Brembo and Tagetik

10 years of IT for corporate performance

Tagetik has become sole partner of Brembo for all Corporate Performance Management issues thanks to its specialist capacities in the area of finance/management control and to the compatibility of its technology solutions, which can leverage existing IT infrastructures and basic ERP systems for management analysis tasks

CPM or IT Intelligence? - The relationship of almost ten years between Brembo, a leading Italian producer of disk braking systems and Tagetik, an Italian company specializing in solutions for corporate accounting and administration, finance and management control, demonstrates that a company does not have to choose CPM and IT intelligence: it can have both at once.

Today, Tagetik is an important partner for Brembo for all Corporate Performance Management issues, whether managerial or analytical (business management control) in nature. Tagetik is Brembo’s project partner for many of its IT solutions for the management and control of business performance.

Key strengths in the development of this relationship have been Tagetik’s specific skills in the finance area and its technological excellence. It ensures that the technology of its solutions is fully compatible with whatever ERP system its customers use.

Paolo Crovetti, IT Manager of Brembo, says that “Choosing Tagetik has enabled us to capitalize on existing IT infrastructure, standardizing them so management can easily access the information it needs to run the business without encountering any difficulties relating to retrieval or dialogue between systems.”

Brembo currently uses all the Tagetik CPM processes to meet the needs of its administration, finance and control area with regard to management and statutory consolidation, budgeting, and P&L, cash flow and balance sheet planning, and reporting. It also relies on Tagetik for many of its business performance control needs.

Tagetik became a partner of Brembo for a monthly closing and reporting project for the individual companies. The partnership was extended first to management and then statutory consolidation, followed by further extension to projects for P&L, cash flow and balance sheet planning.

The most recent development has been the resolution of specific management control issues through data warehousing projects involving, for example, the determination of budget costs and the control of product costs.

According to Manuel Vellutini, partner and Executive Vice President of Tagetik, “Our close cooperation with Brembo attests to both the specific logical-functional and technological skills that Tagetik has developed in recent years, and confirms Tagetik’s drive to become a global supplier of management and analytical CPM solutions, and, consequently, to become a project partner with its customers.”

About Brembo

Brembo is a world leader and acknowledged innovator in disk brake technology for vehicles. It supplies high-performance braking systems to the world’s top international manufacturers of cars, commercial vehicles and motorcycles. Brembo also is undisputed leader in competitive racing, playing a role in more than 200 world championships to date. Brembo closed 2004 with turnover of €678 million, up 7% on the previous year. Net income for the year was €34 million, a 17% improvement on 2003. The Brembo Group has 3,900 employees, 15 manufacturing facilities and operations in 12 counties, including Spain, Poland, the UK, Mexico, Brazil and Japan. In China Brembo is a partner in a joint venture that manufactures and sells braking systems.

About Tagetik

Tagetik is the first Italian company to become an international player in the Corporate Performance Management (CPM) market. More than 10 years of experience in the CPM market working closely with CFOs have enabled Tagetik to offer an innovative single CPM solution that leverages cross platform technology and delivers faster process cycles, powerful scalability, short implementation time and lower TCO.

Tagetik CPM is the first software solution with built-in, yet flexible, unified financial, operational CPM and application processes such as budgeting & forecasting, financial planning, statutory consolidation, management reporting, profitability analysis and ABC modelling.

With more than 250 customers and 200 employees, Tagetik shares its commitment to success with worldwide customers who provide valuable feedback, a network of reliable partners that strengthen the delivery and a dedicated team of young qualified industry experts.

Tagetik’s major clients include: Unicredit, Telecom, Mediaset, Barilla, De Agostini, Fininvest, Mediobanca, BNL, Snamprogetti, IFI-Ifil, CIR, Marzotto, Valentino, Banca Popolare di Milano, Impregilo, Astaldi, ERG, Gruppo Lombardini, COOP Adriatica, COOP consorzio Nord Ovest, AEM Torino, Acea, Brembo, Cremonini, Il Sole 24ORE, Yamaha, Techint, Milan, Menarini.