In light of the globalization of financial markets, the European Union approved a new set of international financial reporting standards (IFRS/IAS) in 2005 to make financial statements for all public companies throughout Europe more comparable and transparent.
These new regulations have had a strong impact on the processes of consolidation, financial planning and reporting.

To fulfill these requirements, Tagetik CPM delivers:

• Support IFRS / IAS as well as the national accounting standards

• Publish financial statements in line with both international (IAS / IFRS) and national accounting standards

• Ensure an effective conversion to IAS / IFRS standards

• Manage differences and unbalanced information between IAS / IFRS and national accounting principles

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