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FOR IMMEDIATE RELEASE
Tagetik CPM named among the top solutions for planning and consolidation processes according to BARC
Europe's leading BI research institute ranks Tagetik CPM among the top five Corporate Performance Management solutions
Lucca, Italy 2007-11-12
The Business Application Research Center (BARC), a top European institute for market research, cited Tagetik CPM’s excellence in the planning and the consolidation processes. This year Tagetik was included in the Business Intelligence Guide 2007/08, a publication that focuses on helping companies find an appropriate solution for their specific needs. The Business Intelligence Guide 2007/08 contains a presentation of 117 Business Intelligence and Corporate Performance Management products, analyzed as to the effectiveness and function of the basic applications, such as planning, consolidation and general reporting. In the report, Tagetik CPM is included among the five software vendors judged “excellent” as to both their planning and consolidation processes.
“We are especially proud of this recognition which comes less than a year after the opening of our operations in German-speaking countries, and at a time of great upheaval in the CPM market,” commented Manuel Vellutini, Chief Operating Officer of Tagetik. “Out of the 117 products listed, 19 were judged excellent in Consolidation and 43 in Planning, but only 5 were deemed excellent in both processes. BARC’s analysis is the best evidence that innovation driven by a truly unified CPM system, and by a vendor that focuses only in this sector, provides real value to the final customer.”
“Planning and Consolidation are just two of the components of a unified CPM solution”, added Hannes Wambach, Senior vice president operation of Tagetik Germany. “To be recognized as one of the few vendors capable of offering excellent products once again confirms that Tagetik CPM, although a new company in Germany, is making a name for itself alongside its largest competitors, some of which are native to the German market, one of the most competitive in the world. The reason lies in the fact the we do not need to integrate different products but rather that we offer the first, and only, software solution that combines CPM applications and processes in one product.”
BARC analyzed only some of the processes that a Corporate Performance Management solution should manage. “We should not forget that Tagetik CPM unifies in one single product other application processes such as Budgeting, planning & forecasting, Profitability Modeling & Optimization, Dashboard and Scorecard applications,; Financial, Statutory and management reporting, that have been implemented by more than 300 worldwide satisfied customers”, concluded Vellutini.
About Tagetik
Tagetik is a global provider of the new generation of Corporate Performance Management (CPM) solutions. Tagetik CPM is an innovative single CPM solution that leverages cross platform technology and delivers unified and faster process cycles, powerful scalability, short implementation time and lower TCO.
With over 10 years of experience, Tagetik has embedded the knowledge and best practices of its customers into Tagetik CPM.
Tagetik CPM is the first software solution with built-in, flexible and unified financial, operational CPM and application processes such as budgeting, financial planning, consolidation, financial and operational reporting and analysis. Tagetik has over 300 customers including Unicredit, Telecom Italia, Bank Pekao, Manuli Rubber Industries, SSL Healthcare, Mediaset, Barilla, De Agostini, Fininvest, BNL, Eni Snamprogetti, IFI-Ifil, Banca Popolare di Milano, Impregilo, Astaldi, ERG, Acea, Brembo, Milan AC, Techint, Illy, Il Sole 24 Ore, Yamaha Motor Italia, Menarini.
