quality sustainability reporting to meet constantly evolving ESG reporting regulations.

“The new cooperation enables us to combine the comprehensive CCH Tagetik® platform with BDO’s expertise within the Office of Finance. Our partnership will help Finnish companies drive growth, profit and efficiency, not to mention sustainability through our ESG solution. The partnership provides Wolters Kluwer with additional fuel to accelerate the rapid, global expansion of our comprehensive CCH® Tagetik platform. Together with BDO and Backo, we will deliver strong value in finance transformation projects.”, says James McEntee, Managing Director Northern Europe, Corporate Performance Management Solutions at Wolters Kluwer.

A comprehensive solution for reliable and high-quality reporting

For our clients, the cooperation is seen as a strengthened support team and complementing our expert services with a concrete tool. CCH Tagetik® offers one of the world's leading solutions for financial statement preparation, consolidation, reporting, and forecasting. It is also highly effective in supporting sustainability reporting, helping finance and operational departments plan their activities more efficiently, and enabling sustainability reports to be audited by implementing an audit trail.

"With this cooperation, we are better prepared to meet our customers' needs in times of change and increasing reporting requirements. For example, IPO projects and business combinations often involve examination of accounting principles while selecting and implementing new reporting and consolidation software. Together we create a team that can provide close to everything that is required for financial reporting and sustainability reporting combined into a smooth process for our clients. This would include subject matter expertise related to any reporting standards, software solution for reporting in practice and technical expertise to implement the software as well as continuous accounting and reporting support after the project" says BDO's IFRS Country Leader, Vesa Vuorinen.

"Backo, on the other hand, has extensive experience in setting up the CCH Tagetik® environment for organizations of different sizes for consolidation and planning. We can implement the software efficiently and act as technical support – in addition, we can offer monthly consolidation and reporting services as an alternative to the traditional group controller role," adds Ville Jakonen, founding partner and CEO of Backo Oy.