LUCCA and MONTEVEGLIO, Italy, April 14, 2011 /PRNewswire/ --
- Worldwide Manufacturing Group Supports Growth Through Unified Solution for Budgeting, Production Cost Planning and Control
Tagetik, a global provider of Performance Management, Financial Governance and Business Intelligence software solutions, today announced that the Beghelli Group (http://www.beghelli.com) will deploy a centralized performance management solution based on Tagetik 3.0. The Italian and European emergency lighting market leader will use the software to control production costs, improve planning and forecasting as well as monitor purchases and inventory across the organization.
Specifically, Beghelli will use Tagetik 3.0 to centralize table structures for single product items and suppliers that are currently scattered across different ERP systems throughout the group. It will also optimize its procurement processes so that it can assess how individual purchases can affect group income before they are made, speed up and improve business workflow and calculating cost estimates. Finally, the project also intends to develop a structured, production planning and forecasting approach throughout the group. Due to its size, the implementation will be broken down into four phases between January and October 2011.
"In order to support our ongoing growth and increase our competitive advantage, we decided to implement a solution that can centralize and streamline our procurement activities, optimize inventory and product costs as well as accelerate monitoring processes," explains Luca Beghelli, Managing Director at Beghelli. "We selected Tagetik 3.0 because it provides rich, built-in capabilities and industry-specific functionalities that were tailored and developed from Tagetik's hands-on experience in working with leading manufacturing companies with facilities worldwide."
"We are very excited to work with an organization with such a great reputation and reliability not only in the Italian market but also across Europe, the Americas and Asia, with a distribution network that comprises all five continents which clearly demonstrates the international spirit of the company," adds Manuel Vellutini, EVP Chief Operating Officer at Tagetik. "By using our latest, vertical application for manufacturing industries, Beghelli will be able to manage production planning cycles of its complex organizational structures, in a unified, structured and audited environment."
"The use of a single software solution will allow business professionals at Beghelli to notably shorten planning execution time, improve the quality, visibility and transparency of data and reduce total cost of ownership for CPM throughout the group," Vellutini concludes. "The Beghelli management team will also profit from more effective planning, monitoring and reporting, increased support into its decision-making processes and involvement of all functions in the business workflow - with approval and certification of data at each level."
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About Beghelli Group
Founded in 1982 by Gian Pietro Beghelli, the Beghelli Group is a leader in the Italian and European markets for emergency lighting. The group also operates in the fields of energy-saving lighting, photovoltaic systems and electronic security systems for domestic, industrial and urban safety. Beghelli, which has been listed on the Milan stock exchange since 1998, is truly a global company that exports a global brand in the lighting industry. The group based in Italy also includes seven other international research, production and trading sister companies in the Czech Republic, Germany, USA, Canada, Mexico, Asia and China.
Tagetik delivers a unified software solution for Performance Management, Enterprise Governance, Risk & Compliance, and Disclosure Management with specialized Business Intelligence tools to optimize Collaboration and Communication.
Tagetik 3.0 creates value by simplifying complex business processes for CFOs and CIOs: budgeting, forecasting, cash flow planning, statutory and management consolidation, cost allocation, profitability analysis, financial close and fast closing, dashboard, scorecarding, collaborative disclosure management and compliance/industry requirements. Tagetik 3.0 is the solution to translate strategy into operations, manage and control overall performance down to business transactions, and improve decision-making across the whole organization while achieving faster ROI and lower total cost of ownership (TCO). Tagetik's vision to extend Performance Management and Business Intelligence to collaborative decision-making inspired us to develop Tagetik 3.0 Enabled by Microsoft SharePoint, moving CPM from Corporate to Collaborative Performance Management.
Tagetik operates in 18 countries leveraging a close partnership with Microsoft. Its market experts are totally committed to the success of 400 customers worldwide, including some of the largest Fortune 1000 companies representing all industry sectors, as well as to build strong relationships with system integrators, technology leaders and local consulting specialists.
Tagetik is a Microsoft Gold Independent Software Vendor (ISV). To learn more: http://www.tagetik.com Corporate Press Contacts: Elisabetta Pierallini Luca Pieretti +39-(0)583-96811 [email protected] UK Press Contact: Shak Akhtar Managing Director +44-(0)8708510540 [email protected] US Press Contact: Alessandra Gamba +1-203-391-7520 [email protected]