12 October 2010
Trader Media selects Tagetik to replace existing Consolidation and Reporting system
Tagetik, a global provider of Performance Management, Enterprise Governance, Risk & Compliance and Business Intelligence software solutions, today announced that Trader Media Group has selected Tagetik 3.0 to simplify the complexity of its consolidation and reporting processes. Trader Media Group, one of Europe’s largest multi-media publishers and the publisher of Auto Trader, will use Tagetik 3.0 to execute a faster month-end close and improve the consolidation of group results to meet both Group management reporting and external reporting requirements.
As one of Europe’s largest specialist multi-media publishers Trader Media Group operates the number one UK marketplace for motorists and is regarded as the place where buyers and sellers come together, offering unrivalled response to customers’ advertisements. Visibility to financial transactions is key to the efficient running of the organisation, as is the management of increasingly complex management and statutory reporting requirements. Trader Media therefore decided to replace its Infor FDC consolidation and reporting system with Tagetik 3.0.
“Rapid digital growth has made us one of the largest publishing groups of our kind and we’re constantly looking at new technologies to help us continue to support the delivery of the best possible service to our customers, which is why we’ve decided to replace our Infor FDC system with Tagetik 3.0,” explained Stephen Lane, Group Financial Controller, Trader Media Group. “Tagetik will give us a greater degree of automation which will significantly free up staff time for other tasks, automate processes we were struggling to manage efficientlywith FDC, and provide us with greater transparency. Furthermore, Tagetik’s unified approach to other financial processes such as Planning & Forecasting was an important factor making it easier to expand our use of Tagetik into other areas.”“Tagetik 3.0 provides the perfect solution for Trader Media to work more effectively without completely re-engineering processes and provides a solution that will scale as the company continues to grow, and removes the unnecessary need for highly manual processing. Tagetik 3.0 provides the perfect platform for implementing a functionally rich Performance Management application,” explains Shak Akhtar, Managing Director, Tagetik UK and Ireland.“We are delighted to welcome Trader Media to our growing list of global customers, this shows that Tagetik 3.0 is right on track with exactly what the market needs,” comments Manuel Vellutini, Chief Operating Officer at Tagetik. “Companies today need to continually review existing technologies to ensure they have a solid platform for growth and I’m delighted that Trader Media has selected Tagetik 3.0 as a replacement for its old platform.”
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