In order to meet the mounting requirements of a growing, public financial service organization, Erste Group chose Tagetik as its new finance software. With Tagetik, we can fulfill IFRS and FinRep requirements in a single application while establishing a flexible framework for various tasks
throughout the group. The easy-to-use solution optimally guides users through
the processes of group consolidation, management reporting and statutory
reporting. Since it can now quickly respond to new external requirements and internal ad hoc inquiries, we feel well equipped for the future.
Barbara Kainz - Director Group Consolidation
How do you factor risk into your corporate performance management process?
Corporate governance. Risk management. Regulatory compliance. They’ve never
been more crucial to business success than they are today. Yet organizations still
struggle with controlling these critical functionsin their Corporate Performance
Management processes. Financial Governance capabilities can help. A unified approach to
Corporate Performance Management (CPM) and Financial Governance
delivers a collaborative and controlled environment that lets you gather, organize,
document and automate your control processes and risk management. Financial Governance helps you simplify and manage all activities related
to financial governance, risk and compliance, so you can:
- Monitor and control internal auditing and risk management processes
- Gain full traceability of data and transactions from start to finish, including who
did what, when, where and why
- Comply with regulations and produce multiple regulatory reports from a single
source of validated data
- Manage operational risks that impact financial performance
- Set controls, thresholds, validation, and sign-offs
- Run simulations and calculate the impact of possible actions on forecasts
Financial Governance software is built to work the way your business works,
so you benefit from a tool that’s configurable to your methodology or organizational
model without complex coding or scripting. As a result, you can quickly adapt the
application to changing requirements for Financial Governance processes without IT
risk and compliance into multiple financial processes efficiently and consistently, while
dramatically reducing total cost of ownership (TCO) across all of these processes.
Tagetik 4 Financial Governance covers compliance requirements for:
With Tagetik 4 you address any one or many of these challenges in a single unified
solution for Corporate Performance Management and Financial Governance.