CCH Tagetik: a great financial reporting and consolidation tool
Updated July 08, 2021

CCH Tagetik: a great financial reporting and consolidation tool

Hugo Bongers | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Wolters Kluwer CCH® Tagetik

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.
  • Consolidating: creating a solid report from all the different inputs.
  • Reporting: the data comes out exactly as we want it, how we want it.
  • Input: the different users can just send us their data in xslx-format, CCH Tagetik does not require a great number of users all using the tool.
  • The support and education possibilities are of great quality.
  • The learning curve is quite steep.
  • Sometimes the Italian terms are a bit hard to understand.
CCH Tagetik was in the end the best choice for us. As I was not directly involved in the decision making process, I don't have all the details, but a combination of costanalysis, ease-of-use, migration-analysis and the fact that CCH Tagetik has a dutch office almost in walking distance to our companys headquarters must have helped!
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.

Wolters Kluwer CCH® Tagetik Feature Ratings

Long-term financial planning
8
Financial budgeting
7
Forecasting
8
Scenario modeling
8
Management reporting
9
Financial data consolidation
9
Journal entries and reports
9
Multi-currency management
Not Rated
Intercompany Eliminations
8
Minority Ownership
Not Rated
Local and consolidated reporting
9
Detailed Audit Trails
8
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
9
Automated board and financial reporting
9
XBRL support for regulatory filing
9
Personalized dashboards
Not Rated
Color-coded scorecards
8
KPIs
8
Cost and profitability analysis
8
Key Performance Indicator setting
7
Benchmarking with external data
8
Flat file integration
8
Excel data integration
9
Direct links to 3rd-party data sources
Not Rated
Pixel Perfect reports
Not Rated
Customizable dashboards
Not Rated
Report Formatting Templates
9
Drill-down analysis
8
Formatting capabilities
8
Integration with R or other statistical packages
7
Report sharing and collaboration
8
Publish to Web
Not Rated
Publish to PDF
8
Report Versioning
8
Report Delivery Scheduling
7
Pre-built visualization formats (heatmaps, scatter plots etc.)
8
Location Analytics / Geographic Visualization
Not Rated
Predictive Analytics
9
Multi-User Support (named login)
9
Role-Based Security Model
9
Multiple Access Permission Levels (Create, Read, Delete)
9
Single Sign-On (SSO)
Not Rated
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated

Using Wolters Kluwer CCH® Tagetik

20 - Financial controllers, application managers, information analysts, accountants
2 - The support is realized by a small team of application managers and information analysts with above average financial knowledge.
  • Reporting financial data
  • Consolidating financial data
  • We have been able to cut out a lot of manual Excel work by making good use of Tagetik's automation capabilities.
  • There are no plans in the foreseeable future to change the way we use the tool.
The tool is versatile, dependable, well embedded in our processes. The users give it a high rate of satisfaction and we have little or no complaints or additional requests for other features.

Do you think Wolters Kluwer CCH® Tagetik delivers good value for the price?

Yes

Are you happy with Wolters Kluwer CCH® Tagetik's feature set?

Yes

Did Wolters Kluwer CCH® Tagetik live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Wolters Kluwer CCH® Tagetik go as expected?

I wasn't involved with the implementation phase

Would you buy Wolters Kluwer CCH® Tagetik again?

Yes

Wolters Kluwer CCH® Tagetik Support

I have had the pleasure of attending some courses at the dutch offices of CCH Tagetik. These were very educational with excellent trainers, a very enjoyable accomodation and they helped me a lot with regards to starting to use CCH Tagetik.
ProsCons
Quick Resolution
Good followup
Knowledgeable team
Problems get solved
Kept well informed
No escalation required
Immediate help available
Support understands my problem
Support cares about my success
Quick Initial Response
None
No, because we had very good training and only purchase it on need-to-get-basis
When I followed a training at their offices in the Netherlands. They adapted the course to our specific needs and were extremely knowledgeable, friendly and well-prepared