Eurotech Upgrades to Tagetik 3.0 Enabled by Microsoft Sharepoint to Simplify Daily Business

LUCCA, Italy, September 9, 2010 /PRNewswire/ --

- Consolidation and Reporting Solution Seamlessly Integrates With Microsoft Business Intelligence Technology

Tagetik, a global provider of enterprise software solutions for Performance Management, Governance, Risk & Compliance and Business Intelligence, today announced that Eurotech has upgraded to Tagetik 3.0 Enabled by Microsoft SharePoint. Eurotech, a leading international manufacturer of Nano PCs and high-performance computers, uses the solution for statutory and management consolidation and corporate reporting. The company has been a Tagetik customer since 2006.

"We decided to leverage the new features in Tagetik 3.0 Enabled by Microsoft SharePoint to eliminate external spreadsheets and further simplify consolidation and quarterly statutory reporting while improving the integration with our other Microsoft Business Intelligence tools," explains Sandro Barazza, Chief Financial Officer at Eurotech. "We have been able to unify our entire consolidation and reporting processes - from collecting and adjusting data to making intercompany reconciliations and financial reports - within a single solution. In addition, we can now produce integrated corporate reporting, by collecting annual budgets, quarterly forecasts as well as weekly and monthly actual data on sales, orders, assets and KPIs for the individual companies in our group."

"Our ability to innovatively respond to customer demands has enabled us to deliver a new vision of Business Intelligence and Performance Management," adds Manuel Vellutini, Chief Operating Officer (COO) at Tagetik. "Instead of using highly complex, standalone tools, companies can now deploy a single platform that integrates financial and operational processes with collaborative decision-making features to make business information more accessible to everyone."

Eurotech, which already uses Microsoft technology, can now produce reports with Microsoft SQL Server Reporting Services and Analysis Services starting from actual and budget data directly stored in Tagetik 3.0. And users throughout the group can quickly access and share business information via Microsoft SharePoint Server. "As a result, the benefits of this solution extend far beyond finance to support operational decision-making in sales and other departments," concludes Vellutini.

About Eurotech

Eurotech (http://www.eurotech.com), an international manufacturer listed on Milan Stock Exchange (ETH.MI), implements cutting-edge technologies to define and penetrate new and emerging markets, breaking traditional barriers through innovation. With this vision in mind, Eurotech has focused its research and development on key high-growth sectors like pervasive computing to create innovative, integrated solutions (including software, hardware, middleware and support services) that offer the flexibility and scalability needed to capture new market opportunities. This spirit of innovation and standard of excellence have made Eurotech a leader in the field of high technology for computer miniaturization in a just a few years. The company, founded in 1992 and based in Amaro, Italy, has offices in the United States, Europe and Southeast Asia.

About Tagetik

Tagetik - a Microsoft Gold Certified Partner - delivers a unified software solution to support Performance Management and Enterprise Governance, Risk & Compliance, plus extended Business Intelligence, Collaboration and Communication. Tagetik 3.0 creates value by simplifying complex business processes for CFOs and CIOs: budgeting, planning and forecasting, consolidation and reporting, financial governance, strategy management, profitability modeling, working capital analysis 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 operates in 13 countries leveraging a close partnership with Microsoft. Its market experts are totally committed to the success of 400 worldwide customers, including some of the largest Fortune 1000 companies and representing all industries, as well as to foster synergies with system integrators, technology leaders and local consulting specialists. To learn more: http://www.tagetik.com

    Corporate Press Contact:
    Elisabetta Pierallini
    +39-0583-96811
    [email protected]

    US Press Contact:
    Alessandra Gamba
    +1-203-391-7520
    [email protected]

    UK Press Contact:
    Caroline Powell
    +44(0)20-8297-5388
    [email protected]

SOURCE Tagetik