21 July 2015
STAMFORD, Conn. and LUCCA, Italy.
Latest Tagetik Release Enables CFOs to Engage More Business Decision-Makers and Maintain Tight Control over Financial Information
Collaborative PowerPoint, easy-to-use dashboards and self-service visualization highlight new capabilities to Tagetik’s Financial Performance Platform
Tagetik, a visionary leader in global performance management software solutions, today announced enhancements to its corporate performance management (CPM) solution that allow CFOs to extend the reach of financial information across the enterprise with more confidence and less risk.
A recent Gartner report* showed that surveyed users of CPM solutions rated functional capabilities, ease of use, and reporting capabilities as the most important selection criteria for CPM solutions. Tagetik’s latest release targets these important criteria with new capabilities that make consumption and analysis of financial information simple for business users while maintaining control, visibility and auditability.
With this release Finance can now produce dynamically linked board books, budget books and management reports in Word and PowerPoint from one trusted, vetted, and controlled source of information in the cloud. Finance and non-finance contributors, like investor relations and corporate communications, can collaborate in the same native Word and PowerPoint documents that are dynamically linked to a single source of trusted financial information.
Numbers and narratives are updated once and reflected automatically in all impacted internal and external reports shaving days off the disclosure and reporting process and virtually eliminating the risk of inconsistency. This gives the CFO the confidence and peace of mind to loosen the reigns on critical financial information and get everyone focused on the future faster.
The standard user experience now includes dashboarding and pivoting from any report making analysis simple for infrequent users. For more advanced analysis, Tagetik Analytics now includes self-service visualization powered by Qlik. The end-result is an intuitive environment where Finance and the rest of the business collaborate on the future rather than debating the past. And they can do it all in the cloud.
“Quarter and Year-end have always been a challenge for the CFO, the finance team, and investor relations that need to communicate the results in multiple forms to multiple stakeholders, both internal and external, with speed and accuracy,” said Marco Pierallini, co-CEO, Tagetik. “Our latest product release is designed to shorten Finance processes, increase confidence and accountability, and stimulate collaboration between the Office of the CFO and the rest of the business.”
“In today’s business environment the CFO has to be completely confident in the numbers reported to the CEO, the board, and outside investors; and also must be an active champion of the business strategy. Tagetik enables CFOs to fill both of these roles with confidence,” said Co-CEO Manuel Vellutini. “Our latest product release is further evidence that at Tagetik – We get Finance. You get Results.”
* Gartner, Survey Analysis: References Rate Their CPM Vendors in Gartner's User Survey by Christopher Iervolino, John E. Van Decker. 17 June 2015
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