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Total Cost of Ownership (TCO)
Total Cost of Ownership (TCO) is an approach to calculate all of the costs incurred over the life cycle of IT equipment, including purchase, installation, maintenance and retirement.
Total Cost of Ownership (TCO) is an approach developed by Gartner in 1987 to calculate all of the costs incurred over the life cycle of IT equipment, including purchase, installation, maintenance and retirement.
Tagetik 3.0 ensures low TCO: By unifying all Performance Management and Financial Governance
processes in a single technology platform, Tagetik customers can reduce
the cost of ownership for these applications by up to 50%.
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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).