Item: Wolters Kluwer CCH® Tagetik
Rating: 9
Author: Adam Jenkinson

Use Cases and Deployment Scope

Used for management reporting and financial statement preparation. The product is critical for multicurrency consolidation and reporting for the entity, regional, and group structures. We have c.20 reporting entities and users.

Pros and Cons

Report customisation.
Drill down.
Excel compatibility.
Consolidation and close.

Online help and manual is a bonus but could be improved e.g. the clarity of English explanations.
Improved Excel compatibility e.g. formula driven reporting and dash boarding.
Mobile phone connectivity e.g. launching a consolidation from a Wolters Kluwer CCH® Tagetik app.

Most Important Features

Dimension configurability.
Security model.
Report writing.
Excel integration.

Return on Investment

Fast close and soft close features enable pre reporting result improvement.
Budget and forecast cycles greatly improved on previous spreadsheet model.

Alternatives Considered

Oracle Hyperion Enterprise Performance Management

Similar, but with key strengths (report formats and online help and support) and some shortfalls (e.g. HFM ad-hoc reporting and smart view tools are better than those in Wolters Kluwer CCH® Tagetik). On balance, taking into account licensing and the full cost of ownership, Wolters Kluwer CCH® Tagetik is a very strong contender with a number of USP advantages over HFM.

Key Insights

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?

Yes

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

Yes

Would you buy Wolters Kluwer CCH® Tagetik again?

Yes

Other Software Used

Foxit PDF Editor (FoxitPhantom)

Likelihood to Recommend

Well suited for large multi-entity international, multi-currency, multi GAAP groups with excellent report writing features, customizations, and validation traps with minimal IT support. The ability to customize dimensions and dimension structures is a key strength. The intuitive user interface enables easy adoption by new users and training times are short. Upload features via embedded customisable ETL and standardised Excel templates are very efficient. Error checking is intuitive and helpful. Less appropriate for small single entity businesses.

Wolters Kluwer CCH® Tagetik - no idea what it means but it does deliver excellent group financial reporting.

Overall Satisfaction with Wolters Kluwer CCH® Tagetik