CCH Tagetik is a unified BI and accounting software that helps to optimize financial and operational planning. The solution also shortens the consolidation and closing process and allows users to analyze results, model, as well as compare the financial impact of different business scenarios.
CCH Tagetik offers additional features which include adjusting strategic plans, updating rolling forecasts and producing formatted and auditable financial statements as well as management reports. The solution allows users to collaborate on business reviews and automates disclosure and board reporting.
CCH Tagetik is deployable on the cloud, on-premises or in a hybrid approach, with the flexibility to transition from one to the other. CCH Tagetik has integrations with various platforms including the full Microsoft Office and BI suite, Qlik and SAP HANA.
Companies use the software across all industry segments, including banking & financial services, manufacturing, insurance, software/technology firms, CPG, telecommunications, construction, and healthcare, and is most applicable to large enterprises.
Sabrina F. Especialidad: Productos químicos Número de empleados: 1001-5000 empleados
We choose tagetik some years ago for consolidation.
the year after we started a new project for budgeting
every project was a success
It's a tip to a better way of working
saving time to perform better
Our consultant from the beginning is the same person, we know each other and we work as we are colleagues
Start the implementation when you know what you want
Alessandro M. Especialidad: Marketing y publicidad
Tagetik has succeded to develop a Corporate Performance Management system which can fullfill the reporting needs (including legal compliance requests) of a great number of companies. Doesn't matter if you are a small firm or a large company, if you are an industrial company or a service provider. Tagetik offers a scalable solution which can easily implemented on your existing transactional applications, creating a consistent set of data which can be used for different proposals such as the draft of the financial statements, or a reporting package for internal use, or even a CSR report. Moreover the integration with the MS Office suite application (such as Word, Excel and Powerpoint) establish a familiar interface, thus empowering the day-by-day activity of data entry, report creation and data analysis. Last but not least, one of the key factors that make Tagetik your choice for your financial reporting activities resides in its consultants, who are focused on delivering a solution which fits perfectly to your requests. When you buy Tagetik you don't only buy a software. You buy a valuable service for your business.
Like any business software, Tagetik needs to be updated in order to increase its performance and to meet the hardware and software standards always evolving. If you are looking for a "one-shot investment" which could solve all your problems for the next 10 years look elsewhere. Even if it means that you are still running Office 97 on a Windows XP machine. And even if I'm not sure you are going to find what you are looking for.
Always think that investing on software means having a clear idea of your organisation and its operations. A good knowledge of your business means a better understanding of your reporting needs and leads to a better implementation of your CPM. For this reason, the contribution of a qualified consulting firm is really valuable.
Usuario verificado Especialidad: Ingeniería industrial o mecánica Número de empleados: 501-1000 empleados
As a pioneer in adoption Tagetik in NA, we have been satisfied. There is some room for improvement though, and we are very vocal about it.
Cloud based software that has a minimal downtime
Structure is not user super friendly. Lot of things are coded in Italian which makes it a bit challenging.
Buta B. Especialidad: Construcción
It's very flexible and is easy to integrate with other software programs and the interfacing process is seamless.
It's overly complex at times, some parts of the software are difficult to understand and administer because it can do so much.
Make sure you have clearly defined processes before you implement the system.
Cristina R. Especialidad: Transporte/transporte en camión/ferrocarril Número de empleados: 51-200 empleados
Overall we are happy about Tagetik and we continued buying new modules (IFRS16, CbCR) to help us with the new regulations. We support having the system and make it grow with new items.
After the Tagetik implementation was closed and we could launch out first budgeting year with it, we saw a radical change in the way we work, how fast we get the data, how easy the users work with it, how clean and reliable it was. The quarterly closings and consolidations have become so much neater and faster.
The original project was a lot more complex on the revenue generating side, the cash flows, the intercompany declarations, which we had to give up doing directly in Tagetik and instead loading them through Excel modeling done outside the system. Clearly budgeting and forecasting from a flow point of view takes longer because it's not a "update a number, push the button, system is updated" anymore.