Tagetik continues global expansion in CPM
and announces new operations in UK and Ireland
Lucca, Italy 03 February 2008Tagetik, an international provider of the next generation of Corporate Performance Management (CPM) solutions, today announced the opening of their new UK & Ireland office based in London. This strategic move strengthens Tagetik’ s distribution capability into another large and growing market for CPM products and services.
"Our presence in the UK and Ireland marks a fundamental step for Tagetik" said Bani Brandolini President International "this step is further proof of our commitment to a global expansion that leverages Tagetik CPM as the most complete and innovative CPM solution on the market. The UK is one of the most competitive markets and our offices will be managed by a highly skilled team of CPM professionals."
“In today’s CPM market where unification of processes are based on the integration of different products, Tagetik stands out because it is the only software solution that unifies all CPM processes in one single product,” comments Shak Akhtar, Managing Director of Tagetik UK & Ireland “To be successful globally it is necessary to deliver a solution that reflects the new trends of Corporate Performance Management and help companies handle growing pressures created by increasingly competitive markets and adapt to new regulatory requirements such as IAS, SOX etc. easily and in real time.”
The team managed by Shak Akhtar, is composed of 10 people in London, all with experience in large multinational software, Business Intelligence and Corporate Performance Management companies. Akthar, previously held management and senior management roles within, JDEdwards, SAP iTwo, QRS and BEA.
The global expansion of Tagetik is guaranteed both by a young, bright and enthusiastic Management team who is at the forefront of all operational activities, as well as a cutting edge CPM solution that has the ability to adapt to different situations and regulations specific to all countries. Tagetik CPM enhances the unification of processes and includes new innovative functionality for all of the “core” processes defined by Gartner (Budgeting-planning and forecasting, Profitability Modeling & Optimization, Dashboard and Scorecard applications, Financial Consolidation, Financial Statutory and Management Reporting). It also offers new extended CPM processes such as Credit Reporting & Analysis, ICT performance management and Governance risk compliance. Tagetik CPM can be easily configured and adapted for companies in any line of business, without the need for writing new code, Tagetik CPM ensures drastic reduction in Total Cost of Ownership and maximize efficiency for organizations.
About Tagetik
Tagetik is a global provider of the new generation of Corporate Performance Management (CPM) solutions. Tagetik CPM is an innovative single CPM solution that leverages cross platform technology and delivers unified and faster process cycles, powerful scalability, short implementation time and lower TCO. With over 10 years of experience, Tagetik has embedded the knowledge and best practices of its customers into Tagetik CPM.
Tagetik CPM is the first software solution with built-in, flexible and unified financial, operational CPM and application processes such as budgeting, planning & forecasting, profitability modeling and optimization, dashboard and scorecard applications, financial consolidation, statutory and management reporting, extended CPM processes such as credit reporting and analysis, ICT performance management, governance risk compliance, and vertical CPM processes such as regulatory accounting, cash flow management by project and mandatory reporting. Tagetik has over 300 customers including Unicredit, Telecom Italia, Banco Privado Portugues, Aries Complex, Talanx Ag, Bank Austria Market Investiment Banking, Bank Pekao, Manuli Rubber Industries, SSL Healthcare, Mediaset, Barilla, De Agostini, Fininvest, BNL, Eni Snamprogetti, IFI-Ifil, Banca Popolare di Milano, Impregilo, Astaldi, ERG, Acea, Brembo, Milan AC, Techint, Illy, Il Sole 24 Ore, Yamaha Motor Italia, Menarini.
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