CCH Tagetik
Intelligent Corporate Performance Management (CPM) with CCH Tagetik
CCH Tagetik is part of the Wolters Kluwer Group and has built its reputation by solving complex financial challenges with innovative Corporate Performance Management (CPM) software solutions. According to both Gartner and BARC studies, CCH Tagetik is one of the market leaders in financial close and planning applications. Tagetik is used by over 75,000 users and deployed by over 1,000 customers.
Integrated and holistic Corporate Performance Management (CPM) platform
The solution offers users an integrated, web-based platform for all areas of corporate performance management.
Budgeting, planning, internal and external reporting, consolidation and financial analysis are unified and integrated by the CPM system of CCH Tagetik. The open architecture with a centralized database and uniform calculation rules brings great advantages for the speed and reliability of the system.
For financial planning, Tagetik enables an integrated and flexible approach: Top-down, bottom-up and hybrid planning approaches for long and short term planning periods. The integration of financial consolidation applications also allows for individual group planning with a high level of accuracy. The various financial processes are organized in Tagetik for easy coordination along the workflows. Built-in AI functionalities, unlimited dimensionality and access to data at document level provide even better analysis options.
In addition to detailed financial planning of, HR planning and cash flow planning can also available. For cash flow planning, Tagetik offers the possibility to display direct and indirect cash flow. Strategic planning can be supported by integrating M&A activities. The modeling of credit modalities and dividend payouts enables databased strategic treasury decisions. Efficient in-memory processing makes it technically straightforward and efficient to map the entire financial planning process. For consolidation, various cockpits provide a clear overview of the processing status of data entry and transfer at any time. The integrated intercompany cockpit enables rule-based foreign currency conversions to organize the documentation of intercompany reconciliations in one system.
The Tagetik platform also includes an application for the creation of financial reports. This application enables ESEF reporting. A template library allows the integration of other reporting requirements such as Solvency II, IFRS 17, IFRS 9, FINREP & COREP and Basel III.
Flexible and user-friendly CPM system navigation
Seamless Excel integration allows users to create reports and enter data in a familiar environment. All input fields can be edited via an Excel add-in as well as in the web interface.
The Tagetik platform follows a workflow logic, allowing users to follow the overall process at all times. All cockpits can be configured for user-specific start pages.
Cloud-based corporate performance management for the future
Tagetik is committed to the concept of "Cloud without compromise", providing its customers with various cloud-based options in addition to a classic on-premise implementation. Tagetik's software can be deployed on Amazon AWS and MS Azure Services as well as SaaS on a multi-tenant public cloud. The Tagetik Cloud offering is backed by a 24/7 support infrastructure, various security certifications and an average uptime of 99.95%.
TAGETIK ANALYTIC INFORMATION HUB LEVERAGES AVAILABLE DATA
The ever-increasing amount of data, combined with traditional financial and consolidation results, can provide great value-added in corporate management. Tagetik's Analytic Information Hub provides a data infrastructure where data from different legacy systems can be combined and analyzed. The efficient database structure allows for detailed and consistent to-date reporting. The Analytic Information Hub allows the integration of predictive analytics and machine learning. By extending the Tagetik data model in this way, the Tagetik Analytic Information Hub provides the possibility to intelligently and efficiently map all company-specific planning requirements. Due to the unlimited number of dimensions and the open data model of the Analytical Hub, planning can be adapted to any business model.
CCH TAGETIK POWERED BY SAP HANA
CCH Tagetik is the first CPM provider to be awarded the rating "powered by SAP HANA". Tagetik directly uses the HANA database. The solution uses one of the most powerful and modern in-memory technologies. This enables processing of high volume granular data not only for consolidation and for planning, but also opens new possibilities to process the company data and derive valuable insights. By using SAP HANA Smart Access, data from different pre-systems and HANA can be loaded directly into the Tagetik ETL engine.
The integration of CCH Tagetik with SAP HANA also provides real-time data access, real-time reporting and on-demand data analysis for the Tagetik platform. Feeding the Tagetik Information Hub with inputs from SAP HANA database also ensures that the extensive Tagetik data model is automatically transferred to existing SAP Analytics modules such as SAP Analytics Cloud or SAP Analysis for Office. In this process, the security concepts are adopted.
From a technical point of view, the integration of CCH Tagetik into the SAP HANA database can improve the performance of financial consolidation and financial planning as well as the speed of report generation.
Intelligent Corporate Performance Management (CPM) with Tagetik and WTS Advisory
CCH Tagetik offers a comprehensive Corporate Performance Management (CPM) platform that provides the technical foundation for intelligent corporate management. The possibility of seamless integration into an existing HANA environment allows for leveraging of financial data. As a partner of CCH Tagetik, WTS Advisory supports you in the successful implementation of Tagetik Solutions.
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