University of St.Gallen Cooperates With PricewaterhouseCoopers AG and Tagetik

LUCCA, Italy, VIENNA, Italy, ZURICH and MUNICH, December 9, 2010 /PRNewswire/ --

- Cooperation Between University, PwC and Software Vendor for Performance Management and Business Intelligence

Tagetik, a global provider of enterprise software solutions for Performance Management, Governance, Risk & Compliance and Business Intelligence which is represented in the German-speaking countries by pmOne AG (http://www.tagetik.de), today announced the launch of its collaborative project with PwC Switzerland (http://www.pwc.ch) and theUniversity of St. Gallen (http://www.unisg.ch/).

The joint project will provide students attending the Masters course 'Consolidated Accounting' - offered by the Institute of Accounting, Controlling and Auditing of the University of St.Gallen -an outstanding experience to handle the basics on financial consolidationas well as to apply the International Reporting and Accounting Standards (IFRS) to actual cases.

The university has decided to add Tagetik 3.0's complete software solution for Corporate Performance Management (CPM) asa computer-based self-study program to its current course and PwC will support the higher education institution in preparing the case studies and building up the consolidation capabilitieswithin the Tagetik'sapplication. As a result, students will be able to solve consolidation transaction issues using the software Tagetik 3.0 startingfromSpring 2011, thus making the course that much more closer to real life business scenarios.

"For over a hundred years the university of St.Gallenhas provided students with an optimal mix of research and practical experience," explained Chair Prof. Dr. Thomas Berndt, Department of Accounting, Controlling and Auditing (ACA). "For this reason, we have decided to venture in a joint project with Tagetikand PwC to expand our expertise in Performance Management and Business Intelligence and allow maximum performance in teaching and research throughout our Institute of Accounting, Controlling and Auditing".

"As the major provider of assurance and advisory services, it is in our interest to have graduates of the University of St.Gallenwho acquire excellent training that is as close to reality as possible," said Roger Kunz-Brenner, Partner PwC, Leader of the Business Reporting. "Including realistic consolidation accounting cases in the University of St.Gallen Masters courseusing Tagetik 3.0 state-of-the-art tool is an important step for the university in this direction."

"We are honored to be a part of such an ambitious and empowering project with industry experts, PwC and the University of St.Gallen," commented Manuel Vellutini Chief Operating Officer at Tagetik. "I believe it is essential for future managers,to confront the difficulties and complexities that exist in real business scenarios throughout their studies. The opportunity to have hands-on experience using a software that is designed to manage and control the corporate performance of daily business activities is a great advantage for students, making them aware of how important it is to have an accurate and flexible system for data measurement and analysis. This partnership allows to pass on a great 'culture' of financial processes as it meshes highly complex topics drawn from academia, research, training and practice."

About Tagetik

Tagetik delivers a unified software solution for Performance Management, Enterprise Governance, Risk & Compliance, and Disclosure Management with specialized Business Intelligence tools to optimize Collaboration and Communication.

Tagetik 3.0 creates value by simplifying complex business processes for CFOs and CIOs: budgeting, forecasting, cash flow planning, statutory and management consolidation, cost allocation, profitability analysis, financial close and fast closing, dashboard, scorecarding, collaborative disclosure management 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's vision to extend Performance Management and Business Intelligenceto collaborative decision-making inspired us to develop Tagetik 3.0 Enabled by Microsoft SharePoint, moving CPM from Corporate to Collaborative Performance Management.

Tagetik operates in 18 countries leveraging a close partnership with Microsoft. Its market experts are totally committed to the success of 400 customers worldwide, including some of the largest Fortune 1000 companies representing all industry sectors, as well as to build strong relationships with system integrators, technology leaders and local consulting specialists.

Tagetik is a Microsoft Gold Certified Partner.

To learn more: http://www.tagetik.com

Background information on PwC

PwC Switzerland (http://www.pwc.ch) provides industry-focused assurance, tax, legal and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 161,000 people in 154 countries across the global network of PwC firms share their thinking, experience and solutions to develop fresh perspectives and practical advice.

"PwC" is the brand under which member firms of PricewaterhouseCoopers International Limited (PwCIL) operate and provide services. Together, these firms form the PwC network. Each firm in the network is a separate legal entity and does not act as agent of PwCIL or any other member firm. PwCIL does not provide any services to clients. PwCIL is not responsible or liable for the acts or omissions of any of its member firms nor can it control the exercise of their professional judgment or bind them in any way.

Background information on pmOne AG

pmOne AG Munich and Vienna is one of the fastest growing companies in the market for business intelligence and performance management (CPM). It began life at the beginning of 2007 with a long-standing team of BI experts; pmOne AG currently markets and implements company management solutions all over Central Europe. In German-speaking Europe, the company currently employs more than 100 employees at 6 locations all of whom are specialised in solutions for data warehousing as a technical base and in financial applications used for corporate planning, reporting and consolidating on the basis of Microsoft technologies. The company is currently fully held by its Management and its employees.

    Corporate Press Contacts:
    Elisabetta Pierallini
    Luca Pieretti
    +39-0583-96811
    [email protected]

    Switzerland | Austria | GermanPress Contacts:
    Stefan Sexl
    Tim Erben
    +49-89-642-499-0
    [email protected]

SOURCE Tagetik