STAMFORD, Connecticut and LUCCA, Italy, August 25, 2016 /PRNewswire/ --
Assessment Highlights That Tagetik's Unified Financial Performance Platform Addresses all Core Performance Management Components, With Strong Functionality Across the Board and the Ability to Handle Complexity in the Office of Finance
Tagetik, a visionary leader in global performance management software solutions, today announced that BPM Partners positioned Tagetik as a proven vendor with robust functionality in its 2016 Performance Management Vendor Landscape Matrix (VLM) . Tagetik is one of only two vendors with this positioning in the research report.
The research report evaluates 16 vendors on the financial, operational, and strategic functionality of their solutions and their market status. In order to be positioned as "proven," a vendor must be well established in the market with many customers and a solid win rate, according to the report. To be placed in the "robust functionality" category, a vendor's solution must address all core performance management components - budgeting, forecasting, planning and modeling, financial consolidation and reporting, dashboards and scorecards, and operational analytics - with strong functionality across the board; demonstrate the ability to handle complexity, particularly in the area of financial consolidation; and be a good fit for large, complex organizations, especially multinationals.
"Tagetik has been in our VLM for many years and has consistently proven its ability to compete successfully at the upper end of the BPM market while retaining very strong customer satisfaction ratings," said Craig Schiff, president and CEO of BPM Partners. "Over their years in the VLM, Tagetik has established its reputation as one of the most robust in financial consolidation, planning and reporting capability. Its recent advances related to user experience, embedded BI capabilities, and deployment options demonstrate the company's keen understanding of its audience and the challenges of modern finance organizations."
"Tagetik's profile in BPM Partners' Performance Management Vendor Landscape Matrix report accurately describes our solution's broad functionality, knowledge of finance processes, and our ability to successfully support complex global organizations," said Marco Pierallini, co-CEO of Tagetik. "We're very pleased that the profile also calls out the innovation we've brought to the user experience. Our customers' success is based on our unique formula for finance -- in-depth financial functionality combined with ease of use to foster widespread adoption and collaboration throughout the enterprise."
"We're very proud of our positioning in BPM's vendor landscape. We are proud that our Financial Performance PlatformTM is again being recognized for its unique combination of robust capability, broad scalability, and proven customer satisfaction," said Manuel Vellutini, co-CEO of Tagetik.
Tagetik's Financial Performance PlatformTM enables organizations to unify financial and operational planning, financial and management reporting, cost allocation and profitability analysis, and regulatory and disclosure reporting in a single solution. Specialized package applications are also available for banking, manufacturing, consumer packaged goods, and Solvency II reporting. Deployment options include a true multi-tenant cloud deployment, hosted cloud, or on-premise.
For further information, see Tagetik's analyst resource page for evaluations of the company's solution over recent years.
About BPM Partners
BPM Partners is the leading independent authority on business performance management (BPM) and related business intelligence solutions. The company helps organizations address their budgeting, planning, financial reporting, regulatory compliance, profitability optimization, key performance indicator (KPI) development, and operational performance challenges with vendor neutral experts who can guide companies through their BPM initiatives from start to finish while both reducing risk and minimizing costs. For further details, go to http://www.bpmpartners.com. Follow BPM Partners on Twitter @BPMTeam.
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 www.tagetik.com. We get Finance. You get results.
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