Catalyst, by EBM Software vs. Wolters Kluwer CCH® Tagetik

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Catalyst, by EBM Software
Score 7.8 out of 10
N/A
Catalyst from EBM Software in Minneapolis is a cloud-based business performance application suite, designed to provide an environment and workflow for understanding business profitability.N/A
Wolters Kluwer CCH® Tagetik
Score 8.6 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
Catalyst, by EBM SoftwareWolters Kluwer CCH® Tagetik
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Catalyst, by EBM SoftwareWolters Kluwer CCH® Tagetik
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeOptionalNo setup fee
Additional DetailsFlexible and tiered pricing structures available - monthly, 1-3-5- contracts, and more
More Pricing Information
Community Pulse
Catalyst, by EBM SoftwareWolters Kluwer CCH® Tagetik
Top Pros
Top Cons
Features
Catalyst, by EBM SoftwareWolters Kluwer CCH® Tagetik
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Catalyst, by EBM Software
7.1
2 Ratings
17% below category average
Wolters Kluwer CCH® Tagetik
8.3
8 Ratings
1% below category average
Customizable dashboards7.12 Ratings8.36 Ratings
Report Formatting Templates7.12 Ratings8.47 Ratings
Pixel Perfect reports00 Ratings8.15 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Catalyst, by EBM Software
7.7
2 Ratings
8% below category average
Wolters Kluwer CCH® Tagetik
7.9
19 Ratings
6% below category average
Drill-down analysis7.12 Ratings7.819 Ratings
Formatting capabilities8.02 Ratings8.119 Ratings
Report sharing and collaboration8.02 Ratings7.811 Ratings
Integration with R or other statistical packages00 Ratings7.97 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Catalyst, by EBM Software
8.0
2 Ratings
3% below category average
Wolters Kluwer CCH® Tagetik
8.3
11 Ratings
1% above category average
Publish to PDF7.92 Ratings8.310 Ratings
Report Delivery Scheduling8.01 Ratings8.38 Ratings
Publish to Web00 Ratings8.67 Ratings
Report Versioning00 Ratings8.010 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Catalyst, by EBM Software
7.7
1 Ratings
1% below category average
Wolters Kluwer CCH® Tagetik
8.2
7 Ratings
5% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)8.01 Ratings7.56 Ratings
Location Analytics / Geographic Visualization7.01 Ratings7.94 Ratings
Predictive Analytics8.01 Ratings8.36 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
Catalyst, by EBM Software
8.0
2 Ratings
9% below category average
Wolters Kluwer CCH® Tagetik
8.4
18 Ratings
4% below category average
Multi-User Support (named login)8.02 Ratings8.618 Ratings
Role-Based Security Model8.02 Ratings8.617 Ratings
Multiple Access Permission Levels (Create, Read, Delete)8.02 Ratings8.018 Ratings
Report-Level Access Control00 Ratings9.11 Ratings
Single Sign-On (SSO)00 Ratings7.613 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Catalyst, by EBM Software
8.0
2 Ratings
0% above category average
Wolters Kluwer CCH® Tagetik
7.7
8 Ratings
3% below category average
Responsive Design for Web Access8.02 Ratings7.47 Ratings
Dashboard / Report / Visualization Interactivity on Mobile8.02 Ratings7.95 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Catalyst, by EBM Software
8.0
2 Ratings
5% below category average
Wolters Kluwer CCH® Tagetik
7.8
45 Ratings
7% below category average
Long-term financial planning7.01 Ratings8.031 Ratings
Financial budgeting8.01 Ratings7.239 Ratings
Forecasting8.01 Ratings8.036 Ratings
Scenario modeling8.01 Ratings8.032 Ratings
Management reporting8.92 Ratings8.043 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Catalyst, by EBM Software
7.2
1 Ratings
12% below category average
Wolters Kluwer CCH® Tagetik
8.4
41 Ratings
3% above category average
Financial data consolidation9.01 Ratings9.435 Ratings
Journal entries and reports8.01 Ratings8.533 Ratings
Multi-currency management6.01 Ratings8.830 Ratings
Intercompany Eliminations5.01 Ratings9.033 Ratings
Minority Ownership7.01 Ratings8.626 Ratings
Local and consolidated reporting8.01 Ratings9.039 Ratings
Detailed Audit Trails00 Ratings5.931 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Catalyst, by EBM Software
8.0
1 Ratings
4% below category average
Wolters Kluwer CCH® Tagetik
8.3
45 Ratings
1% below category average
Financial Statement Reporting8.01 Ratings8.937 Ratings
Management Reporting9.01 Ratings8.943 Ratings
Excel-based Reporting7.01 Ratings7.445 Ratings
Automated board and financial reporting8.01 Ratings7.930 Ratings
XBRL support for regulatory filing00 Ratings8.317 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Catalyst, by EBM Software
7.2
2 Ratings
12% below category average
Wolters Kluwer CCH® Tagetik
7.1
29 Ratings
13% below category average
Personalized dashboards7.12 Ratings5.324 Ratings
Color-coded scorecards6.01 Ratings6.019 Ratings
KPIs7.01 Ratings8.022 Ratings
Cost and profitability analysis8.01 Ratings8.020 Ratings
Key Performance Indicator setting8.01 Ratings7.020 Ratings
Benchmarking with external data7.01 Ratings8.114 Ratings
Integration
Comparison of Integration features of Product A and Product B
Catalyst, by EBM Software
7.4
2 Ratings
13% below category average
Wolters Kluwer CCH® Tagetik
8.5
42 Ratings
1% above category average
Flat file integration8.01 Ratings8.536 Ratings
Excel data integration7.12 Ratings9.040 Ratings
Direct links to 3rd-party data sources7.12 Ratings8.027 Ratings
Best Alternatives
Catalyst, by EBM SoftwareWolters Kluwer CCH® Tagetik
Small Businesses
IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10
IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10
Medium-sized Companies
Cube
Cube
Score 9.0 out of 10
Cube
Cube
Score 9.0 out of 10
Enterprises
Anaplan
Anaplan
Score 8.8 out of 10
Anaplan
Anaplan
Score 8.8 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Catalyst, by EBM SoftwareWolters Kluwer CCH® Tagetik
Likelihood to Recommend
7.9
(2 ratings)
8.6
(46 ratings)
Likelihood to Renew
-
(0 ratings)
8.3
(10 ratings)
Usability
8.8
(2 ratings)
8.1
(14 ratings)
Availability
-
(0 ratings)
9.1
(1 ratings)
Performance
-
(0 ratings)
7.3
(1 ratings)
Support Rating
7.8
(2 ratings)
10.0
(5 ratings)
In-Person Training
-
(0 ratings)
8.2
(1 ratings)
Online Training
-
(0 ratings)
8.2
(1 ratings)
Implementation Rating
-
(0 ratings)
6.4
(2 ratings)
Product Scalability
-
(0 ratings)
8.2
(1 ratings)
Vendor post-sale
-
(0 ratings)
8.2
(1 ratings)
Vendor pre-sale
-
(0 ratings)
8.2
(1 ratings)
User Testimonials
Catalyst, by EBM SoftwareWolters Kluwer CCH® Tagetik
Likelihood to Recommend
EBM Software
[Catalyst, by EBM Software] is well suited to track invoices from vendors to get them paid on time to avoid late fees. [Catalyst, by EBM Software] is less appropriate when paying vendor because that is not a function they currently have. If the system was an all in one system that could track and pay your invoices it would be an amazing software.
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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
EBM Software
  • The GUI is easy to navigate on the iPad mini, which we use for charting.
  • The options are simple so there is very little room for mistakes.
  • Charting is easy and the setup allows for necessary fields that must be completed so charting stays uniform.
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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.
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Cons
EBM Software
  • The browser closes unexpectedly at times when refreshing the page and you get logged out
  • The incorrect vendor is chosen by Catalyst a few times
  • The Catalyst file is occasionally not placed on time in the folder
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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
EBM Software
No answers on this topic
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
EBM Software
Well.... when it works... it's good. When it doesn't it is very frustrating for our staff.
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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
EBM Software
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
EBM Software
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
EBM Software
The support for Catalyst is great and they are usually within the 48 hour response time. There could be a little quicker upload time for invoices that are submitted. They usually show up until the next day on the system and sometimes gives us a stress on time. Overall, the support is quite good
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Wolters Kluwer CCH® Tagetik
I have had the pleasure of attending some courses at the dutch offices of CCH Tagetik. These were very educational with excellent trainers, a very enjoyable accomodation and they helped me a lot with regards to starting to use CCH Tagetik.
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In-Person Training
EBM Software
No answers on this topic
Wolters Kluwer CCH® Tagetik
CCH Tagetik consultants are skilled, prepared and really helpful. They can also count on a network of external partners which we have also take advantage of.
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Online Training
EBM Software
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
EBM Software
No answers on this topic
Wolters Kluwer CCH® Tagetik
We had some change management issues that are still unresolved, but they were not caused by the application itself. As any other innovative and performing application CCH Tagetik requires a strong change of your actual mindset in order to achieve the requested results.
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Alternatives Considered
EBM Software
[Catalyst, by EBM Software] is a very easy system to use and is very user friendly. It gives you different ways of researching an invoice and not just one. Catalyst also helps to allow us to research an invoice within seconds and eliminates a lengthy and confusing process. It is a great software for first time users to learn quickly and efficiently.
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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
EBM Software
No answers on this topic
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
EBM Software
  • Catalyst is better than pencil and paper data analysis. But the app can be very frustrating when it's not working the way it did last week.
  • The GUI is very simple. Sometimes too simple, like there is no way to go back in and edit SOAP note options.
  • New feature roll-outs are mandatory. I understand that no one would opt in to being the guinea pig, but it would be nice if you weren't the first user to try it.
  • The integration with billing software has streamlined the billing notes and saved us money over having two separate systems.
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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

Wolters Kluwer CCH® Tagetik Screenshots

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