Tagetik CPM delivers consistent, multicurrency and multilevel consolidated financial and budget/forecast data for reporting, eliminating integration challenges, improving financial controls for regulatory compliance and enabling faster closing times and support for globalization. Thanks to the unification of processes, Tagetik delivers a solution with a low Total Cost of Ownership (TCO).

To support the Financial Consolidation process Tagetik CPM delivers:

• Group structure: define per each entity to be consolidated, of the consolidation type to adopt (proportional, equity, line by line, etc) per each consolidation scenario
• Interfaces: create automatic interfaces to multiple ERP solutions (SAP, Oracle..) and the rules for processing and loading data down to an appropriate level of detail
• Data collection: gather data through data sheets available via web with browser or Excel interface with the possibility to monitor the approvals workflow for each phase  
• IC reconciliation: define groups of accounts for IC reconciliations with relative causal and thresholds and graphical web dashboard for reconciliation between companies
• Processing: automatic processing of the main entries of consolidation
  (IC eliminations, dividends, participations, equity) with monitoring of  the process
• Accounting principles: support of simultaneous generation of multiple consolidations, such as  U.S.  accounting principles (GAAP) and International Financial Reporting Standards (IAS/IFRS)
• Currency conversion: elaboration of currency conversions in the consolidation currency and   calculation of the exchange rate difference
• Consolidation rules: define different rules of consolidation for the holding and sub-holding levels starting from the same data collection process
• Segment reporting: reporting elaboration according to different aggregation criteria (Business Unit, geographic area,…)
• Controlled environment: powerful controls during the data entry and the consolidation process
• Reporting: supports different types of reporting (statutory, management…) with powerful navigation and drill down capabilities
• Documenting: management of  the reporting book for the automatic generation of narrative documents in Power Point and Word format
• XBRL: Extensible Business Reporting Language for the real-time disclosure of financial data

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