Item: Wolters Kluwer CCH® Tagetik
Rating: 9
Author: Verified User

Use Cases and Deployment Scope

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.

Pros and Cons

Reports can be setup using multiple Hierarchy for various requirements.
Reclassification be pre determine before the final report output.
Workflow system to ease the lineage of how each report is formed and generated.
It can be served as a one true source system.

The steps of setting up the loading of data is slightly painful.
The steps and error message while connecting the process workflow has to provide a hint on which area needed to be fixed (because it could be anywhere or anything).
The combination of 2 segments for the excel upload on what's needed to eliminate is yet to resolved. Which made the entire list very long.

Return on Investment

Expect to have a quicker financial close.
Improved in accuracy for forecasting.
Improved in data transparency.

Alternatives Considered

Oracle Enterprise Manager

1. Price - CCH Tagetik offers a price advantage as compared to bigger competitors.
2. Modules - CCH Tagetik is able to provide what the Finance of today needs.
3. Usability - It is not difficult to use once a user is able to grasps hold of the Tagetik concept and mechanism

Usability

Surprisingly, this platform is a powerhouse ERP system. However, given time, when more and more organization is able to identify how powerful this tool can be, CCH Tagetik is able to stand as a competitive advantage to many of the Financial industry of today. Although, it needs time to understand the logic behind how CCH Tagetik is formed and setup, once it is known to the user, it is an easy day to day operations with minimal maintenance.

Other Software Used

QlikView, Oracle Enterprise Manager

Likelihood to Recommend

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.

Banking with CCH Tagetik

Overall Satisfaction with Wolters Kluwer (CCH Tagetik)