Tagetik Features

Tagetik

Cloud-based & on-premise CPM solution for financial planning

4.35/5 (82 reviews)

Tagetik Feature Summary

  • Create, share, access & distribute real-time reports
  • Create “what if” insights on cash flow, profitability etc
  • Full-featured cash flow modelling & forecasting capabilities
  • Generate rolling budget performance forecasts within clicks
  • Performance management designed for the office of finance
  • Data visualizations include dynamic charts, heat & geo-maps
  • Build, create, share and publish analytic dashboards
  • Strategic, cash flow, profitability & budget planning tools
  • Manage workflow actions and deadline tasks by assigned user
  • Embedded business and financial intelligence features
  • Collaborative disclosure reporting such as board books etc

Finance & Accounting Feature Comparison

Most popular features of all Finance & Accounting apps

API (166 other apps)
Accounting Integration (107 other apps)
Accounting Management (104 other apps)
Activity Dashboard (111 other apps)
Auditing (78 other apps)
Automatic Notifications (100 other apps)
Automatic Reminders (80 other apps)
Billing & Invoicing (114 other apps)
Customizable Reporting (84 other apps)
Data Import/Export (90 other apps)
Electronic Payments (99 other apps)
Expense Tracking (107 other apps)
Invoice Management (158 other apps)
Invoice Processing (95 other apps)
Multi-Currency (92 other apps)
Real Time Data (91 other apps)
Receiving (90 other apps)
Recurring Billing (78 other apps)
Reporting & Statistics (105 other apps)
Third Party Integration (94 other apps)

Tagetik Feature Reviews

25 reviewers had the following to say about Tagetik's features:

Buta Biring

Tagetik is maybe a little too good.

2016-07-19

Tagetik is a wonderfully flexible product which we use for contract forecasting, year end statutory accounts and monthly management accounts production.

Pros

It's very flexible, the software can cater for almost any process quirk you can throw at it.

Cons

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
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CESARE SCHIAREA

TAGETIK: a flexible, modular, scalable and integrated Platform,

2017-02-25

With tagetik I got a lot of benefits: Massive quantity of data automatically collected New processes designed Automatic Data Quality controls defined and implemented Complete auditability for processes and data modifications (i.e.

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Giorgio Giannini

The initial understanding is rather difficult, but in general positive Experience

2017-05-15

Pros

Versatility and the ability to create and manage reporting reporting automatically. Possibility to have a clear point about overall performance and Ease in uploading and managing data.

Cons

Wrapped up is the process of implementing new reports, and the sections in which the various activities are divided are not always very intuitive.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Daily

Source: Capterra
Helpful?   Yes   No
Read more
Susan Heffern

Verified Reviewer

One stop shot

2016-11-21

We now use Tagetik for all of our financial reporting including international currency consolidation.

Pros

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

Cons

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Weekly

Likelihood to recommend

10/10

Recommendations to others considering Tagetik

Get a project manager on the design and follow-up of the implementation. You will be glad you did.

Source: GetApp
Helpful?   Yes   No
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Michał Nitka

Flexible and powerful CPM

2017-02-15

It can be easily used to support operational reporting, what gives real benefit of having both financial and not financial data in one place.

Pros

- 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

Cons

- documentation available online could be improved/extended

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

10/10

Recommendations to others considering Tagetik

Invest time in proper set up of data model at the beginning. Client should be highly involved in implementation - this benefit later and gives posibility to build reports fast.

Source: Software Advice
Helpful?   Yes   No
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Kanul Dhawan

Targetik is a must have in today's business environment

2016-11-09

The data can be entered in MS Suite type interface which makes it easy to use and implement while handling complex procedures.

Pros

It is flexible and handles large data sets and also generates data reports at a fast pace.

Cons

The user manual can be improved to include a detail description of topics which will improve functionality. Some of the functions and error messages are displayed in Italian which can be corrected.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Monthly

Likelihood to recommend

9/10

Recommendations to others considering Tagetik

Targetik is a scalable tool which can be customized as per the requirements of business. It helps in organizing the data in a better way and thus generate meaningful reports.

Source: Software Advice
Helpful?   Yes   No
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Chiara Zin

Smart Tool

2017-02-10

It addresses the Group consolidation process and the data transfer to the management control reporting.

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Andrea Corsini

Our experience started in 2006 and in September 2007 we have had the first go-live.

2017-05-19

Pros

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

Cons

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Source: Capterra
Helpful?   Yes   No
Read more
Chiara Zin

Smart and effective

2016-07-16

A good thing is that the consolidator can follow step by step the data-entry process of the subsidiaries.

Pros

This application permit the users to improve their accounting and analysis skills thanks to its features.

Cons

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Likelihood to recommend

8/10

Recommendations to others considering Tagetik

Learn by doing with the software.

Source: Capterra
Helpful?   Yes   No
Read more
Luca Bagnacani

Tagetik is not just a software but much more

2017-05-12

Pros

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

Cons

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Source: Capterra
Helpful?   Yes   No
Read more
Harshit Aggarwal

Tagetik helps ease out operations, a big help!

2016-11-09

Managers/directors can open a standard form that will pull in only data that he or she has the rights for and then generate meaningful reports.

Pros

Tagetik allows administrators to create multiple hierarchies to customize numerous reporting requirements.

Cons

Without being involved in the implementation process, it is difficult for an individual to speed up on using the system and generating reports.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

8/10

Recommendations to others considering Tagetik

This is a powerful package for financial reporting, budgeting, forecasting and generating reports. It is helpful in all kinds of organizations at different levels in order to increase the efficiency of work.

Source: Software Advice
Helpful?   Yes   No
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Buta Biring

Verified Reviewer

It does an awful lot

2017-01-15

It is also a pretty seamless integrating Tagetik with other software using one of the many standardized ETLs.

Pros

Tagetik data analytics look amazing.

Cons

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

6/10

Recommendations to others considering Tagetik

You must invest in in-house expertise and you will need at least one super user.

Source: GetApp
Helpful?   Yes   No
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Bjorn Sylvest

Unified Corporat Management Solution

2015-03-31

Pros

Great workflow, BI real-time, Integration to third part tools, scalable, easy to use and understand for end users.

Cons

More than 6 financial and non-financial processes are now transformed in to Tagetik applications.

Rating breakdown

Ease of use
Features

Time used: 2+ years

Likelihood to recommend

10/10

Recommendations to others considering Tagetik

Do not hesitate to get to know Tagetik. You will never regret it after.

Source: Software Advice
Helpful?   Yes   No
Read more
Alessandro Mantini

The one-stop solution for your financial reporting needs.

2015-09-21

Pros

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.

Cons

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.

Rating breakdown

Ease of use
Features
Customer support

Time used: 2+ years

Likelihood to recommend

9/10

Recommendations to others considering Tagetik

Always think that investing on software means having a clear idea of your organisation and its operations. A good knowledge of your business means a better understanding of your reporting needs and leads to a better implementation of your CPM. For this reason, the contribution of a qualified consulting firm is really valuable.

Source: Software Advice
Helpful?   Yes   No
Read more
Arshak Shamoun, MSc

Verified Reviewer

Tagetik; My Experience

2017-01-06

We started to use Tagetik since 2015 and the reason to do so is to simplify our reporting process.

Pros

Good knowledge and support by Tagetik consultants and third party consultants 4.

Cons

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

9/10

Recommendations to others considering Tagetik

I would recommend Tagetik, since it is easy to use, very efficient, fast and you get good customer support. Besides of that, it has many feautures, which also makes our way of doing business easier and more efficient.

Source: GetApp
Helpful?   Yes   No
Read more
Buta Biring

It provides a solution for any process

2016-04-13

Each of these processes is very different from the other and it's amazing the way we can refine the design of Tagetik to contend with the many process irregularities we have within our organization.

Rating breakdown

Ease of use
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Simone Ricetti

Planning and management control system with Tagetik

2017-03-24

Thanks to Tagetik we now plan better and faster; with respect to the actual data instead we now have a more transparent link between the accounting data and management data as well as the ability to have a multidimensional view of data.

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Meghan Reed

All around a decent product

2015-10-14

Pros

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

Cons

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

Rating breakdown

Ease of use
Features
Customer support

Time used: 1-2 years

Likelihood to recommend

6/10

Recommendations to others considering Tagetik

Read a lot of reviews and ask for references so you can talk to other users.

Source: Software Advice
Helpful?   Yes   No
Read more
Stefano Benetti

Tagetik CPM - my experience with budgeting and accounting reconciliation

2017-03-24

We have worked to build an application to be able to do: - strategic planning - definition of commercial budget - gathering information workflow - reconciliation of data management and Accounting Tagetik give us the opportunity to combine all these requirements

Pros

Large amount of native or custom function available

Cons

not so easy to use for beginners, It requires a lot of practical application to get all the benefits

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Software Advice
Helpful?   Yes   No
Read more
Adrianna Mcmaster

Verified Reviewer

Do not be afraid to try, it will not let you down

2018-04-19

Pros

We have built planning/budgeting applications and reconciliation between accounting and DWH data.

Cons

The documentation of the service is not comparable with the quality and characteristics of the application. Menus and manuals are sometimes too technical, it's a bit difficult for a typical user to understand everything right away.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Weekly

Likelihood to recommend

8/10
Source: GetApp
Helpful?   Yes   No
Read more
Job Hakkert

Verified Reviewer

Extremely flexible

2018-01-25

Pros

Easy to use for the end user, great for consolidation, broad reporting functionalities and the combination of a single data source and validation processes ensure accuracy.

Cons

It has to be updated regularly to ensure performance standards since it can be slightly buggy at times, but Tagetik takes their responsibility to keep working on it.

Rating breakdown

Ease of use
Features

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

9/10
Source: GetApp
Helpful?   Yes   No
Read more
Ignazio Cellupica

I've been learning for a year

2017-05-17

Pros

The simplification of databases, the stratification of data, the possibility of not having to copy the same data many times

Cons

Sometimes it is unclear, improved reporting tools, data model is complex and of no immediate comprehension

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Weekly

Source: Capterra
Helpful?   Yes   No
Read more
Mario Guerci

The general experience is very positive. After a settling period, we are now 99% independent. Numero

2017-05-15

Pros

The great functionality and the ability to make the consolidation and reporting process contemporary and collaborative.

Cons

There are some specific complexities that are difficult to understand, some technicalities a bit cumbersome. Ease of use to improve

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Source: Capterra
Helpful?   Yes   No
Read more
Alessandro Mantini

A business partner you can count on. Especially on M&A operations.

2017-02-07

The absence of information duplicates and the use of an automated data entry platform allowed us to manage the communication with our new contributors in an efficient and effective way.

Pros

. - 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.

Cons

Depending on your business, the implementation of this platform could require a consistent effort in terms of architecture and data flow projecting.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

9/10

Recommendations to others considering Tagetik

Investing on a software solution like Tagetik in an effective way means reconsidering all the processes pertaining to the office of finance. Tagetik is an investment with many synergies linked to the use of all its modules and the new technologies within. It is a typical change management challenge with its costs in terms of budget and time spended for the implementation of the solution and the training of your resources. It seems an hard challenge, but outcomes can really make the difference.

Source: Capterra
Helpful?   Yes   No
Read more
Angelo Federico

Smart and easy to use

2017-05-17

Tagetik help me and my company to manage different distributed processes, like closing, budgeting, forecasting and KPI.

Pros

Also the process cockpit is very helpful to manage processes.

Cons

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Software Advice
Helpful?   Yes   No
Read more