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Tagetik Software

Tagetik 3.0 Software Overview

All performance management software is NOT created equal.

Tagetik 3.0 creates value by simplifying complex business processes like

as a comprehensive approach to managing business performance.

The Tagetik performance management application is one software product, utilizing one cross-platform technology, in one database with one user interface. Critical financial processes are unified and built right into the application—allowing companies to leverage their existing infrastructure investments, reduce stand-alone systems and subsequently reduce their total cost of ownership (TCO) by up to 50%.

With this powerful software solution, your organization can translate strategy into operations, analyze how potential sales, production or price changes could affect your bottom line, and still achieve the necessary transparency and flexibility to comply with changing regulations.

Tagetik 3.0 is a unified software solution composed of applications that deliver full scalability and extensive functionalities.

Just as the gears of a watch move together in perfect sync to tell time, Tagetik 3.0 is composed of applications that work in harmony to simplify complex business processes within one software solution.


Tagetik 3.0 Features

Tagetik 3.0 delivers shorter planning cycle times with less manual efforts, more proactive budgeting processes, quick and easy recreation of forecasts and significant improvement of governance by keeping an audit trail of business assumptions.

Thanks to the unification of the aggregated, corporate financial budget and operational business plans in one single solution, Tagetik 3.0 supports a strategic, collaborative, timely and cost saving budgeting, planning and forecasting process with a low Total Cost of Ownership (TCO).

To support the Budgeting, Planning & Forecasting process Tagetik 3.0 delivers:

  • Modeling: define different models including a driver-based approach to planning also using sophisticated MDX based scripting rules

  • Scenarios: define different data management scenario (budget, forecast, 3-year plan, …)

  • Data collection: gather financial and non financial data through data sheets available via web with browser or Excel interface

  • Workflow: manage the collection process with different approval levels

  • ‘What-if’ analysis: produce alternative analysis scenarios based on simulation and splashing functionalities with several different sets of values and the possibility to write on the results

  • Allocations: efficient processing of budget allocation entries

  • Cash flow modeling:
    • Automatic creation of Cash Flow & Balance Sheet statement perfectly matched with the P&L through the use of financial rules such as credit terms (DSO/DPO), tickler, …
    • Manage intercompany/inter business, VAT, cash–pooling flows and devaluation of Financial Investments

  • Forecasting: define forecasting models using a deterministic approach at different levels of aggregation

  • IC matching: intercompany gathering and reconciliation during the budgeting process

  • Consolidation of budget data


Tagetik 3.0 Challenges

What are the most frequent pains in Budgeting, Planning and Forecasting process?

  • Spreadsheet-based budgeting: lack of security, manual process, no process control and collaboration

  • Complexity in cash flow and balance sheet modeling

  • Lack of flexibility

  • No ‘what if’ capabilities

  • Spreadsheet-based budgeting: lack of security, manual process, no process control and collaboration

  • Difficulty in managing multiple versions of the budget during the budgeting cycle

  • Lack of audit trail

  • Budgeting cycle too long due to manual process

  • No centralized budget model: complexity in changing the model according to new budgeting requirements


Tagetik 3.0 Benefits

The unified solution that supports both CFOs and CIOs

Tagetik 3.0 allows you to manage all Performance Management and Financial Governance processes in a single database. As a result, you can finally unite the fragmented processes throughout your organization into a single hub.

Built-in Functionalities

Tagetik’s built-in features make it easy to flexibly manage your Performance Management and Financial Governance processes. In addition to ensuring a rapid deployment, these features ensure that even business users without specialized IT skills can modify and maintain the application with ease.

100% traceability

Tagetik 3.0 gives you full control of your data and processes. The software, which natively applies double-entry accounting rules, guarantees complete traceability through drill-downs to individual bookings.

Open, multiplatform technology with complete Web support

Tagetik 3.0 adapts to your individual IT infrastructure to maximize the return on your existing investments. The Web-based platform and intuitive graphical interface make the software suitable for users in all stages of your processes.

Compliance Ready

Tagetik 3.0 helps you cope with new and changing governance regulations. In particular, the software supports CFOs in fulfilling today’s increasing demands for transparent control and verification.

Lower total cost of ownership (TCO)

By unifying all Performance Management and Financial Governance processes in a single technology platform, Tagetik customers can reduce the cost of ownership for these applications by up to 50%.