Gartner Positions Tagetik as a "Visionary" in Both 2016 Magic Quadrants for Corporate Performance Management Solutions

Jun 01, 2016, 12:29 ET from Tagetik

STAMFORD, Connecticut and LUCCA, Italy, June 1, 2016 /PRNewswire/ --

Visionary positioning in both reports underscores the breadth of functionality delivered by Tagetik's unified Financial Performance Platform  

Tagetik, a visionary leader in global performance management software solutions, today announced Gartner, Inc. has positioned Tagetik in the visionaries quadrant of its 2016 'Magic Quadrant for Financial Corporate Performance Management Solutions'[1] and 'Magic Quadrant for Strategic Corporate Performance Management Solutions'[2].

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The annual research evaluates CPM vendors on their completeness of vision and ability to execute and factors in criteria such as annual revenue, market presence, and customer satisfaction.  For the first time, this year Gartner split its analysis of CPM suites into two separate reports.  The logic for this split is explained in the research here. Gartner included 10 vendors in its 2016 'Magic Quadrant for Financial Corporate Performance Management Solutions' and 16 in its 2016 'Magic Quadrant for Strategic Corporate Performance Management Solutions'. Tagetik is one of only three vendors recognized as a "visionary" in both reports.

"I believe the reports accurately highlight our ability to support large companies and complex use cases while maintaining strong customer satisfaction," said Manuel Vellutini, co-CEO of Tagetik. "We're very proud of our positioning in both Magic Quadrants, and even prouder that we've achieved this positioning while maintaining sustainable and profitable growth and continuing our global expansion. At Tagetik, our strategy has been contrary to a 'growth at all costs' mentality. We are proud to have set an example for other CPM vendors by achieving profitable, double-digit growth over the last four years."

"The breadth of functionality addressed by our Financial Performance Platform[TM], coupled with our 'cloud without compromise' strategy, helps us successfully compete with the leading vendors in the CPM space," said Marco Pierallini, co-CEO of Tagetik.  "Our measured growth strategy allows us to continually invest in research and development to meet the evolving needs of the finance function while taking advantage of technology innovation.  Our goal is to be the long-term partner of our customers.  Our sustainable business model and strong focus on customer satisfaction support that goal."  

"At Tagetik, we believe strategic and finance CPM are two sides of the same coin, and companies are best served with a unified solution that meets needs in both categories," said Dave Kasabian, Tagetik chief marketing officer.  "To us, these reports support our contention that Tagetik's unified Financial Performance Platform is one of the few options for finance organizations looking to address both financial and strategic CPM processes in one solution.  And we've seen that both mid-sized and large enterprises benefit from a unified approach to CPM."

Tagetik's Financial Performance Platform enables organizations to unify financial and operational planning, financial and management reporting, cost allocation and profitability analysis, and regulatory and disclosure reporting in a single solution.

Those interested in reading Gartner's 2016 'Magic Quadrant for Financial Corporate Performance Management Solutions' and 'Magic Quadrant for Strategic Corporate Performance Management Solutions' can access the reports here.

About the Magic Quadrants 
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

[1] Gartner, Magic Quadrant for Financial Corporate Performance Management Solutions by Christopher Iervolino, John E. Van Decker. 31 May 2016.

[2] Gartner, Magic Quadrant for Strategic Corporate Performance Management Solutions by Christopher Iervolino, John E. Van Decker. 31 May 2016.

About Tagetik 

Tagetik understands the complex challenges that face the Office of Finance and translates that knowledge into intuitive, enterprise-scale performance management software solutions that drive business results. With Tagetik, companies get the simplicity of the Cloud and the power to unify financial and operational planning; shorten the consolidation and close process; immediately analyze results, model and compare full financial statement impact of business scenarios; adjust strategic plans; seamlessly update rolling forecasts; produce formatted and auditable financial statements and management reports; collaborate on business reviews, and automate disclosure and board reporting. Tagetik has built-in financial intelligence so that CFOs, finance managers, and operations executives can orchestrate multiple or all processes in one software solution. More than 850 customers across 35 countries count on Tagetik to improve efficiency, reduce risk, save money and deliver results. For more information, visit http://www.tagetik.com. We get Finance. You get results.

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SOURCE Tagetik