Wolters Kluwer announced that Fosun Group has selected CCH Tagetik Corporate Performance Management (CPM) software to help drive the digital transformation of its group finance operations. Established in 1992, Fosun has evolved into a global, innovation-driven family consumer industry group over three decades. Fosun Group encompasses four core businesses: Health, Happiness, Wealth, and Intelligence, all experiencing steady growth.

Health specializes in pharmaceuticals, medical devices, diagnostics, and health services; Happiness focuses on brand consumption, tourism, and culture; Wealth includes insurance and asset management; while Intelligence encompasses mineral resources, oil and gas, intelligent manufacturing, and high-tech industry expansion. In response to the company's rapid expansion, and to further promote its industrial operation, investment and digital strategies, Fosun Group's finance team is now working to streamline and digitally transform its accounting and budget performance management processes, with the use of CCH Tagetik. Fosun Group will use the CCH Tagetik CPM platform's intuitive interface, built-in financial intelligence, and automated workflows to fulfill the following objectives: Establish a standardized financial framework through digital construction.

Deliver timely and precise information to support innovation, international expansion, and in-depth industrial operations. Enhance the efficiency of asset management and group-level accounting services, while advancing digital intelligence in financial operations and financial management. Fosun Group has chosen PwC, an internationally renowned financial consulting service provider, as the implementation partner for this project.