Workday Financial Management vs CCH Tagetik Comparison

Keeps track of the latest CPM functionalities and embed them in the system. Great workflow, BI real-time, Integration to third part tools, scalable, easy to use and understand for end users. Transparent processes and functionalities for the user to administrate and maintain the system.

Too easy to expand the use of! More than 6 financial and non-financial processes are now transformed in to Tagetik applications.

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.

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.

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

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

- 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

- documentation available online could be improved/extended

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

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)

No pros were added to this review

No cons were added to this review

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

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

The great functionality and the ability to make the consolidation and reporting process contemporary and collaborative. The Financial Reporting feature (last mile).

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

No pros were added to this review

No cons were added to this review

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

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

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.

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

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.

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.

Very intuitive to use and has a modern interface

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

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,...

Read more

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.

No pros were added to this review

No cons were added to this review

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

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

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.

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.

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

customization is not so easy and takes time

No pros were added to this review

No cons were added to this review

Stability

Flexibility

The data is stored in a solid a consistent DB structure which contains all the details required for conducting an audit. A work-flow utility is used to control the consolidation process which indicates the status of data for any particular user which makes it easy to track data as well as enforce security. It is flexible and handles large data sets and also generates data reports at a fast pace.

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.

Large amount of native or custom function available

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

No pros were added to this review

No cons were added to this review

No pros were added to this review

No cons were added to this review

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.

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.