The Consolidated Management Statements set out the financial situation and performance of a group of companies viewed as a single enterprise.
The consolidated management statements, unlike the statutory consolidated financial statements, has two main purposes:

• Responding to regulatory demands, analyzing not only Financial Statements but also management reports. Therefore it is necessary to provide of extra-accounting information (such as quantitative information on sales, production, purchases or KPI’s) and financial information with management report in order to develop a cash flow of the business dimensions(ex. products, sales channels, operating divisions or other).

• Analyze frequently the data (monthly or quarterly) in advance with respect to the close of Financial Statements. For this reason it is necessary to consolidate the financial statements effectively and integrate data with manual adjustments.

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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).