CCH Tagetik Features

CCH Tagetik

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

4.31/5 (82 reviews)

Competitor Feature Comparison

"What If" Scenarios
Ad hoc Analysis
Ad hoc Reporting
Amortization Schedule
Asset Lifecycle Management
Audit Trail
Budgeting/Forecasting
Capitalization Reporting
Cash Management
Chart of accounts
Charting
Consolidation/Roll-Up
Customizable Reports
Dashboard
Dashboard Creation
Data Visualization
Expense Tracking
Financial Management
For Equipment Leases
For Real Estate
Forecasting
General Ledger
Income & Balance Sheet
Key Performance Indicators
Multi-Company
Multi-Currency
Multi-Department/Project
Payment Tracking
Performance Management
Planning Tools
Portfolio Management
Predictive Analytics
Profit/Loss Statement
Qualitative Analysis
Quantitative Analysis
Real Time Data
Real Time Reporting
Reporting/Analytics
Scenario Planning
Scorecards
Self-Service Reporting
Strategic Planning
Tax Management
Version Control
Workflow Management
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"What If" Scenarios
Ad hoc Analysis
Ad hoc Reporting
Amortization Schedule
Asset Lifecycle Management
Audit Trail
Budgeting/Forecasting
Capitalization Reporting
Cash Management
Chart of accounts
Charting
Consolidation/Roll-Up
Customizable Reports
Dashboard
Dashboard Creation
Data Visualization
Expense Tracking
Financial Management
For Equipment Leases
For Real Estate
Forecasting
General Ledger
Income & Balance Sheet
Key Performance Indicators
Multi-Company
Multi-Currency
Multi-Department/Project
Payment Tracking
Performance Management
Planning Tools
Portfolio Management
Predictive Analytics
Profit/Loss Statement
Qualitative Analysis
Quantitative Analysis
Real Time Data
Real Time Reporting
Reporting/Analytics
Scenario Planning
Scorecards
Self-Service Reporting
Strategic Planning
Tax Management
Version Control
Workflow Management
Visit WebsiteCompare App
"What If" Scenarios
Ad hoc Analysis
Ad hoc Reporting
Amortization Schedule
Asset Lifecycle Management
Audit Trail
Budgeting/Forecasting
Capitalization Reporting
Cash Management
Chart of accounts
Charting
Consolidation/Roll-Up
Customizable Reports
Dashboard
Dashboard Creation
Data Visualization
Expense Tracking
Financial Management
For Equipment Leases
For Real Estate
Forecasting
General Ledger
Income & Balance Sheet
Key Performance Indicators
Multi-Company
Multi-Currency
Multi-Department/Project
Payment Tracking
Performance Management
Planning Tools
Portfolio Management
Predictive Analytics
Profit/Loss Statement
Qualitative Analysis
Quantitative Analysis
Real Time Data
Real Time Reporting
Reporting/Analytics
Scenario Planning
Scorecards
Self-Service Reporting
Strategic Planning
Tax Management
Version Control
Workflow Management
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CCH Tagetik Feature Reviews

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

Michał N.

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 CCH 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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Buta B.

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

The interfacing process between other software solutions is pretty seamless and the data structure is relatively simple to understand.

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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Andrea C.

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
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Luca B.

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
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Simone R.

CCH Tagetik - Planning and management control system

2020-09-29

Pros

In a single environment we can have management data reconciled with accounting data and forecast data.

Cons

customization is not so easy and takes time

Rating breakdown

Ease of use
Features

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
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Susan H.

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 CCH 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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CESARE S.

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
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Viral S.

Great product, highly customizable to your needs

2021-08-12

Overall good product, expensive, good customer support and account managers. user friendly, customizable, easy to onboard new users.

Pros

It has lot of built in / out of the box functionality for financial planning and reporting needs.

Cons

Too much customizing also complexes the data flow and processes. some performance issues during our implementation. not in production so far.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
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Chiara Z.

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
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Alessandro M.

The one-stop solution for your financial reporting needs.

2015-09-21

Pros

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.

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 CCH 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
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Buta B.

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 CCH 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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Giorgio G.

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

2017-05-15

Pros

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
Bjorn S.

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

Too easy to expand the use of!

Rating breakdown

Ease of use
Features

Time used: 2+ years

Likelihood to recommend

10/10

Recommendations to others considering CCH Tagetik

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

Source: Software Advice
Helpful?   Yes   No
Read more
Chiara Z.

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 CCH Tagetik

Learn by doing with the software.

Source: Capterra
Helpful?   Yes   No
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Meghan R.

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 CCH 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
Buta B.

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
Dario P.

Tagetik, my reporting tool

2017-03-25

The software offers a wide range of analytical tools, and is very straightforward for reporting purposes.

Pros

Flexibility, quick, reliable and user-friendly

Cons

implementation and set-up costs are substantial

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 CCH Tagetik

recommendable when reporting information must converge towards a more homogeneous template

Source: Capterra
Helpful?   Yes   No
Read more
Stefano B.

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
Kanul D.

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 CCH 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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Harshit A.

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

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.

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 CCH 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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Arshak S.

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 CCH 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
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Ignazio C.

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
Simone R.

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
Alessandro M.

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 CCH 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
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Simone P.

a reliable software for your daily business

2017-05-16

Pros

About this software I like its complete integration for the consolidation areas from the automate eliminations to multiple reporting standards

Cons

Reporting tools can be improved through interactive tools based on existing elements of the relational model.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

9/10
Source: Software Advice
Helpful?   Yes   No
Read more