What users are saying about

Adaptive Insights

Top Rated
204 Ratings

CCH Tagetik

Top Rated
34 Ratings

Adaptive Insights

Top Rated
204 Ratings
Score 8.7 out of 101

CCH Tagetik

Top Rated
34 Ratings
Score 8 out of 101

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Likelihood to Recommend

Adaptive Insights

It is very helpful for budgeting and reporting. I love how easy it is to automate reports and presentations. It can be more difficult to plan specific activities. It feels more high-level than activity-level. It shows totals rather than individual transactions (either past or future transactions).
Mark McConkie profile photo

CCH Tagetik

Tagetik is well suited to a medium large company with many little (commercial) subsidiaries. It becomes less appropriate in smaller company, in my opinion.
No photo available

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Adaptive Insights
8.7
CCH Tagetik
7.4
Long-term financial planning
Adaptive Insights
8.9
CCH Tagetik
7.6
Financial budgeting
Adaptive Insights
8.9
CCH Tagetik
7.7
Forecasting
Adaptive Insights
9.1
CCH Tagetik
7.0
Scenario modeling
Adaptive Insights
8.3
CCH Tagetik
7.5
Management reporting
Adaptive Insights
8.2
CCH Tagetik
7.4

Consolidation and Close

Adaptive Insights
7.5
CCH Tagetik
7.6
Financial data consolidation
Adaptive Insights
7.9
CCH Tagetik
7.6
Journal entries and reports
Adaptive Insights
5.5
CCH Tagetik
7.5
Multi-currency management
Adaptive Insights
7.7
CCH Tagetik
7.9
Intercompany Eliminations
Adaptive Insights
7.5
CCH Tagetik
8.0
Minority Ownership
Adaptive Insights
7.0
CCH Tagetik
7.1
Local and consolidated reporting
Adaptive Insights
8.3
CCH Tagetik
7.4
Detailed Audit Trails
Adaptive Insights
8.6
CCH Tagetik
7.6

FInancial Reporting and Compliance

Adaptive Insights
8.3
CCH Tagetik
7.4
Financial Statement Reporting
Adaptive Insights
9.0
CCH Tagetik
7.0
Management Reporting
Adaptive Insights
8.6
CCH Tagetik
7.3
Excel-based Reporting
Adaptive Insights
8.5
CCH Tagetik
8.7
Automated board and financial reporting
Adaptive Insights
8.5
CCH Tagetik
7.0
XBRL support for regulatory filing
Adaptive Insights
6.9
CCH Tagetik
7.2

Analytics

Adaptive Insights
7.6
CCH Tagetik
7.1
Personalized dashboards
Adaptive Insights
7.3
CCH Tagetik
6.6
Color-coded scorecards
Adaptive Insights
6.8
CCH Tagetik
6.6
KPIs
Adaptive Insights
8.0
CCH Tagetik
7.2
Cost and profitability analysis
Adaptive Insights
8.1
CCH Tagetik
7.7
Key Performance Indicator setting
Adaptive Insights
8.1
CCH Tagetik
7.0
Benchmarking with external data
Adaptive Insights
7.3
CCH Tagetik
7.4

Integration

Adaptive Insights
8.6
CCH Tagetik
8.4
Flat file integration
Adaptive Insights
8.4
CCH Tagetik
9.3
Excel data integration
Adaptive Insights
8.8
CCH Tagetik
9.3
Direct links to 3rd-party data sources
Adaptive Insights
8.7
CCH Tagetik
6.7

Pros

  • Web-based system which eliminates the need to purchase new software. System is accessible anywhere as long as there is internet access.
  • Its features provide for good planning, budgeting, and forecasting.
  • The ability to create customized reports is a very nice touch - we are able to share this across our organization.
Jessalyn Ka profile photo
  • The reporting with use of Tagetik has become faster and more effective.
  • You can organize the report fitting the users needs.
  • The consolidation process works well.
  • A good thing is that the consolidator can follow step by step the data entry process of the subsidiaries.
No photo available

Cons

  • The layout of the various reporting options could be displayed in a more user-friendlier way. It's a bit difficult to locate where to find the reports.
  • I'm finding that the drill down feature from the monthly financials section is not as convenient as it should be.
  • The exporting to Excel or PDF format is a bit off - it's time consuming to manipulate the excel to a regular paper size.
Jessalyn Ka profile photo
  • We are on an older version, so some things may have changed, but some of the commands are in Italian, which can be a little frustrating (or an opportunity to learn a new language).
  • Non-financial directors have wished it to be a little more user friendly. I don't think it is a problem, but in order to be flexible users may have too many choices to make.
  • Formatting of reports (once again we are on an older version) could be easier.
John Torley profile photo

Likelihood to Renew

Adaptive Insights8.5
Based on 32 answers
We have renewed this a number of times. It fits our business model and it is now an integral part of our organization.
Harry Vasels profile photo
CCH Tagetik6.5
Based on 6 answers
The renewal of our use of Tagetik is stricly linked to the evolution of our reporting needs (especially those linked to compliance reasons). The implementation of new releases which could take benefit of state-of-the-art technologies (e.g. big data or mobile) could be done at a moderate pace in order to empower our user and make them confident about the potential and the performances of the platform.
Alessandro MANTINI profile photo

Usability

Adaptive Insights7.7
Based on 75 answers
Adaptive is very easy to use, but it requires some training to get comfortable with it.
Amy Kee, CPA profile photo
CCH Tagetik6.8
Based on 3 answers
Tagetik has a complex engine which could be easily managed by a web-based interface and an Excel .net macro which allows a quick learning of the application's main functions. Even everyday system maintenance is very easy to manage too, once you understand the underlying consolidation model. In wider terms, once you made the first configuration and you feed the data model, many annoying routines could be easily automated, with a great gain in terms of time spent on application maintenance.
Alessandro MANTINI profile photo

Reliability and Availability

Adaptive Insights9.1
Based on 9 answers
We can access Adaptive anytime 24/7 from any computer or laptop pc or Mac. They are committed to keep this product up to date and relevant
Harry Vasels profile photo
No score
No answers yet
No answers on this topic

Performance

Adaptive Insights9.1
Based on 4 answers
Product performs well when making and saving changes and navigating between pages within the application
Andrew Rosenberg profile photo
No score
No answers yet
No answers on this topic

Support

Adaptive Insights6.8
Based on 11 answers
Support requests are always handled promptly and resolved favourably.Many user support requests arise during initial deployment and use and often represent questions relating to best methods or how to approach their particular situation, which we gladly assist with as we provide the appropriate skills transfer training and assistance.As clients become more knowledgeable in working with the product suite then they tend not to ask many questions.
Greg Clarke profile photo
CCH Tagetik7.5
Based on 4 answers
Fast answers, solve problems, but with extra payment for assistance
No photo available

Online Training

Adaptive Insights8.2
Based on 6 answers
Training receives the highest rating due to the availability of Webex training from an expert at Adaptive, with several sessions tailored to specific features including personnel, capital, formulas, reporting, etc
Andrew Rosenberg profile photo
No score
No answers yet
No answers on this topic

Implementation

Adaptive Insights8.2
Based on 13 answers
In our experience the Adaptive Suite is quick and easy to deploy. Most implementations are facilitated in just a few weeks but may range depending on organisation complexity from say 2 to 12 weeks with only the very largest and most complex taking a little longer. When key stakeholders are properly engaged and the opportunities for skills transfer are exercised, we find that implementations proceed well and are delivered on time and to project budget
Greg Clarke profile photo
CCH Tagetik6.4
Based on 2 answers
Get a project manager and have someone on the team who knows your databases and systems inside and out.
Susan Heffern profile photo

Breadth of Deployment

It is used throughout the company in different divisions and at our corporate level. When used in a division recently the personnel from different departments directly inputted data and monitored their budget against actual. It is very user friendly and flexible.
Harry Vasels profile photo
No answers on this topic

Alternatives Considered

We did not go through a full-blown software selection process, nor have I used other products in the past. Previous to Adaptive, we used Management Reporter (formerly FRx, now part of Microsoft Dynamics GP) for our financial statements, and Excel for our budgeting. Adaptive is far superior to either of those.We pursued Adaptive mainly through word of mouth. When discussing the availability of products with other accounting professionals, it was clear Adaptive was becoming the industry leader for our company size. We had a demo of the product presented by them. Since we liked it so much, we decided to go with them even though we had not reviewed other products.
Jack Kersjes profile photo
Tagetik uses a Excel interface which makes it familiar but adds the benefits of a central database. At the time we were evaluating, we were also looking for a cost accounting system. We were not able to find one package that provided budgeting, forecasting, reporting and cost accounting at anywhere near the price.
John Torley profile photo

Collaboration and Sharing

Adaptive Insights7.5
Based on 17 answers
This is one of the best features as personnel in different areas at different sites can work together on the budget, forecast or "what-if" models.
Harry Vasels profile photo
No score
No answers yet
No answers on this topic

Data Integration

Adaptive Insights7.6
Based on 17 answers
We have used Adaptive for years and it works well as we adapt to changing business scenarios. We can make changes and see potential impacts to our business before they occur.
Harry Vasels profile photo
No score
No answers yet
No answers on this topic

Scalability

Adaptive Insights9.1
Based on 7 answers
Adaptive is the leader and is very progressive with the product improvements that they provide.
Gary Sabulski profile photo
No score
No answers yet
No answers on this topic

Return on Investment

  • Adaptive offers plenty of flexibility with what-if scenario modeling. It's very easy to save different versions of the plan/forecast and to control access rights to the versions. It's possible to hide versions from all users or to set them as read only.
  • Adaptive makes month end variance analysis very straightforward. Comparing actuals with budget/forecast is quite simple and efficient. It's easy to do a high-level comparison and then to do a deep dive where needed. Also, the budget managers can perform their own reviews simultaneously.
  • We've been using the software for 5 years and our budget/forecast cycles change all of the time. Adaptive offers the flexibility needed to create rolling forecasts that extend out several years. However, I wish that it was easier to roll forward historical results into future periods - there's a mix of actual/budget data that gets rolled forward and there's a lot of editing required to arrive at a baseline budget.
Jennifer Summitt profile photo
  • With the elimination of the need to distribute and collect budget worksheets and verify the calculations, Tagetik has allowed our limited financial staff more time to do analysis while creating the budget.
  • It is hard to put a return on investment on Tagetik. The price paid for the product has more than paid for itself in my opinion. However in our case, we have not directly attributed any reduction in cost or increased revenue to the product. It has allowed the finance staff to produce and analyze many new reports which has increased our productivity and value to the organization.
John Torley profile photo

Pricing Details

Adaptive Insights

General
Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional
1.  per seat, per installation
Additional Pricing Details

Adaptive Insights More Information

CCH Tagetik

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No
Additional Pricing Details

CCH Tagetik More Information