Budgyt vs. Wolters Kluwer CCH® Tagetik

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Budgyt
Score 8.9 out of 10
Mid-Size Companies (51-1,000 employees)
Budgyt is a platform made to simplify business budgeting. With built-in functions designed for data integrity, team collaboration, and scenario planning & analysis, Budgyt is presented as an optimized budgeting experience that rids users of complex, error-prone spreadsheets and the time-consuming upkeep they require. It provides users navigable dashboards, drill-downs through data hyperlinking, formulas built away from the user interface, and automatic consolidation. With…
$499
per month Departments
Wolters Kluwer CCH® Tagetik
Score 8.0 out of 10
N/A
Tagetik is a corporate performance management solution that unifies budgeting, financial planning, consolidation and management reporting. Tagetik is offered as SaaS, on a private cloud, or on-premise, and can migrate between deployments as needed.N/A
Pricing
BudgytWolters Kluwer CCH® Tagetik
Editions & Modules
Non-Profit - Easy
$399
per month 12-month annual subscription
For Profit - Easy
$499
per month 12-month annual subscription
Non-Profit - Plus
$799
per month 12-month annual subscription
For Profit - Plus
$899
per month 12-month annual subscription
Non-Profit - Pro
$1,299
per month 12-month annual subscription
For Profit - Pro
$1,399
per month 12-month annual subscription
No answers on this topic
Offerings
Pricing Offerings
BudgytWolters Kluwer CCH® Tagetik
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeRequiredNo setup fee
Additional DetailsMulti-Year discounts available.
More Pricing Information
Community Pulse
BudgytWolters Kluwer CCH® Tagetik
Top Pros
Top Cons
Features
BudgytWolters Kluwer CCH® Tagetik
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Budgyt
-
Ratings
Wolters Kluwer CCH® Tagetik
8.2
10 Ratings
4% above category average
Pixel Perfect reports00 Ratings8.07 Ratings
Customizable dashboards00 Ratings8.68 Ratings
Report Formatting Templates00 Ratings8.29 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Budgyt
-
Ratings
Wolters Kluwer CCH® Tagetik
8.2
21 Ratings
1% below category average
Drill-down analysis00 Ratings8.321 Ratings
Formatting capabilities00 Ratings8.421 Ratings
Integration with R or other statistical packages00 Ratings7.77 Ratings
Report sharing and collaboration00 Ratings8.313 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Budgyt
-
Ratings
Wolters Kluwer CCH® Tagetik
8.1
13 Ratings
1% below category average
Publish to Web00 Ratings8.49 Ratings
Publish to PDF00 Ratings8.212 Ratings
Report Versioning00 Ratings7.912 Ratings
Report Delivery Scheduling00 Ratings7.99 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Budgyt
-
Ratings
Wolters Kluwer CCH® Tagetik
8.4
7 Ratings
10% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings7.96 Ratings
Location Analytics / Geographic Visualization00 Ratings8.04 Ratings
Predictive Analytics00 Ratings8.86 Ratings
Pattern Recognition and Data Mining00 Ratings9.11 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Budgyt
-
Ratings
Wolters Kluwer CCH® Tagetik
8.3
20 Ratings
4% below category average
Multi-User Support (named login)00 Ratings8.820 Ratings
Role-Based Security Model00 Ratings8.419 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings8.220 Ratings
Report-Level Access Control00 Ratings7.93 Ratings
Single Sign-On (SSO)00 Ratings8.214 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Budgyt
-
Ratings
Wolters Kluwer CCH® Tagetik
6.8
9 Ratings
13% below category average
Responsive Design for Web Access00 Ratings5.98 Ratings
Dashboard / Report / Visualization Interactivity on Mobile00 Ratings7.76 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Budgyt
-
Ratings
Wolters Kluwer CCH® Tagetik
8.4
47 Ratings
1% above category average
Long-term financial planning00 Ratings8.333 Ratings
Financial budgeting00 Ratings8.241 Ratings
Forecasting00 Ratings8.638 Ratings
Scenario modeling00 Ratings8.133 Ratings
Management reporting00 Ratings8.745 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Budgyt
-
Ratings
Wolters Kluwer CCH® Tagetik
8.3
43 Ratings
4% above category average
Financial data consolidation00 Ratings8.937 Ratings
Journal entries and reports00 Ratings8.535 Ratings
Multi-currency management00 Ratings9.232 Ratings
Intercompany Eliminations00 Ratings8.535 Ratings
Minority Ownership00 Ratings6.728 Ratings
Local and consolidated reporting00 Ratings9.041 Ratings
Detailed Audit Trails00 Ratings7.533 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Budgyt
-
Ratings
Wolters Kluwer CCH® Tagetik
8.4
47 Ratings
3% above category average
Financial Statement Reporting00 Ratings9.039 Ratings
Management Reporting00 Ratings8.945 Ratings
Excel-based Reporting00 Ratings7.847 Ratings
Automated board and financial reporting00 Ratings8.132 Ratings
XBRL support for regulatory filing00 Ratings8.218 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Budgyt
-
Ratings
Wolters Kluwer CCH® Tagetik
8.0
31 Ratings
1% below category average
Personalized dashboards00 Ratings7.926 Ratings
Color-coded scorecards00 Ratings7.720 Ratings
KPIs00 Ratings8.524 Ratings
Cost and profitability analysis00 Ratings8.222 Ratings
Key Performance Indicator setting00 Ratings7.922 Ratings
Benchmarking with external data00 Ratings8.014 Ratings
Integration
Comparison of Integration features of Product A and Product B
Budgyt
-
Ratings
Wolters Kluwer CCH® Tagetik
8.3
44 Ratings
0% above category average
Flat file integration00 Ratings8.238 Ratings
Excel data integration00 Ratings9.042 Ratings
Direct links to 3rd-party data sources00 Ratings7.829 Ratings
Best Alternatives
BudgytWolters Kluwer CCH® Tagetik
Small Businesses
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MIP Fund Accounting
Score 8.7 out of 10
IBM Planning Analytics
IBM Planning Analytics
Score 8.2 out of 10
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Centage
Centage
Score 9.6 out of 10
Centage
Centage
Score 9.6 out of 10
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Oracle Fusion Cloud ERP
Score 7.7 out of 10
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Score 8.7 out of 10
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User Ratings
BudgytWolters Kluwer CCH® Tagetik
Likelihood to Recommend
8.9
(30 ratings)
8.3
(48 ratings)
Likelihood to Renew
9.1
(5 ratings)
8.3
(10 ratings)
Usability
8.8
(11 ratings)
8.2
(14 ratings)
Availability
-
(0 ratings)
7.3
(2 ratings)
Performance
-
(0 ratings)
9.1
(2 ratings)
Support Rating
8.6
(5 ratings)
10.0
(5 ratings)
In-Person Training
-
(0 ratings)
6.4
(2 ratings)
Online Training
-
(0 ratings)
8.2
(1 ratings)
Implementation Rating
9.1
(3 ratings)
6.4
(2 ratings)
Configurability
-
(0 ratings)
7.3
(1 ratings)
Product Scalability
9.0
(10 ratings)
9.1
(2 ratings)
Vendor post-sale
-
(0 ratings)
7.3
(2 ratings)
Vendor pre-sale
-
(0 ratings)
8.2
(2 ratings)
User Testimonials
BudgytWolters Kluwer CCH® Tagetik
Likelihood to Recommend
Budgyt
I'm sure that Budgyt would not be the most appropriate solution for large, complex organizations with numerous entities or overly complicated structures. Those org's likely have solutions within their ERPs or other sophisticated finance systems with budgeting/reporting capabilities that mirror Budgyt, making it redundant. However, for an easy, and relatively cheap solution to meeting those needs, as well as forecasting and analysis, I would recommend Budgyt to anyone with the need.
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Wolters Kluwer CCH® Tagetik
Scenarios where CCH Tagetik is suitable is when a company have large amounts of data and want to transform, consolidate, store and produce reporting in different year, period etc with complex calculations and allocation. Tagetik is the tool for you in this case and it's very flexible in terms of creating your own business rule, calculation and reporting options with a user friendly interface. I have not thought about scenarios where it is not appropriate to use tagetik yet as the tool covers small and large business financial needs
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Pros
Budgyt
  • Combining departments (components of an entity or a component of various entity's income statement) or isolating departments (small slivers) of an entity's income statement. We can look at specific departments of specific entities together, with ease.
  • Splicing / flipping reports into countless formats. Helpful for users of the financial statements that digest data/numbers differently than the financial accountants who prepare the numbers.
  • It is relatively easy to import data from our Jonas accounting program into Budgyt.
  • We've had prompt customer service when we've encountered issues and they were readily available during implementation.
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Wolters Kluwer CCH® Tagetik
  • Processes are clearly described in CCH Tagetik ; users can easily find where they are and which action they have to make
  • Interaction with Excel is really fluid ; the Excel add-in is easy to deploy and to updgrade, in the hand of users. It is reliable provided the internet connection is fast.
  • Managing hierachies is obvious in CCH Tagetik. Hierarchies are fundamental for a good reporting ; CCH Tagetik has obviously a deep experience of this feature.
  • SaaS : our experience with CCH Tagetik is of only 1 year, but it technically performs well, the system is reponsive, no shut-down, and updates (every quarter) do not disturb production.
  • AIH seems to be able to manage very large quantity of data, and to provide advanced analysis functionalities. We did not have time to explore them.
Read full review
Cons
Budgyt
  • Inside setting up HR forumlas, it should give more than one filter criteria.
  • Application got slow after putting the information of HR module and formuals, need to speed up.
  • Selection of multiple companies with different GLs can be an option where it is lacking.
  • Didn't see the multicurrency feature, can be a good add on.
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Wolters Kluwer CCH® Tagetik
  • Online help and manual is a bonus but could be improved e.g. the clarity of English explanations.
  • Improved Excel compatibility e.g. formula driven reporting and dash boarding.
  • Mobile phone connectivity e.g. launching a consolidation from a Wolters Kluwer CCH® Tagetik app.
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Likelihood to Renew
Budgyt
Our organization has increased our level of financial reporting and decreased the time it takes to build a budget with the Budgyt platform. Because our budget managers have access, it allows them a higher level of ownership for their areas.
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Wolters Kluwer CCH® Tagetik
Because in my oppinion Wolters Kluwer CCH Tagetik is one of the most usable tools for consolidation, planning (controlling) and reporting. Its usability is quite easy and innovative. I like the data entry method for the customers with its workflow and tasks, quite easy way to implement a co pilot. And i like the reporting tool, with a lot of customization opportunities.
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Usability
Budgyt
Has the spreadsheet feel without the clunky formulas. Prior years monthly numbers easily visible on the data sheet to compare with. Easily run various reports on the dashboard. Easy to clone/create new scenarios. Custom template to import GL detail the way want to see it. User friendly for non-finance managers to use. Options to add comments on data sheet. Approval process - easy of viewing what needs to be approved.
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Wolters Kluwer CCH® Tagetik
Surprisingly, this platform is a powerhouse ERP system. However, given time, when more and more organization is able to identify how powerful this tool can be, CCH Tagetik is able to stand as a competitive advantage to many of the Financial industry of today. Although, it needs time to understand the logic behind how CCH Tagetik is formed and setup, once it is known to the user, it is an easy day to day operations with minimal maintenance.
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Reliability and Availability
Budgyt
No answers on this topic
Wolters Kluwer CCH® Tagetik
CCH Tagetik has alwyas been there in case we need help. In almost 20 years of commercial relationship, I have no evidence of times in which they were not available to answer a question or to solve an issue linked to their products, timely and efficiently.
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Performance
Budgyt
No answers on this topic
Wolters Kluwer CCH® Tagetik
As you can see, speed depends on the applications but also on the hardware that runs them. As far as CCH Tagetik improved, we saw the benefit of a cloud-based solution which could solve many speed performance issues.
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Support Rating
Budgyt
During my first year of working within the budget software, I had to go through some training while trying to meet deadlines for meetings. The team at Budgyt was very accommodating and made sure I was equipped with the knowledge that I needed to be successful
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Wolters Kluwer CCH® Tagetik
I got very quick respons. After very little mail iterations, they decided to have online meeting to look together with me to the issue. They tried to solve it during the meeting. I had the impression that the customer care person really knew the system and was able to ask help from other colleagues when needed
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In-Person Training
Budgyt
No answers on this topic
Wolters Kluwer CCH® Tagetik
the training was not bad, but we got more training from working with the consultants. This because it is based on our system
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Online Training
Budgyt
No answers on this topic
Wolters Kluwer CCH® Tagetik
Online training is the only form of training we could deploy during the pandemic. This service has been nonethless delivered with the same standards and the same results of the traditional training procedures.
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Implementation Rating
Budgyt
We were fortunate to have the founder lead us through a video conference to teach our users how to use the system. Totally invaluable!
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Wolters Kluwer CCH® Tagetik
we did it in a coaching model. This allowed us to have 2 key advantages: we got to know the system very well and managed to save on the implementation cost. This worked well, was maybe a bit slower since we had to do this in our spare time. Nevertheless I strongly recommand
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Alternatives Considered
Budgyt
Forecaster was terrible. We switched from that. We looked at multiple products, either too expensive or not user-friendly. We switched 4 years ago. I do not recall the companies we visited back then. There are certainly more on the market now, but I have no interest in switching as our entire office loves the product.
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Wolters Kluwer CCH® Tagetik
I found the Excel piece of IBM Cognos TM1 to be easier to use than CCH Tagetik. It was much easier to customize the data being pulled and the feel of the reports because of that. Other than that, CCH Tagetik has been more user friendly than IBM Cognos TM1. Navigating within the application is much easier. IBM Cognos TM1 had a lot of issues with certain modules that could not be open concurrently; this would often lead to phantom data being entered in the system. I have not had these issues with CCH Tagetik.
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Scalability
Budgyt
Budget scenarios are amazing, when it comes to educational funding, were always having to pivot. Having multiple scenarios for financial planning is key to being economically sustainable. We can quickly add services or staffing based upon funding adjustments/projections and see if they will work in our current climate. This supports leaderships ability to make quicker decisions.
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Wolters Kluwer CCH® Tagetik
A good and performing scalability both on a geographical and a legal entity scale. The link with MS Office suite allows an easy deployment of the application, especially for contributors.
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Return on Investment
Budgyt
  • We have had better control on labor cost. The software has helped us project when we need to add new employees to handle our contact center volume.
  • Running different budget scenarios helped us navigate the impact of Covid on our business.
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Wolters Kluwer CCH® Tagetik
  • Gave us a tool that can absolutely grow with us to help multi phase implementations.
  • A significant time savings in terms of the amount of time we used to spend running reports vs. the time we spend now. Unbelievable improvement.
  • Gives us the option to use CCH Tagetik to solve business problems that perhaps we didn't have when we implemented CCH Tagetik. It gives us options without the possibility of implementing a whole other software package.
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ScreenShots

Budgyt Screenshots

Screenshot of DashboardScreenshot of Manage Scenarios (Budgets)Screenshot of Copy DataScreenshot of Data SheetScreenshot of Manage C2C's (Category to Category Formulas)

Wolters Kluwer CCH® Tagetik Screenshots

Screenshot of Homepage