A basic internal control that prevents or detects errors and irregularities by assigning to separate individuals responsibility for initiating and recording transactions and custody of assets to separate individuals. Critically organizations need to prove to auditors – internal or external - that they have the appropriate controls in place to reduce the possibility of fraud and to protect an organizations most critical asset – it’s information.
In order to deliver good governance and meet regulatory requirements segregation of duties and the enforcement of controls on the individuals in an organization and being able to report on ‘who has access to what’ systems and their privileges easily at audit time.
Controls that span not only in ERP solutions which track the responsibilities of access to trails but also are placed in other applications ( ex. Consolidation for the last mile of finance).

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Tagetik is a global software vendor of the first unified Performance Management & Financial Governance solution to help CFOs and CIOs simplify complex business processes.

A complete financial closed-loop software, Tagetik 3.0 unifies key processes and applications – such as budgeting, planning & forecasting, financial consolidation, financial governance, strategy management, profitability modeling, working capital analysis – to manage and control overall performance, support compliance initiatives, harmonize different views of critical financial data, enable maximum visibility down to business transactions. In this way, the CFO can support the CEO in monitoring the implementation of strategies, ensure their sustainability and control corporate performance.

Since the software leverages “built-in” processes and cross-platform technology – fully web-based and integrated with any ERP, our customers can profit by up to 50% reduction of the total cost of ownership (TCO).