ATP International selects Tagetik 3.0 to automate Financial Consolidation and Management Reporting enterprise-wide

Tagetik, a global provider of Performance Management (PM) and Financial Governance (FG) software solutions, today announced that ATP International Group has selected Tagetik 3.0. The company, which is a leading global player in the travel management industry, will use the software to unify financial consolidation and management reporting across its international operations.

“We selected Tagetik after a detailed evaluation of all market-leading solutions,” explains Ian Sinderson, Finance Director at ATP. “We were convinced by Tagetik’s unified approach to budgeting and forecasting as well as its unparalleled functionality in consolidation and long-term cash flow planning. These are all very important factors for ATP as our rapid multinational expansion has created multiple operations and complex multi-currency needs. In addition, we were highly impressed with Tagetik’s deep knowledge of the subject matter and strong commitment to its customers.”

ATP International Group recently announced the purchase of Instone International, increasing its international presence to 19 countries. In order to simplify the complexity involved in its consolidation and reporting processes, the company decided to implement an enterprise solution for Performance Management and Financial Governance. The travel expert wanted the software to consolidate actual, budget and forecast data in multiple currencies from various organizational levels for reporting, financial control and a faster, more accurate financial close. Moreover, the solution had to ensure consistency across statutory and management reporting as well as automate the closing process on entity, division and group levels.

“We are very pleased to welcome ATP International Group to our growing list of customers,” explains Shak Akhtar, Managing Director at Tagetik UK & Ireland. “Tagetik 3.0 is ideal for multinational enterprises because it truly unifies reporting, planning and other related processes in multi-company, multicurrency environments. This drastically simplifies complexity and reduces the Total Cost of Ownership (TCO) by as much as 50%.”
“During their highly in-depth software selection process, ATP also asked their auditors to review Tagetik 3.0,” adds Manuel Vellutini, Chief Operating Officer at Tagetik. “Not only did they verify that the data traceability and security is adequate, they also found that our software sets the highest standards on the market! This shows that companies should look beyond the big brands during their selection processes and carefully evaluate the true capabilities of both the software and vendor. We are convinced that they will quickly realise the value of Tagetik 3.0’s unified platform and sophisticated built-in functionalities – especially in financial and cash planning.”

About ATP

ATP International Group is one of the fastest growing brands in the business travel world. Following the successful acquisition of Instone International in July 2009 the company has a presence in 19 countries and worldwide revenues in excess of €750 million. The company has successful operations in business travel, corporate event management and online travel technology, building specific industry relevant solutions for vertical sectors. Key sectors served range from the Oil and Gas Industry through to Government travel, sports event management and global crew travel solutions.
The company underwent a Management Buyout (MBO) in 2006 and was refinanced in 2008 by the management team and Barclays Private Equity (BPE). For further information contact www.atpi.com

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, BNL, Altair Engineering, Houghton Mifflin Harcourt, Artemide, Banco Privado Portugues, Talanx AG, Nationale Suisse, Krauss Maffei, Menarini Group, Volex Group, M+W Zander, IFIL, Aries Complex, Astaldi, Acea, SDA Express Courier, Yamaha Motor Italia, Techint, Milan AC, RAI, Costa Crociere.