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Wolters Kluwer CCH® Tagetik

Wolters Kluwer CCH® Tagetik

Overview

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

The one and only CPM tool

10 out of 10
June 29, 2023
Support reduction of month end closing time
Improve data quality
Directly integrate with diversified ERP landscape
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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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Usage of CCH Tagetik within Pharma

10 out of 10
March 08, 2022
The company strategy and organizational model have changed, together with a newly implemented TO-BE primary process. Current systems were …
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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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Read all reviews

Awards

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

View all 48 features
  • Excel data integration (42)
    9.0
    90%
  • Management Reporting (45)
    8.9
    89%
  • Management reporting (45)
    8.6
    86%
  • Excel-based Reporting (47)
    7.9
    79%

Reviewer Pros & Cons

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Pricing

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N/A
Unavailable

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

Offerings

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

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Features

BI Standard Reporting

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

8.2
Avg 8.0

Ad-hoc Reporting

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

8.1
Avg 8.3

Report Output and Scheduling

Ability to schedule and manager report output.

8.1
Avg 8.2

Data Discovery and Visualization

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

8.4
Avg 7.6

Access Control and Security

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

8.3
Avg 8.7

Mobile Capabilities

Support for mobile devices like smartphones and tablets.

7
Avg 8.0

Budgeting, Planning, and Forecasting

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

8.3
Avg 8.3

Consolidation and Close

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

8.3
Avg 8.0

Financial Reporting and Compliance

Financial statements and regulatory filings

8.4
Avg 8.2

Analytics and Reporting

Dashboards and scorecards for KPI monitoring and benchmarking

7.9
Avg 8.0

Integration

Ability to integrate with external applications.

8.4
Avg 8.3
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Product Details

What is Wolters Kluwer CCH® Tagetik?

Wolters Kluwer addresses the complex challenges that face the Office of the CFO with CCH® Tagetik performance management software solutions. CCH Tagetik is designed to enable digital transformation and drive strategy with financial processes and data in a unified platform — owned by Finance.

Companies can use 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 as current users of CCH Tagetik.

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 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 combines its unified platform and SAP HANA’s in-memory technology to provide insights faster.

Wolters Kluwer CCH® Tagetik Screenshots

Screenshot of Homepage

Wolters Kluwer CCH® Tagetik Video

Visit https://vimeo.com/856502165/538aa9c442 to watch Wolters Kluwer CCH® Tagetik video.

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 Multi-currency management highest, with a score of 9.1.

The most common users of Wolters Kluwer CCH® Tagetik are from Enterprises (1,001+ employees).
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Comparisons

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Reviews and Ratings

(69)

Attribute Ratings

Reviews

(1-15 of 15)
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Score 9 out of 10
Vetted Review
Verified User
Incentivized
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
The plan is to have a robust consolidation and planning application with a futuristic scope to use the AI and ML functionalities and avail the advantages it can provide to speed up the process and get a strategic advantage over the competition by taking future-oriented decisions, meeting the growing demand in the market with agile and change-oriented EPM approach.

  • AI enablement option
  • Extensible Dimensionality
  • Simple workflow process and ETL
  • Application Maintenance process
  • Understanding and Changing Metadata and its attributes
  • Architecture is complex for me.
Below are the scenarios, where I feel Wolters Kluwer CCH® Tagetik is well suited:
Standardize and improve the consolidation process;​ Enable better integration between consolidated, transactional, and non-financial data;​ Integration options are better with multiple systems; An augmented analytics capability in Finance; Focus on the development of advanced analytical models; Utilization of Artificial Intelligence to drive insights and predict and prescribe future outcomes; Developing and enhancing the existing Management Information System (MIS).​
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
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 9 out of 10
Vetted Review
Verified User
Incentivized
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 9 out of 10
Vetted Review
Verified User
Incentivized
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
Incentivized
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.
Alessandro Mantini | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
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.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
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
Incentivized
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.
Susan Heffern | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
We use CCH Tagetik for our global consolidation of financial statements. It is mainly used by the finance department. We also use it for our budgeting process. All key directors input their budgets and our back office compiles the data to create our global budget.
  • CCH Tagetik is extremely flexible and customizable to your business needs.
  • It creates financial statement reports extremely fast and gives us the ability to slice and dice financial metrics in more ways than you can imagine.
  • I see CCH Tagetik as a long term business partner to help us solve problems.
  • A solid implementation team and process.
  • Until you get familiar with the software, screens, buttons, etc, are not necessarily intuitive. It just takes time
  • Without being involved in the implementation process. A new user might have some difficulty getting up to speed on writing reports and using the system.
  • Having a liaison at CCH Tagetik that really understands our business needs so they can help guide us at various stages on implementing parts of CCH Tagetik that we may not be aware of.
CCH Tagetik is very suited for consolidation but not appropriate for GL detail.
October 29, 2015

Our new "finance" Portal

Score 10 out of 10
Vetted Review
Verified User
We use CCH Tagetik for sales planning and rolling forecasts across the whole organization. Today we can see at any time the status of our planning.
  • Quick access to all my Tasks and always up to date what is next.
  • Every change or simulation in planning, forecasting or budgeting now gives us immediate insight into the changes in the P&L AND balance sheet.
  • Tagetik makes it easy to collaborate now.
  • Reporting is very flexible with CCH Tagetik and therefore extensive in the preparation.
I am not aware of any restriction in which CCH Tagetik could not be used.
September 25, 2015

CCH Tagetik Review

Daniel Rizzo | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Incentivized
CCH Tagetik is being used as a reporting tool. The accounting / finance department uses it regularly to create financial statements and map accounts from our ledger to CCH Tagetik. The parking lot managers and sales teams use CCH Tagetik to see the profitability of their lots. CCH Tagetik has allowed different teams across the organization gain an understanding of the profitability of the lots by producing consistent financial reports.
  • 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, CCH 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 CCH Tagetik team has been very quick to assist in solving the issue. They really provide a great deal of support.
  • When setting up accounts, there are some fields that are not applicable to my company that I am still required to populate (i.e. exchange rate).
  • Making changes to existing reports is not the easiest thing.
I really think that CCH Tagetik could be utilized by a wide range of companies. I do not think that this program is specific to any one industry or size of company. I think the level of customization that is required is also something to keep in mind. CCH Tagetik was very willing to work with us to suit our company specific needs.
Bob Cooper | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
We use the system for all of our consolidation, internal and statutory external reporting. It is currently only used by the office of finance but the intention is to start letting all business areas submit their own budgets and forecasts to provide even better throughput. Cash flow forecasting will be our next target area.
  • Really quick and simple to create new reports
  • Retention of previous structures
  • Some of our reports are extremely large and complex (our fault) so can be a little slow to run during which time Excel is tied up on the users local PC. We have solved this by a Citrix Xenapp deployment but CCH Tagetik could consider implementing multi threading to speed things up.

Like most solutions you need to really understand what you are looking to deliver and ensure that your data structures are well thought out - CCH Tagetik consultants will help with this.

Do you have sufficient internal resources to work with the CCH Tagetik consultants during the implementation?

Don't set unrealistic implementation timetables. This is a complex extremely powerful product so don't rush things or you will not get delivery of the benefits.

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