Oesterreichische Volksbanken-AG Relies on Tagetik 4.0 for Consolidating Financial Data

Sep 04, 2012, 05:00 ET from Tagetik

UNTERSCHLEISSHEIM, Germany, VIENNA, Austria and LUCCA, Italy, September 4, 2012 /PRNewswire/ --

Tagetik and pmOne AG deliver software solution for the central institution of Volksbanken in Austria to automate its consolidated financial statements production process

Tagetik, a global provider of enterprise software solutions for Performance Management, Disclosure Management, Financial Governance and Business Intelligence, today announced that Oesterreichische Volksbanken-AG (VBAG) (http://www.volksbank.com) has selected Tagetik 4.0 to manage their statutory consolidation and reporting processes. Tagetik's distributor in Germany, Austria and German-Speaking Switzerland, pmOne AG (http://www.pmone.com) will support the financial services institution headquartered in Vienna in implementing their new software solution.

During the selection process, Tagetik scored as the best solution due to the breadth and depth of its software functionality. Moreover, Tagetik 4.0's ability to automate the process of producing consolidated financial statements and segment reporting, from start to finish, will support VBAG business needs and its complex and dynamic organizational structure.

"We were searching for a software solution that could provide flexibility, speed and user friendliness and our evaluation showed that Tagetik 4.0 would best meet our needs. The software functionally is strong and well designed to address our complex financial consolidation issues effectively and efficiently. We are confident that the solution will support our current and future Performance Management challenges," says Gudrun Zillich, Head of Group Accounting at VBAG.

"Tagetik is particularly strong in the banking and financial services markets and has industry-tailored capabilities which our customers benefit from. In addition, the Tagetik 4.0 software is able to address standards such as FinRep and CoRep enabling financial institutions to submit data to the regulatory authorities or the National Bank," explains Hannes Wambach, Director of pmOne GmbH (http://www.pmone.de/en/company/management).

"This is another example of the combination of how built-in financial intelligence and the domain expertise of Tagetik consultants and our partners, provides unparalleled value to our customers in financial services.  We are proud to add Oesterreichische Volksbanken-AG to our growing list of financial services customers across the globe," adds Sabrina Rosati -Executive Vice President, Professional Services at Tagetik (http://www.tagetik.com/about/management/sabrina-rosati).

About VBAG

Österreichische Volksbanken-AG (VBAG) is the central institution of the Volksbank sector. It focuses on its new self-understanding on supporting the core business of the 62 regional Volksbanks in Austria. Currently VBAG and Volksbanks are working on a reorganisation and transformation VBAG into a sustainable cooperative bank in accordance with section 30a of the Austrian Banking Act (BWG).

To learn more: http://www.volksbank.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

About Tagetik 

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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Tagetik Corporate Press Contacts:
Elisabetta Pierallini
Luca Pieretti

Austria | Switzerland | Germany
Press Contact:
Britta Kaeufer

SOURCE Tagetik