The Henkel Group Plans Ahead With Tagetik
UNTERSCHLEISSHEIM and DÜSSELDORF, Germany and LUCCA, Italy, June 19, 2012 /PRNewswire/ --
Leading German Group in the global marketplace
will implement a driver-based budgeting and planning system
Tagetik, a global provider of enterprise software solutions for Performance Management, Disclosure Management, Financial Governance and Business Intelligence, today announced that the Henkel Group (http://www.henkel.com) has selected Tagetik 4.0 and Tagetik's distributor in Germany, Austria and German-Speaking Switzerland, pmOne AG (http://www.pmone.com), to implement a new enterprise planning system. The software will optimize the company's current planning processes, which incorporate approximately 1,000 employees worldwide.
Prior to choosing the software, Henkel designed an innovative, driver-based concept that will expedite the planning cycle, reduce budgeting granularity and simplify the process of consolidating results on the group level. Tagetik will serve as the technology platform to achieve these goals.
"During the selection process, pmOne understood our requirements the best and successfully implemented them with Tagetik as part of a pilot project," explains Christoph Wenner, Corporate Director for Subsidiary Controlling & Corporate Planning at Henkel. "What impressed us most is that the software can unify the planning and budgeting process throughout our company while accounting for the individual needs of specific divisions and departments. In addition, we can use Tagetik to flexibly execute our driver-based concept and run what-if simulations on various levels."
"Tagetik's adaptability and comprehensive standard functionality are two of its outstanding qualities which have impressed yet another DAX corporation," adds Hakan Soykan, Country Manager for Germany & Switzerland at pmOne (http://www.pmone.de/en/company/management). "As a result, Henkel can replicate its enterprise planning in a single system and efficiently support the entire process using the software's built-in workflow features."
"This is yet another example of how Tagetik is uniquely able to support large organizations in managing their complex Performance Management processes," concludes Manuel Vellutini - Executive Vice President, Chief Operating Officer at Tagetik (http://www.tagetik.com/about/company/management/manuel-vellutini). "The Henkel Group recognized the value of a powerful solution seasoned with deep domain expertise and dedication to customer success that Tagetik and pmOne provide."
About the Henkel Group
Henkel operates worldwide with leading brands and technologies in three business areas: Laundry & Home Care, Cosmetics/Toiletries and Adhesive Technologies. Founded in 1876, Henkel holds globally leading market positions both in the consumer and industrial businesses with well-known brands such as Persil, Schwarzkopf and Loctite. Henkel employs about 47,000 people and reported sales of 15,605 million euros and adjusted operating profit of 2,029 million euros in fiscal 2011. Henkel's preferred shares are listed in the German stock index DAX and the company ranks among the Fortune Global 500.
To learn more: http://www.henkel.com
About pmOne AG
pmOne is a growing Business Intelligence provider in Central Europe. The company's solutions, which are based on Microsoft technologies, focus on three pillars: data warehousing as the foundation, performance management applications especially for reporting, enterprise planning and group consolidation as well as visualization through information design. MindBusiness GmbH, a member of the pmOne Group, specializes in Microsoft SharePoint solutions and services for Microsoft Office rollouts.
pmOne has 150 employees combining over 900 years of project experience. The company founded in 2007 is fully owned by its management and staff. The pmOne Group has eight offices in Germany, Austria and Switzerland.
To learn more: http://www.pmone.com
Tagetik is 100% dedicated to simplifying and streamlining business processes for the Office of Finance to accelerate informed decisions that achieve strategic goals. Our award-winning Tagetik 4.0 Performance Management software is the ideal solution for global companies that seek a clearly superior level of financial expertise in a single unified solution for planning, forecasting, consolidation, close, reporting, profitability management, disclosure, financial governance, and analysis.
Tagetik is a rapidly growing global company with operations in more than 20 countries and 500 customers yet provides an exceptional experience by focusing solely on the needs of finance and doing it better than anyone else. To learn more: http://www.tagetik.com
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