According to industry analyst reports, CCH Tagetik is a leader for xFP&A and Group Consolidation and Reporting.
Its a cloud based finance solution used by over 2000 customers globally – so you’re in good hands.
Using CCH Tagetik helps you improve your finance processes. Particularly, Budgeting, forecasting, management reporting, financial consolidation and disclosure management. Also, your regulatory reporting requirements like IFRS 9, 15 and 16 are also covered.
With CCH Tagetik you improve your finance processes and business partnering becomes much easier. Furthermore, Reporting and planning is faster and more accurate. As a result, you will have the time to focus on value added activity and get rid of manual tasks. So, your finance team are now more empowered – you own and manage a tool that can make a significant difference in Finance and in the Business.
User friendly application, reliable and with a strong customer support. After few months, all the users were almost independent! Totally recommended!Gartner Peer INsights
What sets CCH Tagetik apart?
3 things make a huge impact.
- finance ownership
- immense range of standardised in-built capabilities
- a single unified platform for finance and operations
Owned by Finance
Your Finance teams manage and maintain their planning and consolidation processes using CCH Tagetik. There is no coding. This means you drag and drop…fill in forms…assign accounts….update mappings. You do not code!
With Tagetik you manage structures, load data and build reports within a few weeks of the project.
As a result, Tagetik is very easy to use for finance – you rely less on IT and technical skills. You become empowered. You configure….but you don’t develop.
The intelligence within Tagetik is already in-built – you need to configure it to meet your needs. It meets the complex needs of FTSE 100 mega companies…as well as SMEs who are outgrowing Microsoft Excel.
The acid test is “can finance manage this system in its entirety”. The answer is yes…and see below for scoping workshops where you can find out how easy CCH Tagetik is to set up and how it can meet your needs..
An immense range of standardised in-built capability
All consolidation and planning solutions DO NOT do the same things. Its a common misconception…but far from the truth.
The reality is that some need much more development and consultant time. This adds cost and risk.
CCH Tagetik is different because the solution is ready to go. You need to adapt Tagetik to look like you…and that’s it. You have reduced implementation costs with no compromise on your final solution.
There is no compromise on flexibility either. Tagetik will deliver for FTSE 100 companies as well as smaller organisations. The in built capabilities meet the most demanding requirements. And your finance teams can do this using easy to use interfaces.
This is an important consideration for any software selection.
You can learn about the in built processes in CCH Tagetik by scheduling a scoping workshop.
A single unified platform for Finance
CCH Tagetik is a single platform for Corporate Performance Management. But what does this actually mean for you?
Your organisation plans, manages against plans and reports. Its the closed loop performance management and regulatory reporting that Finance teams manage.
You plan at different functional levels – strategic, finance and operational. At the strategy level you plan KPIs and summarised key lines. For Finance you plan a P&L, BS and CF. For operations, you plan sales, services, production, HR and many other sub plans. You may also plan with greater frequency and horizons – budgets and rolling forecasts. Your plans are interdependent. They are connected. You also have different sites and entities – you need to consolidate. If you can carry out all this planning in one place then this gives you better accuracy and efficiency.
You manage your performance by comparing actual results against planned results. Your finance business partners help operational leaders to manage their areas. Entities and operating units manage their unit performance. Your Board of directors manages the overall consolidated position.
By having management reports at all levels in a single solution you ensure a single version of the truth. Managers can rely on the information presented to them and have a line of sight from the summary to the details.
You need to produce group consolidated results based on regulatory standards. Group P&L, BS and CF and disclosure notes required in the annual report. The group reporting process can be time consuming. Checks and reconciliations. It needs to be accurate – and transparency is key when the auditors arrive.
All the above processes need to work together. They:
- are interdependent.
- use the same information.
- involve people across the organisation communicating within a common framework.
- involve different systems being able to talk to one another.
A single corporate performance management platform makes these processes work better. Information is more consistent. You have better transparency and line of sight. Everything in one place – controlled and managed by Finance and serving the Business. One single repository of data. One single point of maintenance and administration. One reporting platform. One tool to help you understand your business better than you did before.
So what does the above mean for you?
Benefits come in many shapes and sizes – and its critical to keep your focus on those that will add the most value.
Reduced project costs
Given the range of inbuilt capabilities, there is less to develop from scratch. So project costs are reduced. Also risk is reduced as there is less margin for error…but no compromise on your individual requirements.
Most of our customers opt for a training led project – this means your team participates in the configuration of CCH Tagetik and you are self sufficient at the end of the project. There is off course excellent support available should you need – but we are pleased to say most of our clients can manage their own systems and expand them.
Reduced ongoing costs through automation
Efficiency gains are the most common benefit and they are easy to implement. Cut out time spent on low value activities and at the same time improve accuracy and controls.
Single platform for corporate performance management
Whether you are considering a single focus area or a wider finance remit, there are always single platform efficiencies. Less effort to manage and administer systems. More empowerment of finance teams.
The next generation EPM platform
CCH Tagetik is a planning, consolidation and reporting platform owned by finance and serving the business. Over 3000 global organisations already use the CCH Tagetik solution. It empowers decision makers and business users across all departments, helping them work smarter, streamline business collaboration, and make insight-based decisions with confidence.
Thinking about improving your finance systems?Schedule a 45 mins demo
No Sales, No Slides, Just a quick solution overview.