TrustRadius
Tagetik is a corporate performance management solution that unifies budgeting, financial planning, consolidation and management reporting.https://dudodiprj2sv7.cloudfront.net/product-logos/6Z/ez/IMD87SQ4SKT8.JPEGWolters KluwerCCH Tagetik provides a stable and secure platform for detailed planning and budgeting2018-12-20T20:12:52.360ZWe use CCH Tagetik for our budgeting and planning activities. Tagetik is used by sales managers to input annual sales forecasts, the result of which drives our budgeting process. Department managers use Tagetik to input operational expenses for the year. We also use 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,10,Replacing old, fragile Excel-based models
Providing a database back-end for recording user input that drives budgeting and planning
Excellent security helps us to isolate sensitive information,Budget Maestro, Adaptive Insights and Solver BI360,JIRA Software, Atlassian Confluence, BitbucketVerified UserCCH Tagetik CPM for Planning2018-04-23T17:04:29.265ZTagetik 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,8,None at the moment,BOARD,Microsoft Power BIElisa MevioGreat Consolidation Tool2018-03-02T17:21:10.800ZWe currently use Tagetik for our reporting and consolidation.,Reporting
Planning/Forecasting
Consolidation,Speed of product,8,Consolidation went from a 2 day process to 4 hours,,SAP BPC (Business Planning and Consolidation)Brooke WardExperience with Tagetik CPM for banking planning2017-03-29T15:36:55.623ZTagetik 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 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,8,at the moment, cannot estimate,Microsoft BI,7,2,Stategic Palannin
CCost Management,Quick allocation
Audit,budget for managers,8,Allocation
Audit Tool
DB management,MDX
different way to do the same things,7Stefano BenettiFlexible. Scalable. Consistent. The one stop solution for your financial reporting needs.2015-09-21T19:40:13.514ZTagetik 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, Tagetik is the feeding application for some compliance procedures such as ERM and L. 262.,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 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.,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.,9,Less time spent on data entry and report creation procedures.
More time spent on data analysis.
Less time for computing data.
Incorporation of multiple compliance procedures (such as SOX and ERM) on the same platform, avoiding duplicated analysis.,SAP and Hyperion,SAP NetWeaver BPM,96,2,Data collection
Data flow management
Reporting routines,Support to compliance routines (such as risk management) which are not directly involved in the financial reporting process.,Financial document drafting (which could also include presentations).
Non-financial information management.,6,Yes,Product Features
Product Usability,I think we invested enough on our evaluation and selection process, coming to the solution which was (and still is) the most suitable at that moment.,Professional services company,Yes,Change management was a big part of the implementation and was well-handled,translating the new data model from the previous one (which was different and more bounded to system's limitations)
bringing approval process inside the application instead of managing it by phone or by email
thinking with an atomistic point of view (the fear of having too much little pieces of information is always behind the corner),7,8,No,Some years ago one of our subsidiary was looking for an application to run its sub-consolidation routines, preserving at the same time the necessary privacy filter to deliver us the data only once it was ready to use. In that circumstance Tagetik provided us a dedicated team of consultants that built an ad-hoc environment which was integrated with the main server application but which could be seen by the main consolidator only after a specific approval of the subsidiary. This solution was so performing that we decide to adopt it also for other branches. Beside that, also the construction of our intercompany cockpit was made with a specific commitment on us.,the intercompany dashboard, which gives a complete outlook of all the intercompany reconciliations
the Excel macro for the reporting generation,merger and acquisition automatic recordings are sometimes difficult to configure.,Yes, but I don't use it,8Alessandro Mantini
Windows, Linux, Mac
CCH Tagetik
35 Ratings
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