Tagetik strengthens its presence in the finance industry

Banca Italease, Banca Leonardo, Banca Mediolanum, Banca Sella, Bank Austria Creditanstalt, BNL, BPM, BPU, BPVN, Capitalia, Carige, Credem, Mediobanca, Pekao Bank SA and UniCredit have already adopted Tagetik

More and more Banking Institutions turn to Tagetik, an international provider of the next generation of Corporate Performance Management (CPM) solutions, to manage in a single solution financial processes, such as statutory and management reporting, and local and international compliance requirements.

As confirmation of industry’s interest, Tagetik organized a CPM Focus Group dedicated to the financial industry in collaboration with its customer Banca Popolare Italiana and hosted at its headquarters. This forum aims to foster direct dialogue between leading operators, academics and Tagetik to shed light on the experiences and requirements of companies in this sector.

Tagetik’s innovative Corporate Performance Management solution is used by Banca Popolare Italiana to manage in a single solution statutory and management reporting, to unify and coordinate Group governance, to deliver consistency between strategic objectives and action plans, to comply with the new IAS standard and to improve internal and market communication. All these benefits while reducing data collection and processing times, improving the quality of the information, automating key processes and reducing technical and IT maintenance costs (TCO).

“The finance industry has been evolving in different areas due to an increasingly competitive market”, said Giuseppe Apicella Guerra, of Banca Popolare Italiana. “The Corporate Performance Management solution implemented by Tagetik is providing invaluable support and benefits in optimizing the governance of the bank, in integrating and certifying our data and in transforming it into essential information for our decision-making process.”

“Our close partnership with customers in this sector also confirms just how important it is for banks to unify processes”, added Sabrina Rosati Executive Vice President, Professional Services of Tagetik. “A single solution that allows to manage any type of application process (statutory, management, actual or budget, individual or consolidated) clearly offers added value since it facilitates all data reconciliation processes.”

“We have brought a solution that speaks a universal language into an industry sector characterized by a hyper-specialized language”, said Manuel Vellutini, Chief Operating Officer of Tagetik. “It is an extremely pragmatic approach based on more than 10 years of experience working alongside CFOs and CIOs. Thanks to this approach, Tagetik today is the leading provider of CPM solutions for the Italian banking industry”.

Tagetik has developed a unique, innovative product that leverages cross platform technology. This paves the way for faster process cycles, powerful scalability, short implementation time, and lower TCO. The Tagetik CPM solution combines all Corporate Performance Management (CPM) applications and processes into a single product. It meets companies’ needs with flexibility and speed, regardless of company size or business sector. This approach to CPM problems can cut overall procurement, installation, training and management costs (Total Cost of Ownership - TCO, as defined by Gartner) by over 50% compared with other solutions.

About Tagetik

Tagetik is an international provider of the next 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 250 customers including Unicredit, Telecom Italia, Bank Pekao, Manuli Rubber Industries, SSL Healthcare, Mediaset, De Agostini, Fininvest, Mediobanca, BNL, Eni Snamprogetti, IFI-Ifil, Marzotto, Banca Popolare di Milano, Impregilo, Astaldi, ERG, Acea, Brembo, Milan, Techint, Illy, Il Sole 24 Ore, Yamaha Motor Italia,  Barilla.