TrustRadius
Excellent CPM use Tagetik
https://www.trustradius.com/corporate-performance-management-cpmCCH TagetikUnspecified8.536101
Bjørn Born Sylvest profile photo
August 26, 2015

Excellent CPM use Tagetik

Score 10 out of 101
Vetted Review
Verified User
Review Source

Software Version
Tagetik 4.2

Overall Satisfaction with Tagetik

We use Tagetik as a full CPM tool for consolidation, planning, forecasting and intelligent data collection.
  • Consolidates more than 150 entities quickly and precisely.
  • Scalable planning for more than 1000+ users.
  • BI intergrated.
  • Workflow process over all dimensions.
  • New MDM process flow for better ERP intergration and management of mapping of the metadata.
  • Consolidation per counterpart at all dimensions.
  • Faster closure
  • Better reporting and faster
  • New possibilities for forecasting
Hyperion and SAP BPC
We have not found any processes where Tagetik comes too short.

CCH Tagetik Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
8
Scenario modeling
8
Management reporting
10
Financial data consolidation
10
Journal entries and reports
6
Multi-currency management
10
Intercompany Eliminations
10
Minority Ownership
10
Local and consolidated reporting
10
Detailed Audit Trails
10
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
Personalized dashboards
10
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
10
Key Performance Indicator setting
10
Benchmarking with external data
10
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10

Using Tagetik

Sales, R&D, Marketing, procurement, IT, Supply Chain, HSE, Finance...
Finance and a little IT but business process knowledge is needed for sure
  • Consolidation
  • Planning
  • Market analysis
  • HSE data
  • How easy it is to develop new applications for data collection
  • Bringing data from one application to another for use
  • BI integration
  • Implementing Tagetik reporting in to one portal
  • Detailed HR relations for planning porpoise
  • Currency exposure simulation
Learning is proactive action related. The use of a dynamic tool needs reviews as we learn and grow

Evaluating Tagetik and Competitors

  • Positive Sales Experience with the Vendor
  • Third-party Reviews
Convinced us that both product and Tagetik as a vendor was the right fit. 200% correct.
Many things but only related to internal processes.