CCH Tagetik

Benefits:

CCH Tagetik allowed our team to automate our consolidation process which saves me hours each month and takes the user error out of the process

Benefits:

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.

Drawbacks:

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.

Benefits:

flexibility, scalability, reporting (very easy to manage with opportunity for each contributor to create report ad-hoc), unique data base for management data, statutory consolidation, budgeting&forecasting, possibility to have for each project the economic&financial data, possibility to do across differente view using hierarchies

Drawbacks:

sometimes is not too much flexible and maybe you have to adapte your needs to its structure, i'd like to have more opportunity to have different sensitivities without having different scenarios

Benefits:

Large amount of native or custom function available

Drawbacks:

not so easy to use for beginners, It requires a lot of practical application to get all the benefits

In sum:

We have worked to build an application to be able to do: - strategic planning - definition of commercial budget - gathering information workflow - reconciliation of data management and Accounting Tagetik give us the opportunity to combine all these requirements

Benefits:

Tagetik is a simple to use and flexible instrument. I didn't follow the implementation from the beginning but I've learned quickly the majority of functionalities. I learned to use Tagetik mostly from my collegues and by using it. It's not a stressing process. This application permit the users to improve their accounting and analysis skills thanks to its features. Tagetik is a smart company, creates network among customers and employees.

Drawbacks:

The online guide is poor of contents. It could be good for a beginner but it lacks of specific topics. In particular for CDM's section.

In sum:

The reporting with use of Tagetik has become faster and more effective. You can organize the report fitting the users needs. The consolidation process works well. A good thing is that the consolidator can follow step by step the data-entry process of the subsidiaries.

Benefits:

6 years of history with our Tagetik journey Four upgrade almost without any pain. Easy to maintain and administrator. Super end user friendly - finance people loves it's excel

Drawbacks:

Easy to get carried away to do too many changes

In sum:

6 years of history with our Tagetik journey Four upgrade almost without any pain. Easy to maintain and administrator. Super end user friendly - finance people loves it's excel

Benefits:

I really like the simplicity of use of the software as well as the friendly relationship and professionalism that is formed with the vendor

Drawbacks:

The thing I like least is the part related to the definition of multiphase processes, but this is one small exception

Benefits:

Awesome product, supplier easy to work with (a big bonus). Probably the best joint decision Finance and Technology have ever made regarding choice of core systems. Simple to use. Highly intuitive and puts control firmly into the Office of Finance removing the reliance on technology to deliver reports. Saved a huge amount of time on our month end processes.

Drawbacks:

Deep dive into the database and the fieldnames are in Italian, but then the company is based in Lucca, so this is to be expected.

Benefits:

The software platform provides everything we were looking for in a solution and more. Service and support has been outstanding and we now have a solution that is more efficient and provides better data sooner.

Drawbacks:

I wish some of the documentation were more comprehensive. tge pricing structure is a bit odd and complicated. I'd like to see it streamlined.

Benefits:

The data is stored in a solid a consistent DB structure which contains all the details required for conducting an audit. A work-flow utility is used to control the consolidation process which indicates the status of data for any particular user which makes it easy to track data as well as enforce security. It is flexible and handles large data sets and also generates data reports at a fast pace.

Drawbacks:

The user manual can be improved to include a detail description of topics which will improve functionality. Some of the functions and error messages are displayed in Italian which can be corrected.

In sum:

Targetik is a simple solution to complex problems we face. Processes such as financial planning, budgeting, reporting and consolidation can be handled in a very efficient manner, thanks to the customized features which can be added as per needs of the business with the help of Targetik consultants. It helps in the decentralization of data and maintenance at a global level. The data can be entered in MS Suite type interface which makes it easy to use and implement while handling complex procedures.