CCH Tagetik at a Glance
April 27, 2016

CCH Tagetik at a Glance

Susan Heffern | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Wolters Kluwer (CCH Tagetik)

We use CCH Tagetik for our global consolidation of financial statements. It is mainly used by the finance department. We also use it for our budgeting process. All key directors input their budgets and our back office compiles the data to create our global budget.
  • CCH Tagetik is extremely flexible and customizable to your business needs.
  • It creates financial statement reports extremely fast and gives us the ability to slice and dice financial metrics in more ways than you can imagine.
  • I see CCH Tagetik as a long term business partner to help us solve problems.
  • A solid implementation team and process.
  • Until you get familiar with the software, screens, buttons, etc, are not necessarily intuitive. It just takes time
  • Without being involved in the implementation process. A new user might have some difficulty getting up to speed on writing reports and using the system.
  • Having a liaison at CCH Tagetik that really understands our business needs so they can help guide us at various stages on implementing parts of CCH Tagetik that we may not be aware of.
  • Gave us a tool that can absolutely grow with us to help multi phase implementations.
  • A significant time savings in terms of the amount of time we used to spend running reports vs. the time we spend now. Unbelievable improvement.
  • Gives us the option to use CCH Tagetik to solve business problems that perhaps we didn't have when we implemented CCH Tagetik. It gives us options without the possibility of implementing a whole other software package.
Are all very different. CCH Tagetik was more flexible and diverse and has the ability to grow with future unforeseen business issues.
I see this product as being multi functional
CCH Tagetik is very suited for consolidation but not appropriate for GL detail.

Wolters Kluwer CCH® Tagetik Feature Ratings

Long-term financial planning
Financial budgeting
Scenario modeling
Not Rated
Management reporting
Financial data consolidation
Journal entries and reports
Multi-currency management
Intercompany Eliminations
Minority Ownership
Local and consolidated reporting
Detailed Audit Trails
Financial Statement Reporting
Management Reporting
Excel-based Reporting
Automated board and financial reporting
XBRL support for regulatory filing
Personalized dashboards
Color-coded scorecards
Not Rated
Cost and profitability analysis
Key Performance Indicator setting
Benchmarking with external data
Flat file integration
Excel data integration
Direct links to 3rd-party data sources

Using Wolters Kluwer (CCH Tagetik)

30 - General ledger and reporting including quarterly and annual SEC reporting and audit collaboration.
10 - Finance, IT, data analysts, project coordinators,
  • Consolidation
  • Budgeting
  • Statistical
  • Statutory reporting
  • Dashboarding
  • Board reporting
  • Fixed asset planning
  • HR planning
  • Board reporting
We have a lot invested in this product and want to use it as much as we can.

Evaluating Wolters Kluwer (CCH Tagetik) and Competitors

Yes - FRx because it was becoming unsupported.
  • Price
  • Product Features
  • Product Usability
  • Product Reputation
  • Vendor Reputation
  • Existing Relationship with the Vendor
  • Positive Sales Experience with the Vendor
  • Analyst Reports
Product usability. Ability to be a solution for future business needs.
Wouldn't change a thing.

Wolters Kluwer (CCH Tagetik) Implementation

Get a project manager and have someone on the team who knows your databases and systems inside and out.
Yes - First consolidation then budgeting
Change management was a small part of the implementation and was well-handled - Getting used to the new way
  • Just getting used to writing reports
  • Time to find from regular job to implement

Wolters Kluwer (CCH Tagetik) Support

Have never had a reason to give a negative rating
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
If and only if we need expert assistance and cannot accomplish with our internal staff
All of our onsite meetings were very successful.

Using Wolters Kluwer (CCH Tagetik)

Like to use
Relatively simple
Easy to use
Technical support not required
Well integrated
Lots to learn
  • Physically running of reprts
  • Getting used to creating reports can be difficult to get used to
  • Navigating until you get used to it