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

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 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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Budgyt is a platform made to simplify business budgeting. With built-in functions designed for data integrity, team collaboration, and scenario planning & analysis, Budgyt presents what the vendor describes as an optimized budgeting experience that rids users of complex, error-prone spreadsheets…

What is PlanGuru?

PlanGuru is budgeting, forecasting and financial analytics software for SMB's, Nonprofits and the Accountants/ Advisors that work with them.

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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 41)
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Score 9 out of 10
Vetted Review
Verified User
Review Source
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
Review Source
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
Review Source
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
Review Source
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
Review Source
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 8 out of 10
Vetted Review
Verified User
Review Source
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 9 out of 10
Vetted Review
Verified User
Review Source
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
Review Source
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
Review Source
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
Review Source
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
Review Source
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
Review Source
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
Review Source
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
Review Source
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.
Score 10 out of 10
Vetted Review
Verified User
Review Source
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.
Stefano Benetti | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source

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.

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