What users are saying about
Top Rated
35 Ratings
Top Rated
35 Ratings
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Score 8.4 out of 101

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Likelihood to Recommend

CCH Tagetik

CCH Tagetik is great for pulling together financial data for the purposes of budgeting, planning, and forecasting. I think it will likely have other uses in our organization as well as we become more familiar with it and adept at using it.
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Feature Rating Comparison

Budgeting, Planning, and Forecasting

CCH Tagetik
8.5
Long-term financial planning
CCH Tagetik
8.7
Financial budgeting
CCH Tagetik
8.8
Forecasting
CCH Tagetik
7.6
Scenario modeling
CCH Tagetik
8.8
Management reporting
CCH Tagetik
8.3

Consolidation and Close

CCH Tagetik
7.6
Financial data consolidation
CCH Tagetik
7.5
Journal entries and reports
CCH Tagetik
7.4
Multi-currency management
CCH Tagetik
8.7
Intercompany Eliminations
CCH Tagetik
8.0
Minority Ownership
CCH Tagetik
6.9
Local and consolidated reporting
CCH Tagetik
7.3
Detailed Audit Trails
CCH Tagetik
7.6

FInancial Reporting and Compliance

CCH Tagetik
8.3
Financial Statement Reporting
CCH Tagetik
8.3
Management Reporting
CCH Tagetik
8.4
Excel-based Reporting
CCH Tagetik
9.1
Automated board and financial reporting
CCH Tagetik
8.3
XBRL support for regulatory filing
CCH Tagetik
7.2

Analytics

CCH Tagetik
8.1
Personalized dashboards
CCH Tagetik
8.0
Color-coded scorecards
CCH Tagetik
7.7
KPIs
CCH Tagetik
8.2
Cost and profitability analysis
CCH Tagetik
9.0
Key Performance Indicator setting
CCH Tagetik
8.2
Benchmarking with external data
CCH Tagetik
7.3

Integration

CCH Tagetik
8.6
Flat file integration
CCH Tagetik
9.6
Excel data integration
CCH Tagetik
9.6
Direct links to 3rd-party data sources
CCH Tagetik
6.6

Pros

  • It does a good job of assisting with the mapping of accounts to entities. Unlike other programs that require you to add an account for all entities, Tagetik knows to map new accounts to all entities.
  • The interface is very user friendly and intuitive. Once you have a basic understanding of how it functions, it is very easy to navigate.
  • Any time there has been issues with the tool, the Tagetik team has been very quick to assist in solving the issue. They really provide a great deal of support.
Daniel Rizzo profile photo

Cons

  • The Tagetik code is not easy to manage and to explore. You need an IT specialist if you want to change some features or functionalities otherwise you need Tagetik support.
  • It is not easy to manage data of different periods. There is significant room to improve this.
  • More functionality to integrate Tagetik APM and CPM.
Cesare Schiarea profile photo

Likelihood to Renew

CCH Tagetik6.5
Based on 6 answers
We have a lot invested in this product and want to use it as much as we can.
Susan Heffern profile photo

Usability

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

Support

CCH Tagetik7.4
Based on 4 answers
Have never had a reason to give a negative rating
Susan Heffern profile photo

Implementation

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

Alternatives Considered

We selected Tagetik because it had a very positive approach on our specific needs. To support our business requirements Astaldi needed to introduce a new paradigm in the management of our performance management and financial governance challenges. Astaldi needed to streamline the global financial processes (including monthly closure, consolidation, reporting, budgeting, financial planning, and executive dashboards). We needed to decentralize specific financial processes at a worldwide level, and unify multiple business applications within a single unified software solution.
Andrea Corsini profile photo

Return on Investment

  • 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

CCH Tagetik

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