The Teaching Company Banks on Tagetik for Budgeting, Planning, Profitability and Reporting

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Jul 17, 2012, 08:00 ET

CHANTILLY, Virginia and LUCCA, Italy, July 17, 2012 /PRNewswire/ --

Leading Developer of University-Level Courses Improves Performance Management Processes with Tagetik

Tagetik, a global provider of enterprise software solutions for Performance Management, Disclosure Management, Financial Governance and Business Intelligence, today announced that The Teaching Company, LLC (http://www.thegreatcourses.com) has selected the Tagetik platform for its budgeting, planning, profitability and reporting processes as well as marketing analyses.

"With the help of the consulting firm, RapidPerformance, LLC, it became very clear that we needed to replace our current spreadsheet-based forecasting and financial reporting processes," explains Bryan Lapidus, Manager of Financial Analysis at The Teaching Company. "After careful review, we selected Tagetik because of its strong out-of-the box functionality for basic financial statements and its ability to configure our complex, idiosyncratic marketing forecasts, across multiple geographies and multiple time periods."

Mark Corsetti, VP & General Manager of Tagetik North America (http://www.tagetik.com/about/management/mark-corsetti) adds: "During our first meeting with The Teaching Company, it became very clear that due to its rapid growth, the company's system of large, interconnected Excel spreadsheets had become unsustainable and prone to crashing. Tagetik 4.0 fits perfectly into their Microsoft technology environment (SQL Server 2008 and Dynamics AX) providing a performance management platform that was easy to use but flexible enough to meet the company's needs, and as a result we were able to effectively fulfill every requirement that The Teaching Company needed to succeed."

"This project is another example of how Tagetik's 'Performance with Passion' approach motivates us to go above and beyond for our customers. We are constantly innovating our solution so our customers can not only resolve their biggest current issues, but can then go on to achieve the greatest results possible," says Manuel Vellutini - Executive Vice President, Chief Operating Officer at Tagetik (http://www.tagetik.com/about/company/management/manuel-vellutini).

About The Teaching Company, LLC

The Teaching Company is the nation's leading developer and marketer of proprietary, premium-quality, university-level courses targeted at life-long learners. The Company markets its courses under "The Great Courses" brand (http://www.thegreatcourses.com) and currently offers more than 390 courses, which span more than 5,800 hours of content across ten subject categories: science and mathematics, history, fine arts and music, religion and theology, philosophy and intellectual history, literature and English language, business and economics, better living, professional and high school. Courses are available in several formats, including DVD, CD, digital download, and streaming.

To learn more: http://www.thegreatcourses.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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