Quantrix vs. Wolters Kluwer CCH® Tagetik

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Quantrix
Score 7.4 out of 10
N/A
Quantrix is designed to allow users to address the limitations and risks inherent to spreadsheets when developing business-critical models. According to the vendor, this solution offers unmatched capability for forecasting, planning, budgeting, risk modeling and visual analytics, and also allows users to develop ‘what if’ scenarios and model the financial and operational impact of business decisions. Additionally, the vendor says sharing insight is made easier through the creation of interactive…N/A
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
QuantrixWolters Kluwer CCH® Tagetik
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
QuantrixWolters Kluwer CCH® Tagetik
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsQuantrix Modeler is licensed on a per user subscription basis.
More Pricing Information
Community Pulse
QuantrixWolters Kluwer CCH® Tagetik
Top Pros
Top Cons
Features
QuantrixWolters Kluwer CCH® Tagetik
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Quantrix
9.3
12 Ratings
11% above category average
Wolters Kluwer CCH® Tagetik
8.4
46 Ratings
1% above category average
Long-term financial planning9.711 Ratings8.432 Ratings
Financial budgeting9.012 Ratings8.140 Ratings
Forecasting10.012 Ratings8.737 Ratings
Scenario modeling9.012 Ratings8.233 Ratings
Management reporting9.012 Ratings8.844 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Quantrix
8.0
7 Ratings
1% below category average
Wolters Kluwer CCH® Tagetik
8.7
42 Ratings
7% above category average
Financial data consolidation8.36 Ratings9.236 Ratings
Multi-currency management8.44 Ratings9.531 Ratings
Minority Ownership8.04 Ratings8.527 Ratings
Local and consolidated reporting8.77 Ratings9.040 Ratings
Detailed Audit Trails6.75 Ratings7.432 Ratings
Journal entries and reports00 Ratings8.734 Ratings
Intercompany Eliminations00 Ratings8.734 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Quantrix
9.0
12 Ratings
9% above category average
Wolters Kluwer CCH® Tagetik
8.6
46 Ratings
4% above category average
Financial Statement Reporting9.010 Ratings9.038 Ratings
Management Reporting9.012 Ratings9.244 Ratings
Automated board and financial reporting9.011 Ratings8.231 Ratings
Excel-based Reporting00 Ratings7.946 Ratings
XBRL support for regulatory filing00 Ratings8.717 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Quantrix
8.5
12 Ratings
5% above category average
Wolters Kluwer CCH® Tagetik
8.0
30 Ratings
1% below category average
Personalized dashboards8.012 Ratings8.025 Ratings
Color-coded scorecards6.45 Ratings7.219 Ratings
KPIs10.010 Ratings8.523 Ratings
Cost and profitability analysis8.610 Ratings8.321 Ratings
Key Performance Indicator setting10.011 Ratings8.121 Ratings
Benchmarking with external data8.210 Ratings8.014 Ratings
Integration
Comparison of Integration features of Product A and Product B
Quantrix
9.0
12 Ratings
8% above category average
Wolters Kluwer CCH® Tagetik
8.4
43 Ratings
1% above category average
Flat file integration9.012 Ratings8.337 Ratings
Excel data integration9.012 Ratings9.041 Ratings
Direct links to 3rd-party data sources9.012 Ratings7.828 Ratings
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Quantrix
-
Ratings
Wolters Kluwer CCH® Tagetik
8.5
9 Ratings
5% above category average
Pixel Perfect reports00 Ratings8.06 Ratings
Customizable dashboards00 Ratings9.17 Ratings
Report Formatting Templates00 Ratings8.58 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Quantrix
-
Ratings
Wolters Kluwer CCH® Tagetik
8.1
20 Ratings
3% below category average
Drill-down analysis00 Ratings8.220 Ratings
Formatting capabilities00 Ratings8.420 Ratings
Integration with R or other statistical packages00 Ratings7.77 Ratings
Report sharing and collaboration00 Ratings8.212 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Quantrix
-
Ratings
Wolters Kluwer CCH® Tagetik
8.1
12 Ratings
1% below category average
Publish to Web00 Ratings8.58 Ratings
Publish to PDF00 Ratings8.211 Ratings
Report Versioning00 Ratings7.911 Ratings
Report Delivery Scheduling00 Ratings7.98 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Quantrix
-
Ratings
Wolters Kluwer CCH® Tagetik
8.4
7 Ratings
9% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings7.86 Ratings
Location Analytics / Geographic Visualization00 Ratings7.94 Ratings
Predictive Analytics00 Ratings8.76 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
Quantrix
-
Ratings
Wolters Kluwer CCH® Tagetik
8.1
19 Ratings
8% below category average
Multi-User Support (named login)00 Ratings8.619 Ratings
Role-Based Security Model00 Ratings8.618 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings8.019 Ratings
Report-Level Access Control00 Ratings7.92 Ratings
Single Sign-On (SSO)00 Ratings7.613 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Quantrix
-
Ratings
Wolters Kluwer CCH® Tagetik
7.0
9 Ratings
13% below category average
Responsive Design for Web Access00 Ratings6.48 Ratings
Dashboard / Report / Visualization Interactivity on Mobile00 Ratings7.76 Ratings
Best Alternatives
QuantrixWolters 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
Centage
Centage
Score 9.6 out of 10
Centage
Centage
Score 9.6 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
QuantrixWolters Kluwer CCH® Tagetik
Likelihood to Recommend
7.0
(12 ratings)
8.4
(47 ratings)
Likelihood to Renew
-
(0 ratings)
8.3
(10 ratings)
Usability
8.2
(1 ratings)
8.1
(14 ratings)
Availability
-
(0 ratings)
7.3
(2 ratings)
Performance
-
(0 ratings)
9.1
(2 ratings)
Support Rating
-
(0 ratings)
10.0
(5 ratings)
In-Person Training
-
(0 ratings)
6.4
(2 ratings)
Online Training
-
(0 ratings)
8.2
(1 ratings)
Implementation Rating
-
(0 ratings)
6.4
(2 ratings)
Configurability
-
(0 ratings)
7.3
(1 ratings)
Product Scalability
-
(0 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
QuantrixWolters Kluwer CCH® Tagetik
Likelihood to Recommend
Quantrix
If you find yourself in the ocean of traditional spreadsheets, overwhelmed by broken links, errors, model audit problems, hardwiring, etc. here is a lifebuoy for you. If you want to have full flexibility in your budgeting and forecasting in contrast to ERPs with rigid structures and one-size-fits-all concept. If you are small or medium size company and do not want to invest in costly enterprise solutions. If you need a fast implementation https://youtu.be/5W_q5Xhw5fg
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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
Quantrix
  • Building complex financial planning model availing of a multidimensional data structure coupled with a powerful formula language, with the immediacy and intuitiveness typical of spreadsheets
  • Implement quickly model modifications (new products, new scenarios, new time periods) simply adding new "items" to "categories" (corresponding to dimensions in a multidimensional data model)
  • Scale up models to very large datasets with very fast computation times
  • Easily import data from text files, other Quantrix models and external databases via DataLink and DataNAV
  • Save snapshots of tables computed in Quantrix to external databases via DataPush
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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
Quantrix
  • Hard to be critical of the Quantrix team as I know they strive to produce the best product possible. I suppose the next thing on my wish list would be the application of the new Solver functionality to be available in the Qloud.
  • A big help for new users would be a good book on transitioning from Excel or other environment into Quantrix. I know first hand it can be difficult to transition when having to learn the program through a help guide, forums and tech support. I had a lot of trial and error in my journey to producing the desired models. On one hand it was a valuable method as it taught me a lot of what not to do, but I will admit it was not the most efficient way to do things.
  • Would also love to see local user groups being formed at some point in the future. Quantrix puts on a fantastic conference once a year in beautiful Maine, but it is a big journey for someone in Southern California (and limited to one or two days a year). I would like to see some local chapters formed in different areas of the country so local Quantrix users can get together more often and collaborate (maybe a quarterly or semi-annual meetup?). Our Quantrix community is still relatively small and may be a difficult task for some areas, but is also the very reason why this would be great idea.
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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
Quantrix
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
Quantrix
For a newbie it can be difficult until you get the hang of the system. Quantrix is a very logical system, once you understand its underlying ideas.
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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
Quantrix
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
Quantrix
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
Quantrix
No answers on this topic
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
Quantrix
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
Quantrix
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
Quantrix
No answers on this topic
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
Quantrix
Overall, I was not part of the ultimate decision to purchase Quantrix. I terms of user-friendliess and robust reporting capabilities I do think Tableau has Quantrix outclassed. That being said, Quantrix does provide more in-depth analyses for our relevant data and provides better modeling for our forecasts out of the box. The accuracy of the tools output is also much better
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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
Quantrix
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
Quantrix
  • Capacity forecasting used to take hours to calculate with a ton of manual modifications. Quantrix has automated that so a model can be updated at any time with a click of a button
  • The accuracy of the models is incredible. It took some tweaking to add in data scubbers, but now it runs almost flawlessly
  • The confidence the management teams have in the output of the model is amazing. Before, people would question the output, have you rebuild it, and then compare. Now the report comes out and the output has high confidence.
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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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