Forecasting is part of the process of updating the budget, which may occur one or more times a year. Typically an annual target value is set, which is valued on several months considering the first month of Actual figures and market dynamics.

Forecasting represents a move away from the annual sequential budgeting and planning cycles with forecasting becoming the focus of business reviews, introducing a forward strategic plan orientated slant to executive debate. As such, forecasting tends to take place at a higher level in the organisation structure, with an analytical rather than data collection approach.

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Tagetik delivers a unified software solution that can support Performance Management and Enterprise Governance, Risk & Compliance, Business Intelligence, Collaborative Disclosure Management.

Tagetik 4.0 creates value by simplifying complex business processes for CFOs and CIOs: budgeting, cash flow planning, statutory and management consolidation, cost allocation & profitability analysis, financial close & fast closing, dashboard & scorecarding, collaborative disclosure management, business intelligence and compliance/industry requirements.

Tagetik 4.0 is the solution to translate strategy into operations, manage and control overall performance down to business transactions and improve decision-making across the whole organization while achieving faster ROI and lower total cost of ownership (TCO).

Tagetik operates in 18 countries leveraging a close partnership with Microsoft. Its market experts are totally committed to the success of 400 worldwide customers, including some of the largest Fortune 1000 companies and representing all industries, as well as to foster partnership with system integrators, technology leaders and local consulting specialists.