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.
CCH Tagetik: a great financial reporting and consolidation tool
The best solution for your business
Reporting package fit for the end user
- Management reporting on monthly base.
- Consolidation on quarterly base.
- Entering budget.
Wolters Kluwer CCH® Tagetik - Competent Enough
The one and only CPM tool
Improve data quality
Directly integrate with diversified ERP landscape
Wolters Kluwer CCH® Tagetik allows us to become the 'best in class' finance department, supporting citizenM's growth
First time EPM user Review of CCH TAGETIK
Positively Powerful!
Wolters Kluwer CCH® Tagetik - no idea what it means but it does deliver excellent group financial reporting.
Tagetik the good CPM tool
Usage of CCH Tagetik within Pharma
My experience with Tagetik
Power of Wolters Kluwer CCH Tagetik
Easy for end users to follow.
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
- Excel data integration (42)9.090%
- Management Reporting (45)8.989%
- Management reporting (45)8.686%
- Excel-based Reporting (47)7.979%
Reviewer Pros & Cons
Pricing
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
Would you like us to let the vendor know that you want pricing?
24 people also want pricing
Alternatives Pricing
What is Budgyt?
Budgyt is a platform made to simplify business budgeting. With built-in functions designed for data integrity, team collaboration, and scenario planning & analysis, Budgyt is presented as an optimized budgeting experience that rids users of complex, error-prone spreadsheets and the time-consuming…
What is PlanGuru?
PlanGuru is budgeting, forecasting and financial analytics software for SMB's, Nonprofits and the Accountants/ Advisors that work with them.
Features
BI Standard Reporting
Standard reporting means pre-built or canned reports available to users without having to create them.
- 8Pixel Perfect reports(7) Ratings
Pixel Perfect reports are highly-formatted reports with graphics and ability to preview the report before printing.
- 8.5Customizable dashboards(8) Ratings
Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.
- 8.2Report Formatting Templates(9) Ratings
Ad-hoc Reporting
Ad-Hoc Reports are reports built by the user to meet highly specific requirements.
- 8.3Drill-down analysis(21) Ratings
Drill down analysis is the ability to get to a further level of detail by going deeper into the hierarchy.
- 8.4Formatting capabilities(21) Ratings
Ability to format output e.g. conditional formatting, lines, headers, footers.
- 7.7Integration with R or other statistical packages(7) Ratings
Integration with the open-source R predictive modeling environment.
- 8.2Report sharing and collaboration(13) Ratings
Report sharing and collaboration is the ability to easily share reports with others.
Report Output and Scheduling
Ability to schedule and manager report output.
- 8.4Publish to Web(9) Ratings
- 8.2Publish to PDF(12) Ratings
- 7.9Report Versioning(12) Ratings
Report versioning is the assignment of version numbers to each version of a report to help in tracking.
- 7.9Report Delivery Scheduling(9) Ratings
Report Delivery Schedule is the ability to have reports delivered to a destination at a specific data and time.
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.
- 7.9Pre-built visualization formats (heatmaps, scatter plots etc.)(6) Ratings
Pre-built visualization formats are canned visualization types that can be selected to visualize different kinds of data.
- 7.9Location Analytics / Geographic Visualization(4) Ratings
Location analytics is the visualization of geographical or spatial data.
- 8.7Predictive Analytics(6) Ratings
Predictive Analytics is the ability to build forecasting models based on existing data sets.
- 9.1Pattern Recognition and Data Mining(1) Ratings
Pattern recognition and data mining mean the ability to recognize hidden patterns in large quantities of data.
Access Control and Security
Access control means being able to determine who has access to which data.
- 8.9Multi-User Support (named login)(20) Ratings
Named model access means that users have access based on name and password.
- 8.5Role-Based Security Model(19) Ratings
Role-based access means that access to data is determined by job or position in the corporation.
- 8.1Multiple Access Permission Levels (Create, Read, Delete)(20) Ratings
Multiple access permission levels means that different levels of users have different rights.
- 7.9Report-Level Access Control(3) Ratings
Report-level access control means that the type of report determines who has access to it.
- 8Single Sign-On (SSO)(14) Ratings
Allows users to use one set of login credentials to access multiple applications
Mobile Capabilities
Support for mobile devices like smartphones and tablets.
- 6.3Responsive Design for Web Access(8) Ratings
Web design aimed at producing easy-to-read sites across a range of different devices.
- 7.7Dashboard / Report / Visualization Interactivity on Mobile(6) Ratings
In-app dashboard reports and data visualization.
Budgeting, Planning, and Forecasting
These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning
- 8.3Long-term financial planning(33) Ratings
3-5 year financial plan with cashflow.
- 8.1Financial budgeting(41) Ratings
Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.
- 8.5Forecasting(38) Ratings
Combining actuals and budgets, rolling forecasts, driver-based models.
- 8.2Scenario modeling(33) Ratings
Financial or operational modeling of alternate future states and planning for each.
- 8.6Management reporting(45) Ratings
Budget vs. actual or forecast, P&L’s, performance over time, between products etc.
Consolidation and Close
Consolidation of data from multiple entities with currency management, reporting and audit trails.
- 8.9Financial data consolidation(37) Ratings
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
- 8.6Journal entries and reports(35) Ratings
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
- 9.1Multi-currency management(32) Ratings
Ability to handle foreign currency conversions during consolidation.
- 8.6Intercompany Eliminations(35) Ratings
Matching and elimination of intercompany revenue, expenses, and balance sheet accounts.
- 6.7Minority Ownership(28) Ratings
Consolidate financials full or partial ownership of subsidiaries, equity pick-up.
- 9Local and consolidated reporting(41) Ratings
Ability to report against individual business entities and the consolidated umbrella entity.
- 7.5Detailed Audit Trails(33) Ratings
Tracing changes to data and processes that were run.
Financial Reporting and Compliance
Financial statements and regulatory filings
- 9Financial Statement Reporting(39) Ratings
Creation and production of balance sheets, income statements, cash flows, other schedules
- 8.9Management Reporting(45) Ratings
Tools facilitating creation of internal ad hoc or standard reports.
- 7.9Excel-based Reporting(47) Ratings
Ad hoc or formatted reports using MS Excel.
- 8.1Automated board and financial reporting(32) Ratings
Tools to help automate creation of regulatory reports such as SEC filings and board books.
- 8.2XBRL support for regulatory filing(18) Ratings
Support for the XBRL standard reporting format for exchanging financial data.
Analytics and Reporting
Dashboards and scorecards for KPI monitoring and benchmarking
- 7.7Personalized dashboards(26) Ratings
Create custom dashboards and reports without the help of IT or administrators.
- 7.5Color-coded scorecards(20) Ratings
Track and analyze performances with interactive, color-coded balanced scorecards.
- 8.4KPIs(24) Ratings
Select from a library of more than 6,000 key performance indicators, and incorporate KPIs into your planning process.
- 8.2Cost and profitability analysis(22) Ratings
Cost and profitability analysis provides data for business decision making.
- 7.8Key Performance Indicator setting(22) Ratings
Ability to set key performance indicators for measuring progress towards goals.
- 8Benchmarking with external data(14) Ratings
CPI, daily exchange rates, industry KPIs. with scheduled data refreshes.
Integration
Ability to integrate with external applications.
- 8.2Flat file integration(38) Ratings
Integration of flat files like text documents and comma separated files
- 9Excel data integration(42) Ratings
Ability to integrate directly with Excel data.
- 7.9Direct links to 3rd-party data sources(29) Ratings
Integration with external applications like ERP, CRM, HCM
Product Details
- About
- Integrations
- Competitors
- Tech Details
- FAQs
What is Wolters Kluwer CCH® Tagetik?
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
Wolters Kluwer CCH® Tagetik Video
Visit https://vimeo.com/856502165/538aa9c442 to watch Wolters Kluwer CCH® Tagetik video.
Wolters Kluwer CCH® Tagetik Integrations
Wolters Kluwer CCH® Tagetik Competitors
Wolters Kluwer CCH® Tagetik Technical Details
Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Windows, Linux, Mac |
Mobile Application | Apple iOS, Android, Windows Phone |
Supported Countries | All regions |
Supported Languages | English, Spanish, Italian, French |
Frequently Asked Questions
Comparisons
Compare with
Reviews and Ratings
(69)Attribute Ratings
- 8.3Likelihood to Renew10 ratings
- 7.3Availability2 ratings
- 9.1Performance2 ratings
- 8.1Usability14 ratings
- 10Support Rating5 ratings
- 8.2Online Training1 rating
- 6.4In-Person Training2 ratings
- 6.4Implementation Rating2 ratings
- 7.3Configurability1 rating
- 9.1Product Scalability2 ratings
- 8.2Vendor pre-sale2 ratings
- 7.3Vendor post-sale2 ratings
Reviews
(1-5 of 5)Reporting package fit for the end user
- Management reporting on monthly base.
- Consolidation on quarterly base.
- Entering budget.
- 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.
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.
- Financial budgeting
- 80%8.0
- Management reporting
- 100%10.0
- Journal entries and reports
- 30%3.0
- Multi-currency management
- 90%9.0
- Intercompany Eliminations
- 90%9.0
- Minority Ownership
- 90%9.0
- Local and consolidated reporting
- 80%8.0
- Detailed Audit Trails
- 90%9.0
- Financial Statement Reporting
- 90%9.0
- Management Reporting
- 100%10.0
- Excel-based Reporting
- 100%10.0
- Automated board and financial reporting
- 80%8.0
- Flat file integration
- 100%10.0
- Excel data integration
- 100%10.0
- Drill-down analysis
- 80%8.0
- Formatting capabilities
- 30%3.0
- Report sharing and collaboration
- 60%6.0
- One version on the truth: mgmt and console in 1 package.
- ease of use and easy to hand over to new people
- SAP BPC (Business Planning and Consolidation)
- monthly reporting
- consolidation
- budget
- kpi reporting
- seamless integration with Excel (major asset!!!)
- ease of use for non IT person
- you feel that this product is build by people with the same profile as the users, and not by some IT people who believe they know what the user needs
- very decent support and documentation where a lot of information can be found
- other way of budgetting
- moving towards forecasting and flexible budgetting
We use it already almost 5 years and never had any serious issue with the product.
user-friendliness
outdated and not supported anymore.
we wanted to replace it as the used functionality wasn't supported anymore. Too much need of IT skills to maintain, not flexible, bad (or none) customer support . not suitable for company where no dedicated IT person is in house
- Price
- Product Features
- Product Usability
- Product Reputation
- Implemented in-house
- Third-party professional services
- some uploads of figures from our previous system were a bit time consuming
- doing it ourselves slowed a bit the process
- In-Person Training
- updating dimensions
- making reports
- entering data to the system
- managing the ETL
- consolidation logics
Flexible. Scalable. Consistent. The one stop solution for your financial reporting needs.
- 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.
- Long-term financial planning
- 60%6.0
- Financial budgeting
- 60%6.0
- Forecasting
- 60%6.0
- Scenario modeling
- N/AN/A
- Management reporting
- 80%8.0
- Financial data consolidation
- 90%9.0
- Journal entries and reports
- 90%9.0
- Multi-currency management
- N/AN/A
- Intercompany Eliminations
- 100%10.0
- Minority Ownership
- 60%6.0
- Local and consolidated reporting
- 90%9.0
- Detailed Audit Trails
- 100%10.0
- Financial Statement Reporting
- 90%9.0
- Management Reporting
- 80%8.0
- Excel-based Reporting
- 90%9.0
- Automated board and financial reporting
- 80%8.0
- XBRL support for regulatory filing
- 80%8.0
- Personalized dashboards
- N/AN/A
- Color-coded scorecards
- N/AN/A
- KPIs
- N/AN/A
- Cost and profitability analysis
- N/AN/A
- Key Performance Indicator setting
- N/AN/A
- Benchmarking with external data
- N/AN/A
- Flat file integration
- 90%9.0
- Excel data integration
- 90%9.0
- Direct links to 3rd-party data sources
- 70%7.0
- Pixel Perfect reports
- N/AN/A
- Customizable dashboards
- N/AN/A
- Report Formatting Templates
- N/AN/A
- Drill-down analysis
- 80%8.0
- Formatting capabilities
- 80%8.0
- Integration with R or other statistical packages
- N/AN/A
- Report sharing and collaboration
- 80%8.0
- Publish to Web
- N/AN/A
- Publish to PDF
- 90%9.0
- Report Versioning
- 80%8.0
- Report Delivery Scheduling
- N/AN/A
- Pre-built visualization formats (heatmaps, scatter plots etc.)
- N/AN/A
- Location Analytics / Geographic Visualization
- N/AN/A
- Predictive Analytics
- N/AN/A
- Multi-User Support (named login)
- 90%9.0
- Role-Based Security Model
- 90%9.0
- Multiple Access Permission Levels (Create, Read, Delete)
- 90%9.0
- Single Sign-On (SSO)
- 90%9.0
- Responsive Design for Web Access
- N/AN/A
- Dashboard / Report / Visualization Interactivity on Mobile
- N/AN/A
- 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
- 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.
- Professional services company
- 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)
- Online training
- in-person training
- 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.
- 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.
- Long-term financial planning
- N/AN/A
- Financial budgeting
- 80%8.0
- Forecasting
- N/AN/A
- Scenario modeling
- N/AN/A
- Management reporting
- 60%6.0
- Financial data consolidation
- N/AN/A
- Journal entries and reports
- N/AN/A
- Multi-currency management
- N/AN/A
- Intercompany Eliminations
- N/AN/A
- Minority Ownership
- N/AN/A
- Local and consolidated reporting
- N/AN/A
- Detailed Audit Trails
- N/AN/A
- Financial Statement Reporting
- N/AN/A
- Management Reporting
- N/AN/A
- Excel-based Reporting
- 100%10.0
- Automated board and financial reporting
- N/AN/A
- XBRL support for regulatory filing
- N/AN/A
- Personalized dashboards
- 50%5.0
- Color-coded scorecards
- 70%7.0
- KPIs
- 60%6.0
- Cost and profitability analysis
- N/AN/A
- Key Performance Indicator setting
- N/AN/A
- Benchmarking with external data
- N/AN/A
- Flat file integration
- 100%10.0
- Excel data integration
- 90%9.0
- Direct links to 3rd-party data sources
- N/AN/A
- Pixel Perfect reports
- N/AN/A
- Customizable dashboards
- 50%5.0
- Report Formatting Templates
- N/AN/A
- Drill-down analysis
- 80%8.0
- Formatting capabilities
- 50%5.0
- Integration with R or other statistical packages
- N/AN/A
- Report sharing and collaboration
- 80%8.0
- Publish to Web
- 90%9.0
- Publish to PDF
- N/AN/A
- Report Versioning
- N/AN/A
- Report Delivery Scheduling
- N/AN/A
- Pre-built visualization formats (heatmaps, scatter plots etc.)
- N/AN/A
- Location Analytics / Geographic Visualization
- N/AN/A
- Predictive Analytics
- N/AN/A
- Multi-User Support (named login)
- 90%9.0
- Role-Based Security Model
- 90%9.0
- Multiple Access Permission Levels (Create, Read, Delete)
- 90%9.0
- Single Sign-On (SSO)
- 100%10.0
- Responsive Design for Web Access
- N/AN/A
- Dashboard / Report / Visualization Interactivity on Mobile
- N/AN/A
- CCH Tagetik makes our data model more transparent a logical ; data are easier to share
- Too early to estimate a ROI
- Managing hierarchies
- Excel add-in
- Making a simple adhoc query is too long and requires too much training
- ETL are powerfull but quite complex to read without IT
Experience with CCH Tagetik CPM for banking planning
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.
- Long-term financial planning
- 80%8.0
- Forecasting
- 60%6.0
- Scenario modeling
- 80%8.0
- Management reporting
- 70%7.0
- Financial data consolidation
- 80%8.0
- Intercompany Eliminations
- 70%7.0
- Local and consolidated reporting
- 60%6.0
- Management Reporting
- 60%6.0
- Excel-based Reporting
- 60%6.0
- Personalized dashboards
- 70%7.0
- Color-coded scorecards
- 60%6.0
- KPIs
- 60%6.0
- Key Performance Indicator setting
- 60%6.0
- Benchmarking with external data
- 80%8.0
- Flat file integration
- 90%9.0
- Excel data integration
- 90%9.0
- at the moment, cannot estimate
Planning & Control
Brench Budgeting
Cost Management
- Stategic Palannin
- CCost Management
- Quick allocation
- Audit
- budget for managers
I gave this vote because the application meets the needs of the company, even if some features could be made more linear, facilitating the adoption speed. I have a lot of expectation for future releases, especially for the reporting. It would be desirable to integrate with alternative bi tools (power BI or similar).
- Allocation
- Audit Tool
- DB management
- MDX
- different way to do the same things
CCH Tagetik at a Glance
- 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.
- Long-term financial planning
- 100%10.0
- Financial budgeting
- 100%10.0
- Forecasting
- 100%10.0
- Scenario modeling
- N/AN/A
- Management reporting
- 100%10.0
- Financial data consolidation
- 100%10.0
- Journal entries and reports
- 100%10.0
- Multi-currency management
- 100%10.0
- Intercompany Eliminations
- 30%3.0
- Minority Ownership
- 100%10.0
- Local and consolidated reporting
- 100%10.0
- Detailed Audit Trails
- 100%10.0
- Financial Statement Reporting
- 100%10.0
- Management Reporting
- 100%10.0
- Excel-based Reporting
- 100%10.0
- Automated board and financial reporting
- 100%10.0
- XBRL support for regulatory filing
- 100%10.0
- Personalized dashboards
- 100%10.0
- Color-coded scorecards
- 100%10.0
- KPIs
- N/AN/A
- Cost and profitability analysis
- 100%10.0
- Key Performance Indicator setting
- 100%10.0
- Benchmarking with external data
- 100%10.0
- Flat file integration
- 100%10.0
- Excel data integration
- 100%10.0
- Direct links to 3rd-party data sources
- 100%10.0
- Gave us a tool that can absolutely grow with us to help multi phase implementations.
- A significant time savings in terms of the amount of time we used to spend running reports vs. the time we spend now. Unbelievable improvement.
- Gives us the option to use CCH Tagetik to solve business problems that perhaps we didn't have when we implemented CCH Tagetik. It gives us options without the possibility of implementing a whole other software package.
- bi360, deFacto Performance Management and Solver
- Consolidation
- Budgeting
- Statistical
- Statutory reporting
- Dashboarding
- Board reporting
- Fixed asset planning
- HR planning
- Board reporting
- Price
- Product Features
- Product Usability
- Product Reputation
- Vendor Reputation
- Existing Relationship with the Vendor
- Positive Sales Experience with the Vendor
- Analyst Reports
- Implemented in-house
- Just getting used to writing reports
- Time to find from regular job to implement
- Physically running of reprts
- Getting used to creating reports can be difficult to get used to
- Navigating until you get used to it