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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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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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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.

7.7
Avg 8.3

Report Output and Scheduling

Ability to schedule and manager report output.

8.2
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.

8.5
Avg 7.6

Access Control and Security

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

8.7
Avg 8.7

Mobile Capabilities

Support for mobile devices like smartphones and tablets.

6.6
Avg 7.9

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.

8.5
Avg 7.9

Financial Reporting and Compliance

Financial statements and regulatory filings

8.5
Avg 8.2

Analytics and Reporting

Dashboards and scorecards for KPI monitoring and benchmarking

8.1
Avg 8.0

Integration

Ability to integrate with external applications.

8.7
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 Local and consolidated reporting and Excel data integration highest, with a score of 9.2.

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

(70)

Reviews

(1-25 of 49)
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a long journey with Wolters Kluwer CCH® Tagetik

Rating: 8 out of 10
March 30, 2024
Verified User
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
10 years of experience
we use Wolters Kluwer CCH® Tagetik for severamente needs, we use it for consolidation purposes, taxes, green and social, integrated reporting, financial planning, treasury purposes, actuarial, taxes, mvbs and pillar 3 streams. We use the solution in cloud using as SaaS. We are able to distribute and deploy the application to our Group Companies that help us to optimize the time, respect very strict deadlines and for sure we are able to be compliant with regulations as per IFRS

CCH Tagetik: a great financial reporting and consolidation tool

Rating: 8 out of 10
March 23, 2024
HB
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
4 years of experience
Our company uses CCH Tagetik mainly for financial consolidation and reporting. We are a Top-3-health insurance-company in the Netherlands and are therefore required by law to provide i.e. the Dutch National Bank with a number of financial reports periodically. Since we have several labels in our company, consolidating all the different data into the required format is made very easy by using CCH Tagetik.

The best solution for your business

Rating: 8 out of 10
March 23, 2024
Verified User
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
2 years of experience
Tagetik is the solution we needed to comply with the business needs of having a single user-oriented platform unifying multiple core processes within the IFRS/MVBS processes consolidation, planning and forecast, S2/P3 disciplines, and regulatory reporting scope. In this context, we took advantage of flexibility, built-in processes, and ETL functionalities which let every project to be configured and maintained in reduced time and this increased our company's value in a cost-effective manner.

Reporting package fit for the end user

Rating: 9 out of 10
March 22, 2024
Verified User
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
4 years of experience
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.

Wolters Kluwer CCH® Tagetik - Competent Enough

Rating: 9 out of 10
October 17, 2023
Verified User
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
1 year of experience
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.

The one and only CPM tool

Rating: 10 out of 10
June 29, 2023
Verified User
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
3 years of experience
Support reduction of month end closing time
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

Rating: 9 out of 10
December 30, 2022
Verified User
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
7 years of experience
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.

First time EPM user Review of CCH TAGETIK

Rating: 8 out of 10
December 08, 2022
Verified User
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
1 year of experience
I use this software with our client DANONE Food Group, a dairy F&B giant in Europe with 100,000+ employees all over the world where I support the user that perform monthly closing in Tagetik for P&L. This software makes everything happened at a click of a button by uploading, automating data processed w/ integrity checks for accurate P&L with a simplified user interface that's easy to navigate. Compared to how they used to produce their P&L through excel before, from sending one sheet over to the other, having multiple tabs for each month or scenario, tagetik stores everything in the cloud and allocate, processed and analyze all the data in one click of a button in a workflow. It's quite amazing what the software can do, with it's low level detail storing in the P&L reporting. The integration of controlling cloud (Power BI) made it easier for our user to do self service of creating their own report.

Positively Powerful!

Rating: 8 out of 10
October 31, 2022
AR
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
2 years of experience
We needed a software that could consolidate a variety of currencies and ERP systems. Tagetik has definitely provided that for us. We use 8 different ERP systems and 16 currencies. With Tagetik we can report in any currency we need and consolidate our financials during month end close as often as we desire.

Wolters Kluwer CCH® Tagetik - no idea what it means but it does deliver excellent group financial reporting.

Rating: 9 out of 10
April 04, 2022
AJ
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
2 years of experience
Used for management reporting and financial statement preparation. The product is critical for multicurrency consolidation and reporting for the entity, regional, and group structures. We have c.20 reporting entities and users.

Tagetik the good CPM tool

Rating: 8 out of 10
March 16, 2022
Verified User
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
3 years of experience
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.

Usage of CCH Tagetik within Pharma

Rating: 10 out of 10
March 08, 2022
Verified User
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
13 years of experience
The company strategy and organizational model have changed, together with a newly implemented TO-BE primary process. Current systems were not capable to deal with this and the growing information needs of various stakeholders. Therefore CCH Tagetik is implemented for consolidation, reporting, analysis, budgeting, planning and forecasting, and annual reports. To support the organic growth and acquisition strategy.

My experience with Tagetik

Rating: 8 out of 10
January 14, 2022
Verified User
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
2 years of experience
We are a consulting company and implement the software for other organizations. We also support our customers. For sure we use Wolters Kluwer CCH Tagetik for accounting, controlling, planning, and consolidation stuff. All our customers are happy to use this tool for their accounting or controlling because it makes things a lot easier for them.

Power of Wolters Kluwer CCH Tagetik

Rating: 10 out of 10
October 15, 2021
VM
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
2 years of experience
We use Tagetik to integrate users from different companies based on their business needs. We completed the entire planning and budgeting procedure from beginning to conclusion. Actually, our customers were utilizing Excel to create their budgets before being switched to Tagetik to automate the process. We've covered everything from excel to Tagetik when it comes to automation. Our customer uses Tagetik [now] to create budgets for all of their departments, including HR, Revenue, and so on.

Easy for end users to follow.

Rating: 9 out of 10
July 09, 2021
Verified User
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
1 year of experience
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.

Banking with CCH Tagetik

Rating: 9 out of 10
April 22, 2021
Verified User
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
1 year of experience
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.

CCH Tagetik use in Shipping

Rating: 9 out of 10
March 30, 2021
Verified User
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
7 years of experience
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.

Flexible. Scalable. Consistent. The one stop solution for your financial reporting needs.

Rating: 9 out of 10
March 26, 2021
AM
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
11 years of experience
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.

Wolters Kluwer/CCH Tagetik Review

Rating: 10 out of 10
March 18, 2021
Verified User
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
2 years of experience
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.

Get and maintain visibility on your financial data with CCH Tagetik

Rating: 7 out of 10
March 11, 2021
LM
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
1 year of experience
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.

IFRS 17 implementation (Malaysia)

Rating: 8 out of 10
February 26, 2021
Verified User
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
1 year of experience
We are implementing the IFRS 17 Starter Kit to help us meet IASB's IFRS 17 standard. It is being used predominantly by Finance department, with some involvement from the Actuarial department. This IFRS 17 Starter Kit helps us generate financial numbers and disclosures based on IFRS 17 standard requirements such as - measurement models (BBA, PAA), discounting, risk adjustment, fulfilment cash flows, etc.

CCH Tagetik: What else!

Rating: 9 out of 10
April 27, 2019
MD
Vetted Review
Verified User
Wolters Kluwer CCH® Tagetik
3 years of experience
We choose CCH Tagetik to cover all CPM processes moving away from Excel. It's used across the entire organization for statutory balance, budget planning, and forecasting, IFRS16 and we are planning to expand it to other company processes. With CCH Tagetik we have a global solution with workflows, approval task and a unique process for the whole company and its subsidiaries.
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