A certain set of budget items requires monthly reconciliation and during the closing cycle. A typical example is that of bank accounts with cash systems. This process is very important when there are budget items that are managed analytically in some subsystems which can be disconnected from the accounting system.
Another problem of reconciliation, beyond the accounts level, is between different data- versions. Simply consider statutory/management reconciliation, which today is increasingly important IAS / IFRS and Segment Reporting.

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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).