CLH selects Tagetik to manage Performance and Simplify the Complexity
Lucca (Italy) 09 November 2009
Tagetik, a global provider of performance management (PM) and financial governance (FG) software solutions, announced that CLH (Compañía Logística de Hidrocarburos) has selected Tagetik 3.0 to help streamline its business processes and to manage performance. The CLH Group is the leading company on the Spanish market for the transportation and storage of oil products and the distribution and service into plane of aviation fuels and lubricants.
The company selected Tagetik after a rigorous competitive process in which it reviewed offerings from major enterprise solution vendors and other PM-focused providers. Tagetik 3.0, the PM and FG software solution, was the winner due to the various benefits it provides for ABC Modeling, Budgeting, Financial Planning and Consolidation. “Tagetik 3.0 will replace the internal Excel development the company was using for budgeting . The main advantage of this solution is the unification of the various stages of the budgeting process and the monitoring in a single tool. Thus we speed up and streamline the analysis of the data and go in depth, while we involve the staff to a greater extent” says Jesús Alba, CFO at CLH.
“From the technical point of view, after the decision taken by the Chief Financial Office considering it the adequate tool to meet their needs, Tagetik 3.0 ensures a rapid deployment thanks to its built-in functionalities. The application of a clear methodology and the joint effort throughout the organization allowed a proper management and a high degree of independence of the end users from the IT Department. Moreover, its open architecture has allowed the deployment in a Unix environment and the connection with information from SAP and other relevant systems.” adds José Valdevira, Deputy Director of Application Management at CLH.
“We are very proud of this new result”, says Mikel Arriaga, Managing Director at Tagetik Spain. “This means that all performance management software is not created equal, and that also the Spanish market appreciates the value of Tagetik 3.0, a software solution created for simplifying complex business processes. Especially in tough financial times, companies need to invest in solutions that support their strategic processes and drive business performance”
“We are delighted to welcome CLH to our growing list of global customers, this shows that Tagetik 3.0 is right on track with what the market needs.” concludes Manuel Vellutini, Chief Operating Officer at Tagetik. “Our success in such a period of absolute scarcity in terms of cash, stems from the fact that it’s necessary to invest on those strategic projects which support the development and allow returns in a short time, to understand which are the variables of interest to bring to the executive committees and to constantly guarantee the consistency of the financial information and support the Financial Governance and just a unified software solution like Tagetik 3.0 can do it simplifying the complexity”.
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About Tagetik
Tagetik is a global software vendor of the first unified Performance Management & Financial Governance solution to help CFOs and CIOs simplify complex business processes.
A complete financial closed-loop software, Tagetik 3.0 unifies key processes and applications – such as budgeting & forecasting, cash flow planning, working capital analysis, financial consolidation, financial governance, strategy management, profitability modeling, financial & statement reporting – to manage and control overall performance, support compliance initiatives, harmonize different views of critical financial data, enable maximum visibility down to business transactions. In this way, the CFO can support the CEO in monitoring the implementation of strategies, ensure their sustainability and control corporate performance.
Since the software leverages “built-in” processes and cross-platform technology – fully web-based and integrated with any ERP, our customers can profit by up to 50% reduction of the total cost of ownership (TCO). Tagetik employs over 300 market experts in 11 countries (Italy, North America, UK, France, Austria, Germany, Portugal, Spain, South East Asia, Switzerland, The Netherlands) and shares its successful strategy with 350 worldwide satisfied customers representing all industries including: Unicredit Group, Telecom Italia, Fininvest, Mediaset, Barilla, De Agostini, Altair Engineering, The Hillman Group, Arrow Génériques, Banco Privado Portugues, Talanx, Nationale Suisse, Krauss Maffei, Volex Group, M+W Zander, Aries Complex, Artemide, Sorgenia, IFIL, Astaldi, Acea, Imetec, Techint, Milan AC, RAI, Costa Crociere.
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