Top performance in energy sector

Acea Roma, Amga Genova, ASM Brescia and Enia Modena have selected Tagetik CPM

Acea Roma, Amga Genova, ASM Brescia and Enia Modena have selected the Tagetik CPM solution to operate their management control systems. Tagetik, which already numbers utilities such as AEM Torino, AEM Milano, Energia and Acegas Trieste among its customers, has thus positioned itself as the leader in this sector.

The fast pace of market change, mergers and acquisitions, competition for customers and the differentiation of services have generated an urgent need for utility companies to implement control systems for top management, consolidate their activities and, above all, monitor key performance indicators in multi-business management control environment.

To accomplish this task, Acea Roma, Amga Genova, ASM Brescia and Enia Modena have selected Tagetik as their partner for the development of projects at the top management level, the most strategic corporate performance management area.

Thanks to these business relationships, 2005 was a year of growth for Tagetik. Turnover rose to €11 million, up 30% with respect to 2004, new offices were opened in Milan and 30 new staff joined the organization .

“We entered the energy sector two years ago,” declared Pierluigi Pierallini, Chairman of Tagetik, “when we became the only company in Italy to offer a specialist solution facilitating compliance with the legislation on unbundling, which requires utility companies to separate the accounts of their various businesses. Within an increasingly complex business environment, Tagetik CPM was selected because it gives top management a single application that combines specialist functionalities supporting, for example, unbundling compliance with more typical management functionalities such as planning and reporting, generating scorecards offering a full complement of key performance indicators.”

Specifically:

• Acea Roma: a Corporate Performance Management project to improve management control, budgeting, financial planning, and statutory and management consolidation.
• Amga Genova: project for the collection of P&L budgets and preparation of balance-sheet and cash-flow forecasts.
• ASM Brescia: project for budgeting and reporting.
• Enia Modena: project for management consolidation, reporting and regulatory unbundling.

Tagetik CPM is a comprehensive solution for all finance needs (financial statements, cash flow, KPIs, etc.) that can also integrate operational information (business KPIs, sales analysis etc.). The system generates budgets, final outturns, consolidated statements and reports as well as complete KPI scorecards.

The system functionalities enable users to analyze data by company or business unit and then generate consolidated information, etc., giving the CFO a single planning and analysis tool to support decision-making by top management.

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.