Dyckerhoff AG selects Tagetik 3.0 for Consolidation and Planning
Lucca (Italy) 29 October 2009
Tagetik, a global provider of Performance Management and Financial Governance software solutions, today announced that Dyckerhoff AG will implement Tagetik 3.0 for consolidation and planning. Tagetik 3.0 Business Simplexity consistently consolidates financial, budget and forecast data across multiple currencies and organizational levels for faster, more accurate financial and management reporting. The new solution will help users work more effectively and accelerate the closing process.
More than 80 users in Germany and Dyckerhoff’s international subsidiaries will use the state-of-the art, three-tier application. The system replaces a previous SAP EC-CS installation for consolidation and an Excel-based system for planning.
“The flexibility, functionality and user-friendliness of Tagetik 3.0 as well as the easy integration into our existing systems quickly convinced us,” explained Dr. Stefan Fink, CFO at Dyckerhoff AG. “Plus, the project teams at pmOne and Evimcon really stood out for competence and professionalism.”
“Many companies are reevaluating their Performance Management solutions due to the new requirements of IFRS or the need for accelerated planning and reporting processes.”, added Stefan Sexl who is responsible for marketing Tagetik in Central Europe. “We are delighted to add another large company like Dyckerhoff to our impressive list of references since we introduced Tagetik 3.0 on the German market two years ago. We plan on using this solid base to further build our position in the market.”
“We see that more and more companies are striving to unify their global Performance Management and Financial Governance processes while providing local autonomy to comply with national regulations,” concluded Manuel Vellutini, COO at Tagetik. “Dyckerhoff is another example of how the rising need for business ‘simplexity’ is helping us execute our globalization strategy quickly and effectively.”
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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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