Wolters Kluwer CCH® Tagetik

Wolters Kluwer CCH® Tagetik

About TrustRadius Scoring
Score 8.4 out of 100
Wolters Kluwer CCH® Tagetik

Overview

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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Easy for end users to follow.

9 out of 10
July 09, 2021
We use CCH Tagetik across the organisation, predominantly with users based in finance. It allows us to report the actuals consistently, as …
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Banking with CCH Tagetik

9 out of 10
April 22, 2021
Currently, CCH Tagetik is being used by a department. Eventually, there will be a pipeline to use it across the whole organization for the …
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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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Awards

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Popular Features

View all 46 features
  • Excel-based Reporting (40)
    9.0
    90%
  • Management Reporting (38)
    8.9
    89%
  • Financial budgeting (35)
    8.3
    83%
  • Management reporting (38)
    7.7
    77%

Reviewer Pros & Cons

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Video Reviews

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Pricing

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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

Offerings

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

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Alternatives Pricing

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Kepion is a cloud planning & analytics software company that connects all organizations' teams under a single view of their business performance. We enable more intelligent decisions to be made by companies about their financial and operational future. Kepion global offices and partners deliver…

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Features Scorecard

BI Standard Reporting

7.8
78%

Ad-hoc Reporting

7.3
73%

Report Output and Scheduling

7.5
75%

Data Discovery and Visualization

7.5
75%

Access Control and Security

8.2
82%

Mobile Capabilities

7.8
78%

Budgeting, Planning, and Forecasting

8.1
81%

Consolidation and Close

8.2
82%

Financial Reporting and Compliance

8.6
86%

Analytics and Reporting

8.0
80%

Integration

8.0
80%
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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
  • SAP SAC
  • and integrates with all other source systems

Wolters Kluwer CCH® Tagetik Competitors

Wolters Kluwer CCH® Tagetik Technical Details

Deployment TypesOn-premise, SaaS
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 Excel-based Reporting highest, with a score of 9.

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

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Reviews

(1-25 of 31)
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Score 9 out of 10
Vetted Review
Verified User
Review Source
Similar, but with key strengths (report formats and online help and support) and some shortfalls (e.g. HFM ad-hoc reporting and smart view tools are better than those in Wolters Kluwer CCH® Tagetik). On balance, taking into account licensing and the full cost of ownership, Wolters Kluwer CCH® Tagetik is a very strong contender with a number of USP advantages over HFM.
Score 8 out of 10
Vetted Review
Verified User
Review Source
SAP S/4 HANA is a standalone tool for databases. I don't know any other product which is that effective with the databases. but for many customers it's too expensive and powerful which also results in the knowhow is needed and otherwise its really hard to get into SAP S/4 HANA doings. That's the point where Tagetik gets into it because its easier to understand and implement. the price is less and so customers change their system or let the database on HANA and the consolidation tool is Tagetik.
Score 8 out of 10
Vetted Review
Verified User
Review Source
Tagetik have a better integration in all parts in our customers systems. it is a lot easier to implement the data. SAP has the problem that there is a lot of different programms and tools, which has to buy to work with a complete tool. But if one part is missing the total sap system don not work anymore. in tagetik all tools are integrated in the system itself.
Score 8 out of 10
Vetted Review
Verified User
Review Source
CCH Tagetik was in the end the best choice for us. As I was not directly involved in the decision making process, I don't have all the details, but a combination of costanalysis, ease-of-use, migration-analysis and the fact that CCH Tagetik has a dutch office almost in walking distance to our companys headquarters must have helped!
Score 9 out of 10
Vetted Review
Verified User
Review Source
1. Price - CCH Tagetik offers a price advantage as compared to bigger competitors.
2. Modules - CCH Tagetik is able to provide what the Finance of today needs.
3. Usability - It is not difficult to use once a user is able to grasps hold of the Tagetik concept and mechanism
Score 10 out of 10
Vetted Review
Reseller
Review Source
Jedox is a white paper - you can do anything and when you say this it is less accurate to the financial need, it asks a lot of specifics.
CCH Tagetik has a financial DNA that helps a lot.
Alessandro Mantini | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
With reference to those products, CCH Tagetik showed to be more flexible and had minor impacts on user interface experience, allowing us to obtain the reporting package we were looking for.
Score 10 out of 10
Vetted Review
Verified User
Review Source
We have been using CCH Tagetik for uploading Financial data from our other ERP system such as ACCPAC, Navision, Talent etc.. My experience with SAP was using them as ERP system. Thus can't really do a lot of comparison between the two system. The main reason why CCH Tagetik was selected is due to lower cost compared to SAP which cost a fortune.
On the other hand, TM1/IBM Cognos is another system that provided Cube reporting function which allows drag and pull function. The reason to against it is due to complexity on setting up the system and not as user friendly as CCH Tagetik.
Score 7 out of 10
Vetted Review
Verified User
Review Source
We have had a 3-year experience with Anaplan for budgeting and performance management on part of our business. Anaplan is brilliant provided you have technical skills to manage multi-dimensional data, and provided you don't have to store large amounts of data (gigabytes are expensive when stored in-memory). There is no use storing your budget in Anaplan once you have calculated it. My opinion is that Anaplan is great if you proceed to frequent (daily or weekly) calculations, not for a monthly analysis. From this point of view, CCH Tagetik is more appropriate for Enterprise Management Performance.
Score 8 out of 10
Vetted Review
Verified User
Review Source
We wanted a more accounting-based solution to meet IFRS 17. There are some solutions which were fundamentally more data-based or actuarial-based, hence we wanted a solution that was fundamentally strong in accounting/ financial applications.
Cesare Schiarea | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source

CCH Tagetik won against competitors thanks to:

  • Positive Credem experience with CCH Tagetik.
  • Complete overlap with our strategic needs (Solvency II and more)
  • Better cost-benefit analysis.
  • Lower internal effort required, especially on IT dept.
  • International player with a close attention to local supervisory requirements.
  • Good habit to make a single client's product enhancement part of their commercial platform.
  • Long last relationship established during analysis.
January 06, 2017

CCH Tagetik, what else.

Arshak Shamoun | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source

Some of the reason(s) for us to choose for CCH Tagetik are as follows:

  • XBRL implementation and support: CCH Tagetik convinced us that it will develop, provide and support us with regards to reporting according to the XBRL standards.
  • Great support, both from CCH Tagetik Benelux as from CCH Tagetik Italy (Head Office). One of the requirements was that the vendor should be also located in the Netherlands.
  • flexible software
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