1 Solution (not products) to manage Corporate Business
Cesare Schiarea | TrustRadius Reviewer
March 28, 2017

1 Solution (not products) to manage Corporate Business

Score 8 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Tagetik

Tagetik is used across the whole organization to provide solutions for the CFO and to address regulatory requirements. With Tagetik we build our DWH (with Tagetik APM) and our corporate performance management (with Tagetik CPM). For us, the competitive advantage of using Tagetik is that Tagetik provides us one solution (not products) for all the company needs and now we do not need different products to address our problems.
  • Easy to import and export data.
  • Easy to manage data for regulatory requirements because it is easy to get the xbrl code.
  • Strong data governance with the Tagetik data flow facilities.
  • The Tagetik code is not easy to manage and to explore. You need an IT specialist if you want to change some features or functionalities otherwise you need Tagetik support.
  • It is not easy to manage data of different periods. There is significant room to improve this.
  • More functionality to integrate Tagetik APM and CPM.
  • Ror us it represented a cheap solution first because it is "the" solution to build our own specific applications for our business needs.
  • Cheap solution and fewer Investments (respects other vendors) to manage regulatory requirements in the European insurance industry (solvency II).
  • It is a solution well understood by all different company departments.

Tagetik won against competitors thanks to:

  • Positive Credem experience with Tagetik.
  • Complete overlap with our strategic needs (Solvency II and more)
  • Better cost-benefit analysis.
  • Lower internal effort required, especially on IT dept.
  • International player with a close attention to local supervisory requirements.
  • Good habit to make a single client's product enhancement part of their commercial platform.
  • Long last relationship established during analysis.
SunGard iWorks Macess

It's well suited to implement a solution that does not require a calculation engine and stochastic approach. For example to manage closing for an accounting department and to manage the repository for IFRS requirements. It's very powerful for CFO needs. Tagetik is also well suited to provide collaborative disclosure management applications.

Today it's not appropriate to provide solutions in the risk management area.

CCH Tagetik Feature Ratings

Long-term financial planning
Financial budgeting
Management reporting
Financial data consolidation
Intercompany Eliminations
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
Excel data integration
Direct links to 3rd-party data sources