Trader Media Selects Tagetik to Replace Existing Consolidation and Reporting System

LONDON, October 12, 2010 /PRNewswire/ -- Tagetik, a global provider of Performance Management, Enterprise Governance, Risk & Compliance and Business Intelligence software solutions, today announced that Trader Media Group has selected Tagetik 3.0 to simplify the complexity of its consolidation and reporting processes. Trader Media Group (http://www.tradermediagroup.com), one of Europe's largest multi-media publishers and the publisher of Auto Trader, will use Tagetik 3.0 to execute a faster month-end close and improve the consolidation of group results to meet both Group management reporting and external reporting requirements.

As one of Europe's largest specialist multi-media publishers, Trader Media Group operates the number one UK marketplace for motorists and is regarded as the place where buyers and sellers come together, offering unrivalled response to customers' advertisements. Visibility to financial transactions is key to the efficient running of the organisation, as is the management of increasingly complex management and statutory reporting requirements. Trader Media therefore decided to replace its Infor FDC consolidation and reporting system with Tagetik 3.0.

"Rapid digital growth has made us one of the largest publishing groups of our kind and we're constantly looking at new technologies to help us continue to support the delivery of the best possible service to our customers, which is why we've decided to replace our Infor FDC system with Tagetik 3.0," explained Stephen Lane, Group Financial Controller, Trader Media Group. "Tagetik will give us a greater degree of automation which will significantly free up staff time for other tasks, automate processes we were struggling to manage efficiently with FDC, and provide us with greater transparency. Furthermore, Tagetik's unified approach to other financial processes, such as Planning & Forecasting, was an important factor making it easier to expand our use of Tagetik into other areas."

"Tagetik 3.0 provides the perfect solution for Trader Media to work more effectively without completely re-engineering processes and provides a solution that will scale as the company continues to grow, and removes the unnecessary need for highly manual processing. Tagetik 3.0 provides the perfect platform for implementing a functionally rich Performance Management application," explains Shak Akhtar, Managing Director, Tagetik UK and Ireland.

"We are delighted to welcome Trader Media to our growing list of global customers; this shows that Tagetik 3.0 is right on track with exactly what the market needs," comments Manuel Vellutini, Chief Operating Officer at Tagetik. "Companies today need to continually review existing technologies to ensure they have a solid platform for growth and I'm delighted that Trader Media has selected Tagetik 3.0 as a replacement for its old platform."

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
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    US Press Contact:
    Alessandra Gamba
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    UK Press Contact:
    Caroline Powell
    +44-(0)20-8297-5388
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SOURCE Tagetik