Tagetik Reviews

Tagetik

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

4.33/5 (77 reviews)

Pros
  • 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.Buta B.Read the full review
  • Excellent software - easy and rapid to deploy and configure. Quick wins through easy to design and deploy reports and additional wins through user familiarity with Excel add-in front-end.Richard C.Read the full review
  • Awesome product, supplier easy to work with (a big bonus). Probably the best joint decision Finance and Technology have ever made regarding choice of core systems.Bob C.Read the full review
Cons
  • The website does freeze and crash on occasion.Verified ReviewerRead the full review
  • Processes can be greatly automated thereby increasing efficiency and reducing the error rate. Some parts of the product however are needlessly over complicated.Buta B.Read the full review
  • M writing only about the firs two issues given that we ahve set up the programs in three different environment, whic is the main problem regrding Tagetik in our company.Andrea R.Read the full review
98%
recommended this to a friend or a colleague
Sabrina Fraccaroli

Tagetik is easy

Used daily for 2+ years
Reviewed 2017-01-12
Review Source: GetApp

We choose tagetik some years ago for consolidation. the year after we started a new project for budgeting then planning... every project was a success

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

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Alessandro Mantini

The one-stop solution for your financial reporting needs.

Reviewed 2015-09-21
Review Source: Software Advice

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. 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.

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

Likelihood to recommend: 9/10

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Buta Biring

Very good flexible software.

Reviewed 2016-07-12
Review Source: Software Advice

Pros
It's very flexible and is easy to integrate with other software programs and the interfacing process is seamless.

Cons
It's overly complex at times, some parts of the software are difficult to understand and administer because it can do so much.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 6/10

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Cristina Radici

Tagetik review 2019

Used daily for 2+ years
Reviewed 2019-12-09
Review Source: Capterra

Overall we are happy about Tagetik and we continued buying new modules (IFRS16, CbCR) to help us with the new regulations. We support having the system and make it grow with new items.

Pros
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.

Cons
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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Buta Biring

It does an awful lot

Used daily for 2+ years
Reviewed 2017-01-15
Review Source: GetApp

I've used Tagetik for 3 years now and I find it to be a very flexible system, it's at times too complex because it offers so much. It is very reliable and the data structure is relatively easy to understand. It is also a pretty seamless integrating Tagetik with other software using one of the many standardized ETLs.

Pros
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.

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 6/10

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Arshak Shamoun, MSc

Tagetik; My Experience

Used daily for 6-12 months
Reviewed 2017-01-06
Review Source: GetApp

The company I work for is a health Insurance company with around 2300 employees. We started to use Tagetik since 2015 and the reason to do so is to simplify our reporting process. By using Tagetik we are able to deliver our reports faster and with a much better quality. For now, we are even planning to start using budgeting and planning, which is on the calendar for 2017.

Pros
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.

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

Likelihood to recommend: 9/10

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Michał Nitka

Flexible and powerful CPM

Used daily for 1-2 years
Reviewed 2017-02-15
Review Source: Software Advice

Tagetik is a scalable solution which can implement to cover all financial reporting processes but not only. It can be easily used to support operational reporting, what gives real benefit of having both financial and not financial data in one place. Consolidation functionalities as strong advantage of Tagetik.

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

Likelihood to recommend: 10/10

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Stefano Benetti

Tagetik CPM for managment closing and planning

Used daily for 1-2 years
Reviewed 2017-03-28
Review Source: GetApp

Pros
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.

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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Bobbi Miller

Adds value to financial reporting and analysis

Used daily for 1-2 years
Reviewed 2017-06-13
Review Source: GetApp

Pros
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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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Alessandro Mantini

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

Used daily for 2+ years
Reviewed 2017-02-07
Review Source: Capterra

We use Tagetik for our statutory and management consolidated reporting processes. The recent stress test on this tool has been given by our latest M&A operations, in which we had to consolidated many companies with lots of intercompany relationships between them and within our Group perimeter. Tagetik let us manage this transition easily and in a short time lapse. With an appropriate configuration of the environment these new incorporations did not require additional resources (in terms of time and people). 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. In this process it is worth mentioning the contribution of the Tagetik consulting team that has supported us with prompt interventions on our main technical issues.

Pros
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.

Cons
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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Buta Biring

Tagetik is maybe a little too good.

Used daily for 2+ years
Reviewed 2016-07-19
Review Source: Capterra

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. 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

Likelihood to recommend: 8/10

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Andrea Corsini

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

Used daily for 2+ years
Reviewed 2017-05-19
Review Source: Capterra

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

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Angelo Federico

Smart and easy to use

Used daily for 2+ years
Reviewed 2017-05-17
Review Source: Software Advice

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

Pros
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.

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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Brooke Ward

Great Customer Service/Accuracy with Consolidation

Used daily for 2+ years
Reviewed 2017-06-13
Review Source: Software Advice

Treat their customers right.

Pros
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.

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Bjørn Born Sylvest Sylvest

Tagetik CPM

Used daily for 2+ years
Reviewed 2017-03-21
Review Source: Capterra

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

Pros
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

Cons
Easy to get carried away to do too many changes

Rating breakdown

Ease of use
Features

Likelihood to recommend: 10/10

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Anonymous

Tagetik

Used daily for 2+ years
Reviewed 2017-05-16
Review Source: GetApp

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

Cons
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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Giosue Cusumano

Tagetik a powerful tool for your CPM Processes

Used daily for 2+ years
Reviewed 2017-05-16
Review Source: Software Advice

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

Cons
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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Dario Pezzati

Tagetik, my reporting tool

Used daily for 2+ years
Reviewed 2017-03-25
Review Source: Capterra

The software offers a wide range of analytical tools, and is very straightforward for reporting purposes. It is very useful for reconciliations and tidying up the accounts.

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

Likelihood to recommend: 9/10

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Chiara Zin

Smart and effective

Reviewed 2016-07-16
Review Source: Capterra

The reporting with use of Tagetik has become faster and more effective. You can organize the report fitting the users needs. The consolidation process works well. A good thing is that the consolidator can follow step by step the data-entry process of the subsidiaries.

Pros
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.

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

Likelihood to recommend: 8/10

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Harshit Aggarwal

Tagetik helps ease out operations, a big help!

Used weekly for less than 6 months
Reviewed 2016-11-09
Review Source: Software Advice

Tagetik is well suited to rapidly evolving businesses due to the ease with which hierarchies can be manipulated. 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. Tagetik has the ability to pick data and match it based on common parameters in order to generate a report in a nice presentable format. Linking matrices is a whole lot easier, just give it some time initially for database creation but that will help in an efficient system later.

Pros
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.

Cons
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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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Chiara Scagliotti

I have managed many projects of statutory and managerial consolidation financial statements

Used daily for 2+ years
Reviewed 2017-05-10
Review Source: Capterra

Pros
There is always a solution tailored on the customer needs built together. Technical support is efficient and available in every moment.

Cons
Sometimes some logics in the processes seem to be more complicated than they are. More simplification can be useful.

Rating breakdown

Value for money
Ease of use
Features
Customer support

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Simone Palleschi

a reliable software for your daily business

Used daily for 2+ years
Reviewed 2017-05-16
Review Source: Software Advice

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

Likelihood to recommend: 9/10

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Luca Bagnacani

Tagetik is not just a software but much more

Used daily for 2+ years
Reviewed 2017-05-12
Review Source: Capterra

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

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Ease of use
Features
Customer support

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Roberto Vigolo

The purpose of the project was challenging but the results were met

Used daily for 2+ years
Reviewed 2017-05-08
Review Source: Capterra

Pros
The software can provide a great flexibility for all the company's needs and covers all our business processes

Cons
During the implementation too many complex customizations were implemented and few technical manuals were given.

Rating breakdown

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Ease of use
Features
Customer support

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Claudio Falduto

Tagetik platforms offers great potential for your business, if you learn to use them well

Used daily for 2+ years
Reviewed 2017-05-12
Review Source: Capterra

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

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

Rating breakdown

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Features
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