Tagetik unified corporate performance management software solution for the INSURANCE industry
Strategic Planning & Forecasting
Simplify the strategic planning and annual budgeting process with a single source of financials using Tagetik's unified budgeting, planning, forecasting and modeling solution. Align business plans with operational budgets, eliminate manual data entry and effortlessly generate periodic and rolling forecasts.
Assessing policy premiums? Calculating risk-adjusted margin? Model what-if scenarios and conduct variance analysis to optimize pricing and profitability while unifying strategic, corporate and operational processes. Now, create business models based on real-time data across your enterprise so you can identify risks and prepare for them.
Cash Flow Planning & Forecasting
Tagetik automates the cash in/cash out impact of each budget line item so when market dynamics shift or a natural disaster strikes - cash flow plans and forecasts update instantly. Using double entry logic, decision makers can analyze the net business impact as soon as changes happen.
Cost Allocation & Profitability Analysis
Allocate direct and indirect costs to any level of detail, including policy, location or sales associate to more accurately analyze profitability by product, segment, region and more. Using Tagetik’s allocation engine for expenses and activities, planners gain insights into lines that impact profitability and margin.
Get insights into how workforce changes, turnover, overtime, contract and detailed employee-level variables (salary, sick leave, bonus, benefits, new hires, transfers, etc.) affect the strategic plan, P&L, cash position and operational productivity. With Tagetik, finance, HR and operations are aligned.
Cut days off the monthly close cycle and accelerate management and external reporting with a single solution. Confidently manage and control journals, adjustments, intercompany eliminations and reconciliation, then seamlessly produce disclosure reports that provide drill-down to the underlying data.
Regulatory Reporting & Compliance
Automate regulatory reporting – from SEC filings, multi-GAAP (IAS, IFRS, US GAAP), Solvency II, others – and spend less time preparing reports and more time analyzing the information. Tagetik quickly complies with updates so you are futureproofed for both revised and new regulatory mandates.
Unified Corporate Performance Management
Automate and modernize key financial management processes using a single, enterprise software solution. Tagetik is the only solution that is purpose-built for Finance, optimized for non-financial users and available on the Cloud, on-premise and your mobile device.
Tagetik Software is trusted by leading companies in the INSURANCE industry
IFRS Consolidation, MVBS, BPF, IVASS, Solvency II, Technical Provision
Jeff Nataupsky - Vice President of Financial Reporting & Controls
“Tagetik allows us to continuously monitor data with built-in checks, and reduced the amount of manual entry to about 5 to 10%. Tagetik helped create a scheduling function that actually will allow us to run jobs overnight. When the team arrives in the morning, financial statements will be updated and ready for management to review.”
Emile Kaal - Finance Director
“With Tagetik’s solution in place, TVM is proud to be the first European insurance company with an integrated and standardized statutory and Solvency II-compliant reporting processes.”
On Demand Webinar
FROM DATA TO DISCOVERY: DYNAMIC REPORTING & AUTOMATION AT JOHN HANCOCK/MANULIFE
Hear first-hand from Jeff Nataupsky, VP of financial reporting and controls for John Hancock, how the organization was able to create one source of truth for reporting and disclosure while (1) significantly reducing manual processes (2) streamlining data collection and (3) standardizing reporting processes.
Browse our Resources
How to turn Solvency II compliance into a business improvement initiative
by Sofia Consulting
Solvency II – it’s only disclosure management, so why all the fuss?
Blog post by Alice Allegrini - Head of Sales & Marketing, Tagetik UK
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