Great for financial consoldiation reporting!
September 25, 2015

Great for financial consoldiation reporting!

Anonymous | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Software Version

4.2.1.3

Overall Satisfaction with Wolters Kluwer (CCH Tagetik)

Our organization uses CCH Tagetik as a financial reporting tool for everyone in our company to have access to their financial statements as we have limited access to our ERP system outside of the accounting department. CCH Tagetik has proven to be incredibly useful to our parent company which consolidates the trial balance and financial statements of various types of companies including varying GL accounts, business models and areas of focus. By having the financial reporting tool, we are able to better streamline the end financial reports resulting in gained efficiencies in our monthly and quarterly close.
  • Financial reporting consolidation
  • Account mapping
  • Multi dimension analysis
  • Error messages are in Italian
  • Usability is not intuitive
  • A lot of background setup by consultant needed to implement
  • Improved transparency into the financial results on a more real time basis
CCH Tagetik is well suited for a company that has varying chart of accounts, ERP systems and various types of companies that are to be consolidated into one financial report.

Wolters Kluwer CCH® Tagetik Feature Ratings

Long-term financial planning
7
Financial budgeting
Not Rated
Forecasting
Not Rated
Scenario modeling
Not Rated
Management reporting
10
Financial data consolidation
10
Journal entries and reports
1
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
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
1
XBRL support for regulatory filing
Not Rated
Personalized dashboards
1
Color-coded scorecards
1
KPIs
1
Cost and profitability analysis
1
Key Performance Indicator setting
1
Benchmarking with external data
1
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10