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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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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)
    8.7
    87%
  • Excel-based Reporting (47)
    7.8
    78%

Reviewer Pros & Cons

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Pricing

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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

Would you like us to let the vendor know that you want pricing?

28 people also want pricing

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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 7.9

Ad-hoc Reporting

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

8.2
Avg 8.2

Report Output and Scheduling

Ability to schedule and manager report output.

8.1
Avg 8.1

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.

6.9
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

8.4
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

8
Avg 8.0

Integration

Ability to integrate with external applications.

8.3
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

(1-25 of 48)
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Score 8 out of 10
Vetted Review
Verified User
The expertise of the Wolters Kluwer CCH® Tagetik team is high, the software itself is complete and is quite easy to customize, cover at least all the needs and there are a lot of different modules that can be tailored in each organization and business.
Score 8 out of 10
Vetted Review
Verified User
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.
Score 8 out of 10
Vetted Review
Verified User
I think Tagetik functionalities still fit our business needs perfectly, especially since the platform implemented offers a powerful BI experience by keeping at the same time a user-oriented approach. This means the values of the company can be increased at lower time and costs, also thanks to the support given that is always punctual, fast and effective.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
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
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
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
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
Incentivized
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
Incentivized
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
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
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
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.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
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
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
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
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 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
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
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
Incentivized
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
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
Incentivized
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.
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