CCH Tagetik accelerates the financial close by 45%, enabling faster insights, stronger governance and more agile decision making across a global enterprise
BEIJING--(BUSINESS WIRE)--Wolters Kluwer, a global leader in professional information, software solutions and services, today announced the successful completion and full golive of a two-phase platform for Segway-Ninebot, a global leader in electric personal mobility.
The implementation marks a significant milestone in Segway-Ninebot’s digital transformation journey, establishing a unified CPM foundation for statutory consolidation, management reporting, budgeting and forecasting. By replacing fragmented, manual processes with an automated, intelligent operating model, the company has significantly strengthened global financial governance, enhanced analytical capabilities and enabled faster, more confident decision-making.
Meeting the challenges of global expansion: CCH Tagetik sets a new standard for unified statutory and management reporting
As Segway-Ninebot expanded into a multinational organization with more than 50 legal entities worldwide, its financial management environment had become increasingly complex. Multiple SAP instances across China and overseas, additional non-SAP accounting systems, inconsistent master data standards and heavily manual statutory reporting processes created operational inefficiencies and reconciliation challenges.
Limited reporting frequency and gaps between management and statutory views further constrained visibility and control.
To address these challenges, Wolters Kluwer leveraged its deep expertise in global financial performance management to deliver a single, integrated CPM platform built on CCH Tagetik. The solution spans four core modules: statutory consolidation, management reporting, annual budgeting and rolling forecasting, and is powered by robust direct SAP connectivity and advanced integration capabilities.
By breaking down data silos and standardizing processes across geographies, accounting standards and currencies, the platform enables seamless automated data integration and a consistent, reliable financial data foundation.
Delivering measurable impact: A 45% faster close cycle and greater business agility
Implemented in two carefully managed phases and deeply integrated with more than ten surrounding systems, the CCH Tagetik platform has delivered tangible, enterprise-wide benefits, most notably a 45% reduction in the financial close cycle.
Through automated data collection, cleansing and consolidation, Segway-Ninebot has dramatically accelerated reporting timelines:
- Entity level close: T+1
- Group statutory consolidation: T+3
- Management reporting: T+4
- End-to-end value chain reporting: T+5
The platform also processes nearly 10 million business data records annually, enabling detailed end-to-end cost tracing and profitability analysis by SKU and customer. Complex unrealized profit eliminations are now automated, significantly improving accuracy and transparency.
A single source of truth for finance and business
Beyond speed, the project established a standardized global financebusiness operating model. Wolters Kluwer supported Segway-Ninebot in aligning master data management standards and unifying accounting practices across 15 entities, ensuring strong consistency between statutory and management reporting.
The solution further enables closed loop performance management by connecting annual budgeting and rolling forecasts with shared services and in process expense control. This integrated approach provides dynamic forecasting capabilities and tighter cost governance, helping management respond more effectively to changing market conditions.
Michael Chung, Greater China General Manager of CCH Tagetik Greater at Wolters Kluwer, said: “Segway-Ninebot is an outstanding example of a globally minded technology innovator, and we are honoured to support its transformation. By addressing the complexity of its global operating model, CCH Tagetik demonstrated clear strengths in multi-GAAP compliance, high volume data processing and sophisticated modelling. The result is a solid, trusted data foundation that enables faster closes, deeper insights and stronger global decision making.”
Yang Hu, IT Director, Segway-Ninebot, said: “As our business expanded globally, we faced persistent challenges around efficiency and data consistency across statutory consolidation, management reporting, budgeting and forecasting. By building a unified finance and management platform on CCH Tagetik, we successfully automated integration across multiple systems worldwide. The 45% reduction in our financial close cycle is a standout achievement, freeing our teams to focus on insight rather than reconciliation, while significantly improving the accuracy and reliability of profitability analysis and performance management.”
Looking ahead
Wolters Kluwer will continue to support Segway-Ninebot as it deepens adoption of the CCH Tagetik platform. The next phase of collaboration will focus on advanced data quality analysis, optimization of global operations and maintenance processes, and exploration of sophisticated use cases such as product lifecycle management models. Through continued innovation, Wolters Kluwer aims to help Segway-Ninebot sustain its competitive advantage in an increasingly complex global market.
About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in information solutions, software 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 2025 annual revenues of €6.1 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,100 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, Euro Stoxx 50, 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).
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