Latest Tagetik Release Provides Time-starved Finance and Business Users Flexible Features for Proof-powered Planning and Decision Making

Jun 16, 2016, 09:02 ET from Tagetik

STAMFORD, Connecticut and LUCCA, Italy, June 16, 2016 /PRNewswire/ --

Spring Release Enhances and Accelerates key Corporate Performance Management Functions and Brings Cloud to On-premise Synchronization 

Tagetik, a visionary leader in global performance management software solutions, recently made available to customers its latest software release. The Spring 2016 release incorporates enhancements which underscore Tagetik's commitment to superior system performance and user experience, to continually improve informed business decision-making, and to provide the most comprehensive Corporate Performance Management (CPM) solution available on the cloud or on-premise.  

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Highlights of the latest release include:

Cloud to On-Premise Synchronization: Tagetik customers can now easily move data to and from on-premise systems and Tagetik Cloud. The bi-directional synchronization ensures timely data movement without compromising data quality and allows customers to take full advantage of hybrid IT environments that include both on-premise and cloud applications. This enhancement means more financial and operational data can be brought into Tagetik for extended analytics where strong controls and validations give finance the confidence of knowing all analysis is based on consistent, controlled and trusted data.

Intelligent Big Data: With this latest release, our customers can process large volumes of data and produce more complex reports and detailed calculations in less time. For example, by leveraging in-memory processing and enhancing cash pooling and tax calculations, this release makes detailed cash flow planning significantly more powerful.

User Experience: In Tagetik's Excel-based web templates, embedded charts and graphs now update on-the-fly as data is entered into a form, so planners dynamically see the graphical impact of their changes in the Excel user interface before saving to the database.

Advanced Regulatory Reporting: The most recent update now supports the IFRS 5 classification of assets held for sale and discontinued operations, as well as the latest draft of IFRS 4 Phase II (Insurance Contracts). In addition, Tagetik's packaged COREP/FINREP solution for banking customers now includes monitoring tools and funding plans.

Together, the enhancements in this release serve to save time and effort for the office of finance and business users, support more evidence-based analysis and decision-making, and streamline compliance with existing or looming regulatory requirements.  

"We know the office of finance is under constant pressure to deliver accurate, forward-looking plans, budgets and reports, while the deadlines to produce these key documents only get shorter. We feel that pain," said Marco Pierallini, Co-CEO of Tagetik. "Our mission is to help finance professionals spend more time on forward-looking initiatives while still addressing regulatory, business, and market changes. Our customers rely on Tagetik's fast and flexible Financial Performance Platform[TM] to address the financial and regulatory reporting requirements they face and to make accurate, forward-looking strategic decisions from a single trusted source."

Tagetik's unified CPM solution, available for cloud and on-premises deployment, has received recognition for its functionality, innovation, and high levels of customer satisfaction from a range of noted analyst firms. Most recently, Tagetik was positioned in the visionaries quadrant of Gartner's 2016 Magic Quadrant for Financial Corporate Performance Management Solutions[1] and 2016 Magic Quadrant for Strategic Corporate Performance Management Solutions[2].

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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 We get Finance. You get results.

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SOURCE Tagetik