Wolters Kluwer CCH® Tagetik allows us to become the 'best in class' finance department, supporting citizenM's growth
Updated December 30, 2022

Wolters Kluwer CCH® Tagetik allows us to become the 'best in class' finance department, supporting citizenM's growth

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Wolters Kluwer CCH® Tagetik

We are a rapidly growing hotel company. As a finance department, we need to facilitate and support this growth, a.o. by using agile, efficient, scalable, SaaS software. Our goal is to become the "best in class" finance department. We use Wolters Kluwer CCH® Tagetik for budgeting, reporting, and consolidation already for a couple of years, and it fits into the picture perfectly. And to speed up our (monthly/quarterly) close, we recently implemented the transaction matching and account reconciliation modules.

Pros

  • Budgeting
  • Consolidation
  • Reporting
  • The solution is continuously improved, feedback is taken seriously
  • Scalability

Cons

  • The solution could be customized according to the customer's wishes, it offers lots of possibilities. This requires detailed knowledge of the system internally (or external consultants) when configuration adjustments are necessary.
  • We experienced some challenges during the implementation of the transaction matching module related to the connectivity (API vs. FTP). The support from Tagetik on this has been excellent.
  • SaaS / online
  • Scalability
  • Customer support
  • Agility
  • Definitely a positive impact, hard to translate this into numbers.
We use Wolters Kluwer CCH® Tagetikfor budgeting, reporting, and consolidation already for a couple of years. And to speed up our (monthly / quarterly) close, we recently implemented the transaction matching and account reconciliation modules from Wolters Kluwer CCH® Tagetik. We also investigated other tools, for example, BlackLine. The main advantage of CCH Tagetik is its connectivity, the possibilities to customize the tool, customer support is excellent. For us, it was also an advantage not to have another tool since we were already using other modules of Wolters Kluwer CCH® Tagetik.

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

Wolters Kluwer CCH® Tagetik is a great tool for companies with entities located in multiple countries (multiple GAAP standards, currencies, ownership percentages), which like to phase out Excel consolidations and use a robust, scalable tool. It offers all the necessary features for both centralized and decentralized organizations. Based on my experience Wolters Kluwer CCH® Tagetik would be less appropriate to use for smaller companies with only a few entities in a limited number of countries.

Wolters Kluwer CCH® Tagetik Feature Ratings

8.7
Long-term financial planning
Not Rated
Financial budgeting
8
Forecasting
Not Rated
Scenario modeling
9
Management reporting
9
8.7
Financial data consolidation
8
Journal entries and reports
9
Multi-currency management
9
Intercompany Eliminations
8
Minority Ownership
9
Local and consolidated reporting
9
Detailed Audit Trails
Not Rated
8.0
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
9
Automated board and financial reporting
7
XBRL support for regulatory filing
Not Rated
Not Rated
Personalized dashboards
Not Rated
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
8.3
Flat file integration
9
Excel data integration
9
Direct links to 3rd-party data sources
7
Not Rated
Pixel Perfect reports
Not Rated
Customizable dashboards
Not Rated
Report Formatting Templates
Not Rated
8.0
Drill-down analysis
8
Formatting capabilities
8
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
Not Rated
Not Rated
Publish to Web
Not Rated
Publish to PDF
Not Rated
Report Versioning
Not Rated
Report Delivery Scheduling
Not Rated
Not Rated
Pre-built visualization formats (heatmaps, scatter plots etc.)
Not Rated
Location Analytics / Geographic Visualization
Not Rated
Predictive Analytics
Not Rated
8.5
Multi-User Support (named login)
8
Role-Based Security Model
9
Multiple Access Permission Levels (Create, Read, Delete)
8
Single Sign-On (SSO)
9
Not Rated
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated

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