Tagetik Welcomes 300 people to 2008 User Conference in Lucca, Italy

Tagetik, a global provider of Corporate Performance Management (CPM) software solutions, today welcomed 300 people to its 2008 User Conference in the Tuscan city of Lucca, Italy. This event provides current and future Tagetik users the opportunity to meet the company’s senior-level management, experience the capabilities and innovation of Tagetik CPM first hand, as well as discuss market and business trends with experts from Gartner, BARC, Ernst & Young and Accenture - IGEM.

"Beyond mere software solutions, Tagetik offers its customers a unique experience that unites Products, People and Performance with the passion and profound culture of CPM," comments Manuel Vellutini, Chief Operating Officer at Tagetik. "We are very pleased that so many customers and experts from around the world have joined us here today. The strong attendance and participation confirms that our customers value our overall approach and direction."

First-day highlights include a key note speech titled "Corporate Performance Management: Extending Beyond Finance To Deliver On Strategy" by Nigel Rayner, Research Vice President of Gartner. Massimo Delli Paoli, Mario Rosato and Andrea Paliani, partners at Ernst & Young, will also discuss the changing role of CFOs and their relationship with IT in today’s world of regulatory compliance. Closing the day’s business program, Carlo Saporiti, Senior Executive at Accenture - IGEM Enterprise Performance Management, will investigate the alignment of Performance Management with Financial Governance prior to opening a panel discussion on the topic.

During the evening program, Tagetik will celebrate the 150 anniversary of the birth of Puccini, Lucca’s master composer, with a concert of soprano and tenor arias from Tosca, Turandot, La Boheme, Manon Lescaut and Madame Butterfly.

On the second day, Carsten Bange from Business Application Research Center (BARC) will preview the results of its upcoming study " Planning and budgeting in Europe – Status quo and opportunities for performance management in large and medium sized corporation". The second day will also feature several customer case studies including Unicredit, the world’s third largest banking group as well as EniServizi, Menarini, Fila Group, Banco Privado Portuguès, AGSM Verona and Rimini Gas Company.

"Tagetik’s annual user conferences are always a time for us to review the year’s progress," reflects Pierluigi Pierallini, President and Founder of Tagetik. "We are already very pleased with our development and results in 2008. Since last year, we have increased revenues by 23%. We have opened new offices in UK and Portugal, and we will be expanding heavily in the U.S. market, where we are pleased to welcome Mark Corsetti as the Vice President & General Manager of Tagetik North America. And last but not least, we have also been named to Gartner’s Magic Quadrant for CPM.”

“Looking ahead in the years to come, we are hoping to build upon our strengths in the banking sector, where seven of the ten leading financial groups use Tagetik CPM, and emerge as a strong, competitive global player for Corporate Performance Management (CPM) and Financial Governance (FG) solutions,” summarizes Pierallini.

Tagetik is a global provider of the new generation of Corporate Performance Management (CPM) and Financial Governance (FG) solutions. The extensive experience in the Corporate Performance Management market has enabled Tagetik to offer a software solution that helps companies automate processes, obtain the necessary transparency and data accuracy for compliance, improve governance, reduce costs as well as meet industry-specific requirements.

Tagetik CPM is an innovative single solution that leverages cross platform technology and delivers unified and faster process cycles, powerful scalability, short implementation time and lower total cost of ownership (TCO) thanks to its out-of-the-box CPM Processes. Tagetik CPM is the first completely financial closed-loop, double entry solution, that unifies in a single product all core CPM processes (budgeting, planning & forecasting, profitability modeling & optimization, dashboard & scorecarding, financial consolidation, statutory & management reporting), extended CPM processes (such as credit reporting & analysis, ICT performance management, compliance), vertical CPM processes (such as regulatory accounting, cash flow management by project and regulatory reporting) and Financial Governance processes.
Tagetik CPM incorporates the knowledge and best practices gained in over a decade of real-world projects. Tagetik has over 300 customers representing all industries including Financial Services (Unicredit), Manufacturing (Barilla), Insurances (Talanx), Fashion (Gucci), Healthcare (SSL Healthcare), Automotive (Yamaha).