Wolters Kluwer CCH® Tagetik

Wolters Kluwer CCH® Tagetik

Score 8.4 out of 10
Wolters Kluwer CCH® Tagetik


What is Wolters Kluwer CCH® Tagetik?

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.
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Recent Reviews

Tagetik the good CPM tool

8 out of 10
March 16, 2022
We are a consulting company and implement Wolters Kluwer CCH Tagetik for our customers. Mainly we implement the system, by setting up the …
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My experience with Tagetik

8 out of 10
January 14, 2022
We are a consulting company and implement the software for other organizations. We also support our customers. For sure we use Wolters …
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CCH Tagetik use in Shipping

9 out of 10
March 30, 2021
We use [CCH] Tagetik for our quarterly closing & consolidation process, as well as for reporting, budgeting and forecasting at company and …
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Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

Popular Features

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  • Excel-based Reporting (43)
  • Management Reporting (41)
  • Management reporting (41)
  • Financial budgeting (38)

Reviewer Pros & Cons

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What is Wolters Kluwer CCH® Tagetik?

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.

Entry-level set up fee?

  • No setup fee


  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

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BI Standard Reporting

Standard reporting means pre-built or canned reports available to users without having to create them.

7.9Avg 8.1

Ad-hoc Reporting

Ad-Hoc Reports are reports built by the user to meet highly specific requirements.

7.4Avg 8.4

Report Output and Scheduling

Ability to schedule and manager report output.

7.7Avg 8.3

Data Discovery and Visualization

Data Discovery and Visualization is the analysis of multiple data sources in a search for pattern and outliers and the ability to represent the data visually.

7.7Avg 7.6

Access Control and Security

Access control means being able to determine who has access to which data.

8.1Avg 8.8

Mobile Capabilities

Support for mobile devices like smartphones and tablets.

7.5Avg 7.8

Budgeting, Planning, and Forecasting

These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning

8.1Avg 8.5

Consolidation and Close

Consolidation of data from multiple entities with currency management, reporting and audit trails.

8.8Avg 8.3

Financial Reporting and Compliance

Financial statements and regulatory filings

8.9Avg 8.5

Analytics and Reporting

Dashboards and scorecards for KPI monitoring and benchmarking

7.3Avg 8.0


Ability to integrate with external applications

8.2Avg 8.5
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Product Details

What is Wolters Kluwer CCH® Tagetik?

Wolters Kluwer understands the complex challenges that face the Office of the CFO and aims to translate that knowledge into intuitive, enterprise-scale solutions. CCH® Tagetik performance management software solutions that drive business results. CCH Tagetik is designed to enable digital transformation and drive strategy with financial processes and data in a unified platform — owned by Finance.

The vendor states that companies trust CCH Tagetik solutions to save time, lower costs and reduce risk. Customers use CCH Tagetik to get a faster close, conduct more forward looking-planning and in-depth analytics by connecting data, processes and people with a single trusted source. CCH Tagetik Finance Transformation Platform, powered by the Analytic Information Hub, is a comprehensive unified platform that connects finance and operations and streamlines consolidation & close, planning, profitability, reporting & analytics, disclosures and regulatory compliance. Embedded AI and machine learning (ML) provides out-of-box predictive planning and a foundation for the future. CCH Tagetik can be deployed as SaaS, private cloud, or on-premise. The flexibility to migrate from one to the other means that the solution can match a company's strategy, today or in the future. The vendor boasts over 1,300 customers globally using CCH Tagetik to increase efficiency, reduce risk, and saved money.

Wolters Kluwer CCH® Tagetik Features

Budgeting, Planning, and Forecasting Features

  • Supported: Long-term financial planning
  • Supported: Financial budgeting
  • Supported: Forecasting
  • Supported: Scenario modeling
  • Supported: Management reporting

Consolidation and Close Features

  • Supported: Financial data consolidation
  • Supported: Journal entries and reports
  • Supported: Multi-currency management
  • Supported: Intercompany Eliminations
  • Supported: Minority Ownership
  • Supported: Local and consolidated reporting
  • Supported: Detailed Audit Trails

Financial Reporting and Compliance Features

  • Supported: Financial Statement Reporting
  • Supported: Management Reporting
  • Supported: Excel-based Reporting
  • Supported: Automated board and financial reporting
  • Supported: XBRL support for regulatory filing

Analytics and Reporting Features

  • Supported: Personalized dashboards
  • Supported: Color-coded scorecards
  • Supported: KPIs
  • Supported: Cost and profitability analysis
  • Supported: Key Performance Indicator setting
  • Supported: Benchmarking with external data

Integration Features

  • Supported: Flat file integration
  • Supported: Excel data integration
  • Supported: Direct links to 3rd-party data sources

BI Standard Reporting Features

  • Supported: Pixel Perfect reports
  • Supported: Customizable dashboards
  • Supported: Report Formatting Templates

Ad-hoc Reporting Features

  • Supported: Drill-down analysis
  • Supported: Formatting capabilities
  • Supported: Predictive modeling
  • Supported: Integration with R or other statistical packages
  • Supported: Report sharing and collaboration

Report Output and Scheduling Features

  • Supported: Publish to Web
  • Supported: Publish to PDF
  • Supported: Report Versioning
  • Supported: Report Delivery Scheduling

Data Discovery and Visualization Features

  • Supported: Pre-built visualization formats (heatmaps, scatter plots etc.)
  • Supported: Location Analytics / Geographic Visualization
  • Supported: Predictive Analytics
  • Supported: Support for Machine Learning models
  • Supported: Pattern Recognition and Data Mining
  • Supported: Integration with R or other statistical packages

Access Control and Security Features

  • Supported: Multi-User Support (named login)
  • Supported: Role-Based Security Model
  • Supported: Multiple Access Permission Levels (Create, Read, Delete)
  • Supported: Report-Level Access Control
  • Supported: Table-Level Access Control (BI-layer)
  • Supported: Field-Level Access Control (BI-layer)
  • Supported: Single Sign-On (SSO)

Mobile Capabilities Features

  • Supported: Responsive Design for Web Access
  • Supported: Dashboard / Report / Visualization Interactivity on Mobile

Additional Features

  • Supported: Usability - With a brand new user interface (UI), CCH Tagetik delivers an enhanced user experience allowing for easier navigation.
  • Supported: Mobility - CCH Tagetik utilizes HTML 5 to allow users to interact with CCH Tagetik through any mobile device. With the introduction of CCH Tagetik Anywhere technology, users can take advantage of this functionality with NO additional work.
  • Supported: Velocity - CCH Tagetik has added in-memory technology to make the engine even faster. In CCH Tagetik, the user has the option to process Allocations, ETL or MDX calculations in memory, significantly speeding up processing.
  • Supported: Flexibility - Tagetik's open architecture allows for integration with the Microsoft technology stack, connectivity with strong SAP environments, and Qlik.
  • Supported: CCH Tagetik goes beyond traditional CPM by combining its market leading unified platform and SAP HANA’s in-memory technology to provide you with insights faster than ever before.

Wolters Kluwer CCH® Tagetik Screenshots

Screenshot of KPI DashboardScreenshot of HomepageScreenshot of Microsoft Word and PowerPoint integration for reporting

Wolters Kluwer CCH® Tagetik Integrations

  • SAP HANA Cloud
  • Microsoft Office Suite
  • Qlik
  • SAP
  • Oracle
  • JDE
  • MS Dynamics
  • Workday
  • MS PowerBI
  • and integrates with all other source systems

Wolters Kluwer CCH® Tagetik Technical Details

Deployment TypesOn-premise, Software as a Service (SaaS), Cloud, or Web-Based
Operating SystemsWindows, Linux, Mac
Mobile ApplicationApple iOS, Android, Windows Phone
Supported CountriesAll regions
Supported LanguagesEnglish, Spanish, Italian, French

Frequently Asked Questions

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.

Anaplan, SAP Analytics Cloud, and SAP BPC (Business Planning and Consolidation) are common alternatives for Wolters Kluwer CCH® Tagetik.

Reviewers rate Financial data consolidation highest, with a score of 9.8.

The most common users of Wolters Kluwer CCH® Tagetik are Enterprises (1,001+ employees) from the Banking industry.
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(1-25 of 44)
Companies can't remove reviews or game the system. Here's why
Score 9 out of 10
Vetted Review
Verified User
We are a rapidly growing hotel company. As a finance department, we need to facilitate and support this growth, a.o. by using agile, efficient, scalable, SaaS software. Our goal is to become the "best in class" finance department. We use Wolters Kluwer CCH® Tagetik for budgeting, reporting, and consolidation already for a couple of years, and it fits into the picture perfectly. And to speed up our (monthly/quarterly) close, we recently implemented the transaction matching and account reconciliation modules.
  • Budgeting
  • Consolidation
  • Reporting
  • The solution is continuously improved, feedback is taken seriously
  • Scalability
  • The solution could be customized according to the customer's wishes, it offers lots of possibilities. This requires detailed knowledge of the system internally (or external consultants) when configuration adjustments are necessary.
  • We experienced some challenges during the implementation of the transaction matching module related to the connectivity (API vs. FTP). The support from Tagetik on this has been excellent.
Wolters Kluwer CCH® Tagetik is a great tool for companies with entities located in multiple countries (multiple GAAP standards, currencies, ownership percentages), which like to phase out Excel consolidations and use a robust, scalable tool. It offers all the necessary features for both centralized and decentralized organizations. Based on my experience Wolters Kluwer CCH® Tagetik would be less appropriate to use for smaller companies with only a few entities in a limited number of countries.
Score 8 out of 10
Vetted Review
Verified User
I use this software with our client DANONE Food Group, a dairy F&B giant in Europe with 100,000+ employees all over the world where I support the user that perform monthly closing in Tagetik for P&L. This software makes everything happened at a click of a button by uploading, automating data processed w/ integrity checks for accurate P&L with a simplified user interface that's easy to navigate. Compared to how they used to produce their P&L through excel before, from sending one sheet over to the other, having multiple tabs for each month or scenario, tagetik stores everything in the cloud and allocate, processed and analyze all the data in one click of a button in a workflow. It's quite amazing what the software can do, with it's low level detail storing in the P&L reporting. The integration of controlling cloud (Power BI) made it easier for our user to do self service of creating their own report.
  • Reporting. Tagetik reporting can be done in two ways, excel or power BI. We have always been using and creating excel adhoc report which after learning how the design matrix works, makes designing a form fast and intuitive. If building an adhoc is Abit difficult, then using smart view made it as easy as using excel formulas like how you use tables and powerpivot. If you have experience with Power BI, that's also an option in creating a dynnaic and asthetically pleasing looking report that you can look at on any device (mobile, laptop, ipad).
  • Allocation of Data. Tagetik provide alot of way for allocating data in both financial workspace and analytical. I find my favourite way was creating an allocation in AIH, through the use of Special Method using postgre SQL for my own flexibility. If not, there's an operation for allocation as well, where we just need to configure the parameter required for allocation.
  • Integrity checks. Tagetik does this part well in a sense of ensuring Data that does not belong somewhere stays out. ALOT OF TIME, this saves us time on analyzing when data are missing or misuse in forms, processes, QDL or through an ETL.
  • Warnings on Non existing details. Sometimes tagetik does not show warnings for uploads with detail that does not exist in Tagetik masterdata. Like account/destination mapping does not exist, got accepted into the upload but is stopped by integrity check to the reporting layer but did not show warnings, so the report showed some mismatch on what we expected because it seemed to accepted all the data.
  • Execution time. Sometimes a process or allocation step have long time execution running of more than 10 mins (this happened particularly for our rolling forecast)
  • Sometimes I had issue with excel plugin of tagetik stuck at login screen but this may either be excel problem or tagetik, I am not sure.
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.
October 31, 2022

Positively Powerful!

Score 8 out of 10
Vetted Review
Verified User
We needed a software that could consolidate a variety of currencies and ERP systems. Tagetik has definitely provided that for us. We use 8 different ERP systems and 16 currencies. With Tagetik we can report in any currency we need and consolidate our financials during month end close as often as we desire.
  • Consolidation
  • User Creation/SetUp
  • Job Scheduling
  • IC Cockpit report is difficult to customize
I specifically love the variety of reporting options that Wolters Kluwer CCH Tagetik provides. I can teach users to report in Excel using a matrix or the TGKRETF formula. Both allow for pulling data in pretty much any manner or format desired. The SmartInsight tool in the web application is a trimmed down version of Excel which allows for drag and drop reporting which users are coming to love quite quickly.
Score 9 out of 10
Vetted Review
Verified User
Used for management reporting and financial statement preparation. The product is critical for multicurrency consolidation and reporting for the entity, regional, and group structures. We have c.20 reporting entities and users.
  • Report customisation.
  • Drill down.
  • Excel compatibility.
  • Consolidation and close.
  • 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.
Well suited for large multi-entity international, multi-currency, multi GAAP groups with excellent report writing features, customizations, and validation traps with minimal IT support. The ability to customize dimensions and dimension structures is a key strength. The intuitive user interface enables easy adoption by new users and training times are short. Upload features via embedded customisable ETL and standardised Excel templates are very efficient. Error checking is intuitive and helpful. Less appropriate for small single entity businesses.
Score 8 out of 10
Vetted Review
Verified User
We are a consulting company and implement Wolters Kluwer CCH Tagetik for our customers. Mainly we implement the system, by setting up the data model, rules, consolidation settings and mostly do all the stuff with the historical data. My team and I are the experts for the consolidation parts and we advise our customers for optimal use with their new software Tagetik. As well we do some documentation of their system and do some training for them to support them at the highest level we could.
  • good consolidation
  • good planning
  • good support
  • sometimes after patches there are bugs
  • better testing before launching
I think I have some good experience collected in my three years of working with Wolters Kluwer CCH Tagetik. in my opinion it suits very well in the consolidation part, planning part, and reporting part. because you have one software for all of these doings. so that's the point why Tagetik isn't that appropriate for anything I'm working on
Score 10 out of 10
Vetted Review
Verified User
The company strategy and organizational model have changed, together with a newly implemented TO-BE primary process. Current systems were not capable to deal with this and the growing information needs of various stakeholders. Therefore CCH Tagetik is implemented for consolidation, reporting, analysis, budgeting, planning and forecasting, and annual reports. To support the organic growth and acquisition strategy.
  • Data acquisition and validation
  • Consolidation, reporting and disclosures like the annual reports
  • Budgeting, planning & forecasting
  • Ease of use
  • Easy to maintain by finance users
  • Scorecards
When a company is looking for a corporate or enterprise performance management platform. Storage of detailed financial and operational data for analysis. Workflow, process control, and validations are important
Score 8 out of 10
Vetted Review
Verified User
We are a consulting company and implement the software for other organizations. We also support our customers. For sure we use Wolters Kluwer CCH Tagetik for accounting, controlling, planning, and consolidation stuff. All our customers are happy to use this tool for their accounting or controlling because it makes things a lot easier for them.
  • Great overlay
  • Automatics
  • Easy reporting
  • Sometimes its not that intuitive
  • In HTML5 there are missing some features that where implemented in flex
  • Excel downloads are locked
In my opinion, Wolter Kluwer CCH Tagetik is well suited for the automatic consolidation process within all facets. In addition, I think for complete reporting Tagetik does a great job because with custom reporting we can do perfect fitting reports for the customers. For now, I dont have any more scenarios where Tagetik doesn't fit so well.
VinothKumar M | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
We use Tagetik to integrate users from different companies based on their business needs. We completed the entire planning and budgeting procedure from beginning to conclusion. Actually, our customers were utilizing Excel to create their budgets before being switched to Tagetik to automate the process. We've covered everything from excel to Tagetik when it comes to automation. Our customer uses Tagetik [now] to create budgets for all of their departments, including HR, Revenue, and so on.
  • Data accuracy.
  • Fully automated.
  • Data integrations.
  • Excel add-in gives a feel like working with Excel.
  • IRR Interest Portion for loan calculations.
  • In the new update after the flex was removed for the MDX Calculation, structure details are not available.
To reduce manpower in CPM Activities. For better security [of] the data.
Score 9 out of 10
Vetted Review
Verified User
We use CCH Tagetik across the organisation, predominantly with users based in finance. It allows us to report the actuals consistently, as the workflow guides the users to provide the relevant information in the right order. This helps to mitigate issues caused by having users across multiple time zones, as it is easy to follow the process even for new joiners.
  • The drilldown report function makes it easy for end users to drill into their numbers when they have queries.
  • The workflows are great to support users provide the right information at the right point in time.
  • A small point, but being able to add deadline dates to the process has helped, especially with different time zones/holidays to be accommodated, month end can move about a bit. With these dates it avoids any confusion, as people do not always note down dates that are sent via email.
  • Appreciate it is an ever moving target, but some areas of the user manual are still showing screenshots just for flex, and it would be good to have them updated to HTML5, Deployment as an example.
  • When looking at forms in HTML5 as a user, it would be good to have a search function if possible, rather than having to open multiple folders if you are not sure where a report is. Though I appreciate the function is there in Excel.
  • It would be good if some of the error messages were understandable, as they are often either cryptic, or stack trace details. For some simple things, like trying to select another another element too quickly whilst something is still processing, it would be good to have something saying that, rather than "unable to invoke method click in com.vaadin.shared.ui.button.ButtonServerRpc".
I think CCH Tagetik is user friendly in HTML5, and the workflow/process makes it simple for even new users to follow.

I think the important thing is to not over engineer it, as if users have to select 10 plus parameters when running a report, this can cause confusion, and result in different users looking at slightly different cuts of the same data, e.g. due to selecting different scenarios for conversion.
Score 8 out of 10
Vetted Review
Verified User
Our company uses CCH Tagetik mainly for financial consolidation and reporting. We are a Top-3-health insurance-company in the Netherlands and are therefore required by law to provide i.e. the Dutch National Bank with a number of financial reports periodically. Since we have several labels in our company, consolidating all the different data into the required format is made very easy by using CCH Tagetik.
  • Consolidating: creating a solid report from all the different inputs.
  • Reporting: the data comes out exactly as we want it, how we want it.
  • Input: the different users can just send us their data in xslx-format, CCH Tagetik does not require a great number of users all using the tool.
  • The support and education possibilities are of great quality.
  • The learning curve is quite steep.
  • Sometimes the Italian terms are a bit hard to understand.
If you need to provide financial reports, or are in need of financial consolidation, CCH Tagetik is the tool to use. It is not just a tool, but it is backed by a great supportive company that provides ample learning opportunities, online but also at their various offices in for instance the Netherlands.
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.
Score 9 out of 10
Vetted Review
Verified User
We use CCH Tagetik for:
  1. Management reporting on monthly base.
  2. Consolidation on quarterly base.
  3. Entering budget.
Our company is structured in such a way that only a limited number of persons have access to CCH Tagetik, mainly for consulting. This implies that we don't use the process flows.
  • Integration with Excel.
  • Good customer service desk.
  • Very well documented.
  • Easy to use as an administration with little IT skills.
  • The user-friendliness of the HTML5 interface (might be a general thing with HTML5).
  • More information in the tool itself.
  • Better help functionality.
For what we use it for: management reporting (easy to manage the dimensions and structure in the dimensions), consolidation, budget. The automatic reallocation module didn't work well for us (we didn't try much either), but the data entry workaround fits perfectly the job.

Very versatile and a lot of extra modules available (e.g. IFRS16 reporting, disclosure mgmt, tax calculation, ...).

It's clear that the program was designed by the financial users and not IT guys.
Score 9 out of 10
Vetted Review
Verified User
Currently, CCH Tagetik is being used by a department. Eventually, there will be a pipeline to use it across the whole organization for the betterment of the entire organization based on the workflow capabilities.

We have many sources and platforms yet there are many reports that are handled manually (still). With what CCH Tagetik is able to provide, many of these teething issues can be taken in as a parameter maintenance and solved within minutes. Workflow is what the organization will be looking into for the current budget system. Exploration has been started, but it has yet to commence.
  • Reports can be setup using multiple Hierarchy for various requirements.
  • Reclassification be pre determine before the final report output.
  • Workflow system to ease the lineage of how each report is formed and generated.
  • It can be served as a one true source system.
  • The steps of setting up the loading of data is slightly painful.
  • The steps and error message while connecting the process workflow has to provide a hint on which area needed to be fixed (because it could be anywhere or anything).
  • The combination of 2 segments for the excel upload on what's needed to eliminate is yet to resolved. Which made the entire list very long.
1. In today's context, if an organization has way too many sources and no one is able to give in by setting a one true source. This platform can serve that purpose by combining all sources in it's entirety to serve the organization more effectively. (Of course, performance is not an issue to be account for.)

2. A very user friendly platform for Microsoft Office users, it has the capabilities to be a plug-in system and does not disrupt the day-to-day operations.

3. Able to connect with QlikView (in this case Qlik Sense) for visualization presentation.

4. The forecasting & console platform is very very powerful here in using CCH Tagetik.
Score 10 out of 10
Vetted Review
Verified User
CCH Tagetik is used by almost all dept. across the Company to collect and analyse data in a very efficient way.
  • CCH Tagetik is a reporting-based solution, which helps greatly both for performing analysis and for showing data to Top Management.
  • It is adaptable all the way through, from the workflow set-up all the way to the final reporting.
  • It is flexible so that analysis can be performed both at an overview level and at a granular level.
  • While the new interface is more intuitive, it's still easy to get lost - luckily the manuals are easily accessible!
  • When something goes wrong, sometime error messages are a bit too vague for the basic user (like myself) to understand what the problem is and how to fix the issue.
I think that for any kind of analysis where there is a need for data to be looked at both top-down and bottom-up, CCH Tagetik works really well.
The fact that it's a report-based system implies a greater ability for data manipulation, meaning of course a greater power of analysis: data can be easily grouped in different ways to satisfy different reporting needs.
Score 9 out of 10
Vetted Review
Verified User
We use [CCH] Tagetik for our quarterly closing & consolidation process, as well as for reporting, budgeting and forecasting at company and group level. [CCH] Tagetik also provides the IFRS16 module and the Country by country reporting. The main user of the system is the Finance department but once the data is validated, the software also supplies reports to other departments.
  • Quarterly closing &consolidation - accurate and fast. The ETL can be adjusted to our changing needs
  • Reporting - excel interface that is flexible to design
  • Budgeting and Forecasting - easy data entry, user independence
  • Use of multiple scenarios
  • Real time reporting - so far, complicated to set up in the company
  • Group Cash Flow - still to be implemented
  • HTML interface - slow passage
For us [CCH] Tagetik has been easy to use as long as the task are straight forward (closing, consolidation, reporting etc). In our case, we have to use outside of [CCH] Tagetik excel modelling because the system can't support, is too slow or gives errors, the moment when there are too many variables that are simulated.
Score 10 out of 10
Vetted Review
CCH Tagetik is used by the Financial team within the organization - it addresses the problems related to the budget, planning, and cashflow.
  • User Friendly - users finds it very easy to use. For example the add-in in excel.
  • All the data [is] centralized - the Head of Finance can access to the information quickly.
  • Address a lot [of] issues related to the finance.
  • Ad hoc analysis.
  • More examples of cases.
Having worked with comparable solutions, I would recommend CCH Tagetik over the other solutions.
Alessandro Mantini | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
CCH Tagetik is used for the drafting of the group's consolidated financial statement by the statutory financial statement office and the budgeting,planning and controlling department. It is also used by our accounting department for the publishing of the annual report for the single legal entities within the group. Minor implementations includes tools for financial planning, VAT, cash pooling processes management beside other controlling applications. Finally, CCH Tagetik is the feeding application for some compliance procedures such as ERM and L. 262. Recently we have covered "the last mile of finance" by implementing the Collaborative Office tool to manage the MS Word document. We have also started a new project of ESEF filing automation with the implementation of CoreFiling add-on for CDM.
  • Data entry procedures. The integration with MS Office suite applications made data entry activities easy like filling an Excel spreadsheet, with the only difference that any detail is stored in a consistent database which can be easily analysed.
  • Reporting utilities. For the same reason the reporting tool makes data report and analysis easy and faster than before.
  • The consolidation processes can be easily controlled thanks to a work flow utility which shows the main steps of the process and the state of completion validated by any single user.
  • Data quality and auditability. Data are stored in a solid a consistent DB structure which contains also all the details suitable for any system audit need.
  • ETL tools can be easily customized, thus allowing a fast incorporation of new companies into the consolidation perimeter with a specific ETL routine.
  • A specific feature of CCH Tagetik let you create multiple scenarios in which you can vary for the same period the consolidation perimeter. This is very useful if you are looking for implementing what-if analysis tool or you need to make restatements to your previous closing.
  • Collaborative Office tool to manage and draft the MS Word document end extract the iXBRL file in line with ESMA reccomandations.
  • The communication between users on the same platform could be improved by means of a private chat system. It seems that they have worked on it and included in the last version.
CCH Tagetik is a scalable application which can be well suited to almost every company, granting an easy implementation over the existing transactional applications. Many of its functions and utilities can be customized with reference to the industry in which the company operates (especially if it is a bank or a financial institution). CCH Tagetik works better in the context in which there is a clear understanding of the business and its operations. This consciousness leads to a better definition of the main reporting needs and helps to create a better set of data. In any case, the assistance of a qualified consultant is a value added service.
  • Online training
  • in-person training
CCH Tagetik offers many different kind of support, from call center to dedicated consultants. The way you choose to implement the application affects the kind of support you have to choose. In any case, it's almost certain that you will get the best answer for your specific needs.
Score 10 out of 10
Vetted Review
Verified User
CCH Tagetik has been used by our organization as Financial Reporting Tools for both Financial & Management Reporting purpose. It's accessed by whole APAC region Finance users. We are now utilizing the system for collecting data and generating the desired reports. In the past, we have been getting all information from country through Excels and always have to check on the data completeness and accuracy. With this system implementation, this issue has been resolved accordingly.
  • User friendly.
  • Easy to access (Cloud system).
  • Live time update (Speedy).
  • Flexibility in creating reports.
  • Dimensions complexity.
  • To have drag and pull to create reports.
Given the room for improvement in CCH Tagetik, pretty sure we can add more features and enhancement to the system. The only issue probably will be the additional cost required for the said additional features or enhancement.
However as the system (namely process) is able to be setup as what we desired, users have been easily trained and understand what is required to input and load data, etc.
Score 7 out of 10
Vetted Review
Verified User
CCH Tagetik is used by approx 100 users in central and decentralized business units, all located in France. It is supposed to simplify and accelerate 2 business process : budgeting and enterprise performance (actuals vs budget). Our budget process is a combination of bottom-up and top-down ; CCH Tagetik is expected to make this process more fluid, as seamless as possible. CCH Tagetik is as well expected to industrialize our monthly reporting.
  • 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.
  • Techical tools : ETLs are well structured, logical and understandable, but their interface is quite out-dated. Compared to pure ETLs like Alteryx, we long for a graphical interface. The HTML5 query interface (SQL) is too slow and too rough : hints on data model or field names would be appreciated.
  • From a personal point-of-view, I would prefer a more compact web-interface, with smaller policies and other colours. OneStream or IBM analytics seem better on this aspect. It is subjective.
  • Our business can be audited many years later. CCH Tagetik provides no particular improvement to restore data-sets that where used in the past (fact tables and dimensions), whilst avoiding to keep the old dimension values in the current application.
  • Technical performances fall dramatically when trying to include too many dimensions in a report (even when using filters) ; it is difficult to export your data in flat files with the standard reporting tool. Switch to technical tools (SQL scripts, etc) are required for a reasonable time response.
Globally, CCH Tagetik is at ease when dealing with financial data provided you are confident with your master data. We use it for Enterprise Performance Management and financial data analysis, drill-down functionalities are of great help. Colleagues at SNCF appreciate the allocation module but we do not have implemented it yet.
Score 8 out of 10
Vetted Review
Verified User
We are implementing the IFRS 17 Starter Kit to help us meet IASB's IFRS 17 standard. It is being used predominantly by Finance department, with some involvement from the Actuarial department. This IFRS 17 Starter Kit helps us generate financial numbers and disclosures based on IFRS 17 standard requirements such as - measurement models (BBA, PAA), discounting, risk adjustment, fulfilment cash flows, etc.
  • Accounting-based solutions.
  • Strong support and implementation team.
  • Strong experience in implementing financial/ accounting based solutions.
  • Strong experience in IFRS 17.
  • Complete experience in implementing IFRS 17 (but I do understand that IFRS 17 only comes into effect in 2023 - so everyone is still learning/ implementing).
  • It would be great to have CCH Tagetik office/ implementation team based in Kuala Lumpur, Malaysia.
  • It would be great if CCH Tagetik implementation team has resources with actuarial background.
Since the IFRS 17 standard is still new / i.e. only comes into effect on 1 Jan 2023, all current IFRS 17 solutions being offered have not yet "gone live". There are many types of solutions - some are more data-based, some are more actuarial-based. However, IFRS 17 is fundamentally an accounting standard, so CCH Tagetik's strength in its accounting/ financial softwares helps put itself in a strong position as a preferred choice for IFRS 17 solution.
Mauro Del Quondam | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
We choose CCH Tagetik to cover all CPM processes moving away from Excel. It's used across the entire organization for statutory balance, budget planning, and forecasting, IFRS16 and we are planning to expand it to other company processes. With CCH Tagetik we have a global solution with workflows, approval task and a unique process for the whole company and its subsidiaries.
  • Easy configuration.
  • Workflows and approval task.
  • The possibility to report in an easy way, self-built forms from users.
  • A complete switch to an html5 interface.
  • Business analytics.
  • API for integration with ERP solutions.
If you have to implement any scenarios in a small and medium-sized company this is perfect: easy to use, fast and reliable. If you have to introduce it in a very big company, it must be tested very carefully in order to assure the right performance.
Score 10 out of 10
Vetted Review
Verified User
We use CCH Tagetik for our budgeting and planning activities. CCH Tagetik is used by sales managers to input annual sales forecasts, the result of which drives our budgeting process. Department managers use CCH Tagetik to input operational expenses for the year. We also use CCH Tagetik for generating financial reports required by our parent organization.
  • Excel interface capability makes it easier for user adoption
  • Web interface and workflow provide both simplicity and control
  • Multi-currency support
  • Raw data import process could be simpler and faster
  • Easier transition from Excel-based templates to Web-based
  • Needs a complete HTML5 Admin console
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.
Elisa Mevio | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
CCH Tagetik CPM is used with strategic planning in CFO area. In the near future, we plan to extend the use to the commercial network, including local managers as contributors.
  • Data audit
  • Data transformation
  • Data collection
  • Check rules
  • Reporting
  • General system performance
A lot of data contributors in a different area.
Brooke Ward | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
We currently use CCH Tagetik for our reporting and consolidation.
  • Reporting
  • Planning/Forecasting
  • Consolidation
  • Speed of product
Amazing for consolidation. Finds every error. The speed to retrieved reports could be faster
Stefano Benetti | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

CCH Tagetik is being used by our CFO structure. We have built planning/budgeting applications and reconciliation between accounting and DWH data.

A big problem we had before CCH Tagetik was the absence of a structured system for the collection of data. We now have the ability to manage a simple workflow, and keep it monitored.

  • integration with many databases
  • flexibility of ETL system
  • very strong audit tools
  • reduce the number of options: sometimes you can do the same thing in too many ways
  • reporting and dashboarding: in truth you can easily use third party software (if you have them), but I think there is ample room for improvement in the native reporting

I think the native application (Consolidation) is probably the best, but there is much opportunity to structure effective planning processes. In this case there needs to be more effort in terms of both function and implementation.

Another very effective application is cost allocation. CCH Tagetik provides a lot of native features that allow analysts to deploy allocation systems, even very complex ones.

Score 8 out of 10
Vetted Review
Verified User
We implement CCH Tagetik at our customers as consultants and offer advice on the use of it.
  • Easy to use for the end user
  • Great for consolidation
  • Broad reporting functionalities
  • The combination of a single data source and validation processes ensure accuracy
  • Has to be updated regularly to ensure performance standards
Mostly for companies with complicated consolidations.
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