CCH Tagetik

Vorteile

Viele Controlling-Geschäftsprozesse sind im Standard der Software abbildbar (insbesondere Konsolidierung und Planung). Durch den Analytical Workspace keine Begrenzung mehr hinsichtlich der Anzahl von Hierarchien und Dimensionen.

Nachteile

Tagetik ist ein eher komplexeres Tool, dass für Entwickler, aber auch End-User Schulungen und Trainings voraussetzt.

Vorteile

Reliability, ease of use, great support team

Nachteile

The excel add-on is a bit slow sometimes

Vorteile

Easy of use for final users, ease of maintenace for CFO office

Nachteile

Difficult navigation/retrieval of information within knowledge base

In Betracht gezogene Alternativen

Warum CCH Tagetik gewählt wurde

Vorteile

the semplicity of the cpm environment...

Nachteile

some processes are a bit too cumbersome.

Vorteile

Really great for budgeting and planning work and for generating financial reports for all areas of our business.

Nachteile

There's quite a lot to get your head around when first using it. A bit of a learning curve!

Vorteile

citizenM is a fast growing, global hotel company. We deal with different currencies, GAAP standards, ownership percentages, mergers, et cetera. CCH Tagetik eases this complexity when it comes to budgeting, consolidation and reporting.

Nachteile

The solution could be customized according to the customers wishes, it offers lots of possibilities. This requires detailed knowledge of the system internally (or external consultants) when the configuration requires adjustments.We experienced some challenges during the implementation of the transaction matching module related to the connectivity (API vs. FTP). The support from Tagetik on this has been excellent.

Vorteile

The fact that the administration and the developement can both be done by the business enhances the understanding of the power users a lot.

Nachteile

The performance of big processes (e.g. mid-term planning) can be on the slower side.

In Betracht gezogene Alternativen

Gründe für den Wechsel zu CCH Tagetik

Vorteile

Can cater for pretty much any scenario with new features being added all the time.
Newer versions of the software are very impressive, some of the additions i.e. Tagetik data analytics look amazing.
They offer a lot of support through a Tagetik community and Tagetik Insiders. The social community is growing very fast.

Nachteile

Some parts of the system, in particular, the native Excel reporting is difficult to understand.
It is quite expensive.

Vorteile

1. Easy to use; the learning curve is big.
2. Great customer support with updates about the status.
3. Good knowledge and support by Tagetik consultants and third party consultants
4. Fast software.

Nachteile

1. Lay out a bit confusing; some menu options can be/should be placed clearer and on better places in the menu bar.
2. PDF Manuals are very basic. They should be written in a more practical way and with examples.

Vorteile

I enjoyed the variety of options that offers Tagetik for building applications with different purposes: from accounting reconciliation to allocation of costs up to planning and budgeting.
The application give you the solidity of strong audit compliance.

Nachteile

As I saw with most software, you requires a rather intensive use to have "know how" on the instrument and the many potential offers

Vorteile

CCH Tagetik allowed our team to automate our consolidation process which saves me hours each month and takes the user error out of the process

Vorteile

The system is extremely easy to use for technical and non-technical personnel. The system also has a wide range of out of the box features to get started right away, while also being extremely flexible in case you want to scale the product with your business.

Nachteile

The product is generally extremely intuitive for the portions that a customer would use or be familiar with. That being said, new developments should be promoted more, in order for customers to keep up with the system and take advantage of the changes.

Vorteile

Tagetik has succeded to develop a Corporate Performance Management system which can fullfill the reporting needs (including legal compliance requests) of a great number of companies. Doesn't matter if you are a small firm or a large company, if you are an industrial company or a service provider. Tagetik offers a scalable solution which can easily implemented on your existing transactional applications, creating a consistent set of data which can be used for different proposals such as the draft of the financial statements, or a reporting package for internal use, or even a CSR report. Moreover the integration with the MS Office suite application (such as Word, Excel and Powerpoint) establish a familiar interface, thus empowering the day-by-day activity of data entry, report creation and data analysis. Last but not least, one of the key factors that make Tagetik your choice for your financial reporting activities resides in its consultants, who are focused on delivering a solution which fits perfectly to your requests. When you buy Tagetik you don't only buy a software. You buy a valuable service for your business.

Nachteile

Like any business software, Tagetik needs to be updated in order to increase its performance and to meet the hardware and software standards always evolving. If you are looking for a "one-shot investment" which could solve all your problems for the next 10 years look elsewhere. Even if it means that you are still running Office 97 on a Windows XP machine. And even if I'm not sure you are going to find what you are looking for.

Vorteile

Tagetik is a system base and build with the enough trust that the information will be ok.

Nachteile

The training process is not very easy to handle

Vorteile

Tagetik is a simple to use and flexible instrument.
I didn't follow the implementation from the beginning but I've learned quickly the majority of functionalities.
I learned to use Tagetik mostly from my collegues and by using it. It's not a stressing process.
This application permit the users to improve their accounting and analysis skills thanks to its features.
Tagetik is a smart company, creates network among customers and employees.

Nachteile

The online guide is poor of contents. It could be good for a beginner but it lacks of specific topics. In particular for CDM's section.

Vorteile

- flexibility of setup with IT involvement needed
- integrated product for reporting/forecasting/budgeting/consolidation
- integration with excel
- easy to use
- scalable
- transparent processes and workflows

Nachteile

- documentation available online could be improved/extended

Vorteile

Integrated product for consolidation, budgeting and forecasting.
More opportunities to customize it adding other cockpit like HR, ERM and HSE.
Consultants always available to hear your problems and fix your issues. Simple to use with Excel interface.
Possibility to use cloud solution.

Nachteile

During over 7 years of experience with Tagetik I can say I haven't had any kind of issue that we don't fix.
Furthermore Taegtik team is always available for their customers.

Vorteile

Tagetik is an integrated solution for all your needs about performance management, Solvency II reporting, IFRS and much more.

Nachteile

For our company, the main least of Tagetik is the lack of a native integration with the software APM of the same Company.

Vorteile

Specifical and powerful functionalities for the insurance industry (SolvencyII, IFRS, Narrative, ecc.)

Nachteile

Little integration between the 2 Tagetik platforms APM and CPM. It should be remedied in the next future.

Vorteile

Tagetik allows administrators to create multiple hierarchies to customize numerous reporting requirements.
It is a very flexible software which can be molded as per requirements.

Nachteile

Without being involved in the implementation process, it is difficult for an individual to speed up on using the system and generating reports.
It will be very beneficial to have a liaison at Tagetik who can guide the businesses in the implementation process to make the users aware of some of the features that the software has but the businesses might not be aware of.
Sometimes, while setting up the accounts, users are required to enter information that is not pertinent to their company but they still have to enter it.

Vorteile

I really like the simplicity of use of the software as well as the friendly relationship and professionalism that is formed with the vendor

Nachteile

The thing I like least is the part related to the definition of multiphase processes, but this is one small exception

Vorteile

Software is easy to use with Excel front end. Company is supportive and knowledgeable.

Nachteile

Not much. A few years ago there were some translation issues, but not much now that they have a bigger presence in the US

Vorteile

The ability to warehouse, pull, and update large volumes of data.

Nachteile

The inability to easily create or modify reports plus the trouble successfully running complex reports with more than one analysis build in.

Vorteile

Tagetik Consolidation is a robust financial consolidation solution. Concerning the others areas of my experience, it is a less strong solution but it is possible to customize to address complex requirements.

Nachteile

Not all of the modules are robust, in some cases to much customizations are required during implementation.

Vorteile

All our company with unique chart of account
Simulation of differents budget and scenarios
Financial planning

Nachteile

With our release (4.3.2) is no possible to print the book on PDF
With our release (4.3.2) weve no dashbord
Report flexibility (we're limited by matrix)

Vorteile

Fast integration with SAP 4 Hana, easy to use and implement, flexible and scalable solution.

Nachteile

Not easy use of ad hoc analysis to build flexible reports only for specific and not repeatable purposes

Vorteile

Very intuitive to use and has a modern interface

Nachteile

Changing something could become complicated as the tool is rather complex on the back end.

Vorteile

The fact that it's very useful to manage your budget expecially in the money transfer from a user to another, even when you transfer more than 1000K€

Nachteile

The fact that you need a special consultant to learn how to use it: an operating manual would be too long

Vorteile

Easy to use and configure for the ongoing routines (a first implementation by a skilled consultant is required and suggested). - Familiar look-and-feel which replicates the tipical MS Excel interactions. - Easy to install on remote terminals (works also on mobile devices) for external contributors. - Data are managed in a consistent way. - Scalable architecture which lets you add new modules and manage large consolidation perimeters. - Possible automation for the most common consolidation routines (intercompany eliminations, consolidation adjustments, etc.). - Tangible returns in terms of time spent on reporting generation and time-to-market.

Nachteile

Depending on your business, the implementation of this platform could require a consistent effort in terms of architecture and data flow projecting. The assistance of a skilled consultant is largely suggested. This step is crucial in order to take the maximum benefits from this product.

Vorteile

It is blank vanilla product that lets us customize it to fit our needs.
It has lot of built in / out of the box functionality for financial planning and reporting needs.
The implementation is quick and easy with SaaS.

Nachteile

The nicheness of the product means, it's costly and hard to find consultant/developers.
Too much customizing also complexes the data flow and processes.
some performance issues during our implementation. not in production so far.

Vorteile

flexibility, scalability, reporting (very easy to manage with opportunity for each contributor to create report ad-hoc), unique data base for management data, statutory consolidation, budgeting&forecasting, possibility to have for each project the economic&financial data, possibility to do across differente view using hierarchies

Nachteile

sometimes is not too much flexible and maybe you have to adapte your needs to its structure, i'd like to have more opportunity to have different sensitivities without having different scenarios

Vorteile

After the Tagetik implementation was closed and we could launch out first budgeting year with it, we saw a radical change in the way we work, how fast we get the data, how easy the users work with it, how clean and reliable it was. The quarterly closings and consolidations have become so much neater and faster.

Nachteile

The original project was a lot more complex on the revenue generating side, the cash flows, the intercompany declarations, which we had to give up doing directly in Tagetik and instead loading them through Excel modeling done outside the system. Clearly budgeting and forecasting from a flow point of view takes longer because it's not a "update a number, push the button, system is updated" anymore.

Vorteile

Ease of use and powerful features. Excel integration is good.

Nachteile

Help screens are useful overall but English is poor.

Vorteile

6 years of history with our Tagetik journey
Four upgrade almost without any pain.
Easy to maintain and administrator. Super end user friendly - finance people loves it's excel

Nachteile

Easy to get carried away to do too many changes

Vorteile

The software is very easy to use and really helpful with our internal processes of Budgeting Planning Closing and Managerial Consolidation

Nachteile

The software is less good when you need some function that is not a default set. In this case it is more difficult to achieve your expected results. In reality this occurs a few time.

Vorteile

Cloud based software that has a minimal downtime

Nachteile

Structure is not user super friendly. Lot of things are coded in Italian which makes it a bit challenging.

Vorteile

L'utente con cui lavoro risulta soddisfatto del prodotto e delle sue funzionalità

Nachteile

per il momento non ho riscontrato dei problemi

Vorteile

It's very flexible, the software can cater for almost any process quirk you can throw at it. The interfacing process between other software solutions is pretty seamless and the data structure is relatively simple to understand.

Nachteile

Because the software can cater for so many different solutions it has an awful lot of inbuilt complexity and it's very tricky to navigate the program at times (especially for administrators) and the report building process is very complex.

Vorteile

The reporting features, are intuitive and simple to use, drag and drop to create report and complicated filterings can be maintained easily by using it dynamically. User interface is asthetically pleasing, making the closing process easier to navigate, follow through and fast.

Nachteile

The execution running time can sometimes be slow for certain processes. Maybe it could be due to complex calculations or maybe there are external factors in play behind the software (other user performing the same thing at the same time)

Vorteile

The software platform provides everything we were looking for in a solution and more. Service and support has been outstanding and we now have a solution that is more efficient and provides better data sooner.

Nachteile

I wish some of the documentation were more comprehensive. tge pricing structure is a bit odd and complicated. I'd like to see it streamlined.

Vorteile

I really like the automation feature which saves a lot of time and the user interface is easy to master

Nachteile

I had a very good experience with cch tagetik I will recommend it

Vorteile

CCH Tagetik has amazing customer services. They are always willing to help whenever we have a question. We also switch to CCH Tagetik consolidation tool and this has eliminate a lot of human error and has strengthen our financials on accuracy.

Nachteile

The speed to retrieve data could be faster. Now, this could be our company needing to upgrade servers.

Vorteile

It's a tip to a better way of working
saving time to perform better

Nachteile

Our consultant from the beginning is the same person, we know each other and we work as we are colleagues

Vorteile

In a single environment we can have management data reconciled with accounting data and forecast data. It is possible to create customized environments.

Nachteile

customization is not so easy and takes time

Vorteile

I like the way I can make autonomously report using excel interface, that is in my opinion very simple and user friendly. Also the process cockpit is very helpful to manage processes.

Nachteile

I don't like the sql query tool included in the excel reporting interface. I prefer traditional sql server tool.

Vorteile

Very customizable and flexible in the design of Tagetik for your business

Nachteile

Can be somewhat difficult to learn at the beginning, but just like anything else, it just takes time.

Vorteile

Facilià di implementazione e di manutenzione. Semplicità di utilizzo

Nachteile

Ad oggi dopo anni di utilizzo non abbiamo riscontrato nessun inconveniente

Vorteile

The software is very easy to use and really helpful with our internal processes of Budgeting Planning Closing and Managerial Consolidation.

Nachteile

The software is less good when you need some function that is not a default set. In this case, it is more difficult to achieve your expected results. This occurs just a few times.