Tagetik

Tagetik

Cloud-based & on-premise CPM solution for financial planning

4.3/5 (77 reviews)

Tagetik Overview

Tagetik is a unified platform solution for financial performance management, deployed within the cloud or on-premise. Designed specifically for finance office control within businesses of all sizes and spanning diverse industry sectors, Tagetik combines built-in business intelligence with easy access to handle budgeting, planning, reporting and analysis. The highly visual portal ensures meaningful data insights are delivered to all user levels, offering intuitive report building tools requiring mere clicks. These can then be shared as interactive dashboards or native Excel spreadsheets to provide executive “at a glance” views crucial for strategic planning. Here planners can also leverage tightly integrated workflow features for scheduling deadline tasks and assigning them to users, giving finance departments total visibility and effective collaboration tools.

Tagetik is equally comfortable working with top-down or bottom-up planning approaches, making it simple to apply targets to existing budgets or build from scratch with cell level annotations and attachments. These sheet-based financial planning tools and automations are also made available within the cloud via web form and integration with Microsoft Excel – providing flexibility and workflow consistency. This emphasis on enabling strategic, financial and operational planning from within one pane of glass extends to real-time data visualizations, predictive modeling, forecasting, narrative reporting and collaborative disclosure management.

Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription
Value for money

Devices

Business size

S
M
L

Markets

Asia, Australia, Canada, China, Europe and 5 others, Germany, India, Japan, United Kingdom, United States

Supported Languages

English, French, Italian, Spanish

Tagetik Reviews

Overall rating
4.3/5
96% positive reviews
30
Excellent
44
Very good
3
Average
0
Poor
0
Terrible
Alessandro M.

A business partner you can count on. Especially on M&A operations.

Used Daily for 2+ years
Reviewed on 2017/02/07
Review Source: Capterra

We use Tagetik for our statutory and management consolidated reporting processes. The recent stress test on this tool has been given by our latest M&A operations, in which we had to consolidated many companies with lots of intercompany relationships between them and within our Group perimeter. Tagetik let us manage this transition easily and in a short time lapse. With an appropriate configuration of the environment these new incorporations did not require additional resources (in terms of time and people). The absence of information duplicates and the use of an automated data entry platform allowed us to manage the communication with our new contributors in an efficient and effective way. In this process it is worth mentioning the contribution of the Tagetik consulting team that has supported us with prompt interventions on our main technical issues.

Pros

Easy to use and configure for the ongoing routines (a first implementation by a skilled consultant is required and suggested). - Familiar look-and-feel which replicates the tipical MS Excel interactions. - Easy to install on remote terminals (works also on mobile devices) for external contributors. - Data are managed in a consistent way. - Scalable architecture which lets you add new modules and manage large consolidation perimeters. - Possible automation for the most common consolidation routines (intercompany eliminations, consolidation adjustments, etc.). - Tangible returns in terms of time spent on reporting generation and time-to-market.

Cons

Depending on your business, the implementation of this platform could require a consistent effort in terms of architecture and data flow projecting. The assistance of a skilled consultant is largely suggested. This step is crucial in order to take the maximum benefits from this product.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

9.0/10
Alessandro M.

The one-stop solution for your financial reporting needs.

Reviewed on 2015/09/21
Review Source: SoftwareAdvice

Pros

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.

Cons

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.

Rating breakdown

Ease of Use
Customer Support

Likelihood to recommend

9.0/10
Buta B.

It does an awful lot

Used Daily for 2+ years
Reviewed on 2017/01/15
Review Source

I've used Tagetik for 3 years now and I find it to be a very flexible system, it's at times too complex because it offers so much. It is very reliable and the data structure is relatively easy to understand. It is also a pretty seamless integrating Tagetik with other software using one of the many standardized ETLs.

Pros

Can cater for pretty much any scenario with new features being added all the time.
Newer versions of the software are very impressive, some of the additions i.e. Tagetik data analytics look amazing.
They offer a lot of support through a Tagetik community and Tagetik Insiders. The social community is growing very fast.

Cons

Some parts of the system, in particular, the native Excel reporting is difficult to understand.
It is quite expensive.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

6.0/10
Buta B.

Tagetik is maybe a little too good.

Used Daily for 2+ years
Reviewed on 2016/07/19
Review Source: Capterra

Tagetik is a wonderfully flexible product which we use for contract forecasting, year end statutory accounts and monthly management accounts production.

Pros

It's very flexible, the software can cater for almost any process quirk you can throw at it. The interfacing process between other software solutions is pretty seamless and the data structure is relatively simple to understand.

Cons

Because the software can cater for so many different solutions it has an awful lot of inbuilt complexity and it's very tricky to navigate the program at times (especially for administrators) and the report building process is very complex.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

8.0/10
Arshak S.

Tagetik; My Experience

Used Daily for 6-12 months
Reviewed on 2017/01/06
Review Source

The company I work for is a health Insurance company with around 2300 employees.

We started to use Tagetik since 2015 and the reason to do so is to simplify our reporting process. By using Tagetik we are able to deliver our reports faster and with a much better quality.
For now, we are even planning to start using budgeting and planning, which is on the calendar for 2017.

Pros

1. Easy to use; the learning curve is big.
2. Great customer support with updates about the status.
3. Good knowledge and support by Tagetik consultants and third party consultants
4. Fast software.

Cons

1. Lay out a bit confusing; some menu options can be/should be placed clearer and on better places in the menu bar.
2. PDF Manuals are very basic. They should be written in a more practical way and with examples.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

9.0/10

Tagetik Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription
Value for money

Contact Tagetik for pricing information or a quote

Tagetik Features

  • Customizable Reporting
  • Real Time Data
  • Workflow Management

  • API
  • Accounting Integration
  • Accounting Management
  • Activity Dashboard
  • Automatic Notifications
  • Billing & Invoicing
  • Compliance Management
  • Data Import/Export
  • Electronic Payments
  • Expense Tracking
  • Financial Analysis
  • Invoice Management
  • Invoice Processing
  • Multi-Currency
  • Receiving
  • Reporting & Statistics
  • Third Party Integration

Additional information for Tagetik

Key features of Tagetik

  • Build, create, share and publish analytic dashboards
  • Collaborative disclosure reporting such as board books etc
  • Create “what if” insights on cash flow, profitability etc
  • Create, share, access & distribute real-time reports
  • Data visualizations include dynamic charts, heat & geo-maps
  • Embedded business and financial intelligence features
  • Full-featured cash flow modelling & forecasting capabilities
  • Generate rolling budget performance forecasts within clicks
  • Manage workflow actions and deadline tasks by assigned user
  • Performance management designed for the office of finance
  • Strategic, cash flow, profitability & budget planning tools

Benefits

  • Tagetik combines on-premise and cloud-based software solutions to form a tightly integrated, intuitive financial management platform.
  • Generate real-time financial insights using a wealth of customizable reporting options and dashboard-based chart visualizations.
  • Leverage embedded business intelligence including double-entry accounting logic, currency translation and time dependent hierarchies.
  • Give finance departments total visibility and data control in one place from planning and organizing workflows to forecasting, reporting and analysis.
  • Integrates with existing systems including relational databases, ERP, CRM, BI and analytics, partnering with Microsoft, SAP and Qlik.
  • Create “what if” insight models based on real-time data to gain immediate insights on performance, cash flow, profitability and more.
  • Combine the ease of online access with Microsoft Excel and automate all budgeting processes irrespective of methodology.
  • Tagetik FAQs

    Below are some frequently asked questions for Tagetik.

    Q. What type of pricing plans does Tagetik offer?

    Tagetik offers the following pricing plans:

    Pricing model: Subscription

    Free Trial: Not Available

    Contact Tagetik for pricing information or a quote

    Q. What are the main features of Tagetik?

    Tagetik offers the following features:

    • Build, create, share and publish analytic dashboards
    • Collaborative disclosure reporting such as board books etc
    • Create “what if” insights on cash flow, profitability etc
    • Create, share, access & distribute real-time reports
    • Data visualizations include dynamic charts, heat & geo-maps
    • Embedded business and financial intelligence features
    • Full-featured cash flow modelling & forecasting capabilities
    • Generate rolling budget performance forecasts within clicks
    • Manage workflow actions and deadline tasks by assigned user
    • Performance management designed for the office of finance
    • Strategic, cash flow, profitability & budget planning tools

    Q. Who are the typical users of Tagetik?

    Tagetik has the following typical customers:

    Large Enterprises, Mid Size Business

    Q. What languages does Tagetik support?

    Tagetik supports the following languages:

    English, French, Italian, Spanish

    Q. What type of pricing plans does Tagetik offer?

    Tagetik has the following pricing plans:

    Subscription

    Q. Does Tagetik support mobile devices?

    We do not have any information about what devices Tagetik supports

    Q. What other apps does Tagetik integrate with?

    Tagetik integrates with the following applications:

    Microsoft Excel, Microsoft Power BI, Office 365, Qlik Sense, SAP HANA Cloud Platform

    Q. What level of support does Tagetik offer?

    Tagetik offers the following support options:

    Knowledge Base, Online Support, Phone Support, Video Tutorials