Tagetik Achieves Highest Score in Public/Private ($250M to $1B) Use Case, One of Four in Gartner's Latest Research on Critical Capabilities for CPM Suites
LUCCA, Italy and STAMFORD, Connecticut, August 12, 2014 /PRNewswire/ --
Gartner report assesses 12 CPM providers across 9 critical capabilities: consolidation and close, complex consolidation and close, financial budget planning and forecasting, complex financial budget planning and forecasting, disclosure management, ease of maintenance/upgrade, strategic CPM, ease of use, and ease of implementation
Tagetik, a visionary provider of global performance management solutions, today announced that the company achieved the highest score in the one of four use cases in Gartner's just-published research, "Critical Capabilities for Corporate Performance Management Suites." Tagetik received a 3.73 out of 5, the highest product score, in the public/private ($250 M to $1 B) use case.
Of the 12 vendors assessed in the study, Tagetik scored within the top 5 of the three other use cases included in the study: public/private (less than $250M) with 3.81, public (more than $1B) with 3.66, and enterprise business unit with 3.77 -- all scores out of a possible 5.
The Gartner report assessed the 12 CPM providers in the following weighted functional areas: consolidation and close, complex consolidation and close, financial budget planning and forecasting, complex financial budget planning and forecasting, disclosure management, ease of maintenance/upgrade, strategic CPM, ease of use, and ease of implementation. The report then applied weighted scores to each use case.
To see the complete report, including details on how Tagetik's scores compare to those of other CPM vendors in use cases and critical functional areas, click here.
"We believe these findings confirm that Tagetik should be on the short list for virtually every CPM selection process - regardless of the company's size or complexity," said Dave Kasabian, senior vice president of product marketing and strategy for Tagetik. Tagetik's flexible deployment options - functionality is the same whether deployed on-premise or as a private or SaaS cloud solution - also contributes to Tagetik's ability to meet the needs of any finance organization, according to Kasabian.
"The study identifies functional capabilities as the top reason for choosing a CPM solution. Therefore, we're pleased that Gartner's research shows our functionality strength," said Manuel Vellutini, co-CEO of Tagetik. "Our laser focus on financial functionality and the needs of finance is undiluted by other product lines or technologies. Tagetik employees come to work each day with a single mission - to build the market's best CPM solution. These results, combined with consistently high customer satisfaction ratings, shows our approach is paying dividends for customers."
For more information on Tagetik, visit http://www.tagetik.com. The company is planning to unveil its latest release, Tagetik 5, at its upcoming global user conference in Lucca, Italy, September 18-19, 2014.
 Gartner, Critical Capabilities for Corporate Performance Management Suites - Christopher Iervolino, John E. Van Decker, Gartner, July 9, 2014.
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.
Tagetik is one of the fastest growing global software companies in the Performance Management industry, with operations in more than 30 countries and over 600 customers worldwide. Tagetik delivers enterprise solutions while providing a 'boutique' experience, resulting in the highest level of client satisfaction in the industry.
With deployment options in the cloud or on-premises, Tagetik 4 provides robust functionality for budgeting, planning, forecasting, consolidation, close, reporting, profitability analysis, disclosure management, financial governance, and business intelligence - all from a single, unified platform. By moving to a unified financial solution, Tagetik customers have dramatically increased organizational efficiencies, reduced risk, saved money and improved their companies' bottom lines.
To learn more: http://www.tagetik.com
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