Disclosure of Results
From balance sheets to cash flows to the P&L, annual reports require full disclosure of the year’s historical, performance and financial metrics. With Tagetik, data is collected and consolidated in a central repository for a single, up-to-date version of key financial measures within your financial report.
Annual reports have many textual requirements in very specific formats, like executive statements, narrative descriptions and risk disclosures. For consistency between the numbers and narrative, Tagetik automatically updates text and data and gives you the ability to compare versions, so you can see what was changed, when and by whom.
Annual report components may be created in Excel, Word, even PowerPoint. No problem- Tagetik’s interface is based on Microsoft Office so not only will you create reports in a familiar environment, you can also link information across formats so a revision in one place is automatically updated in the other.
Annual reports key capabilities
Financial & Narrative Reporting
Not only does Tagetik manage your financial data, it also automatically updates information in reports. When financial data or narrative information changes in Tagetik, all related reports are immediately updated as well, giving you a single version of the truth.
Collaboration & Communication
Whether your output is PDF, PPT, XBRL, XML, HTML or a Microsoft SharePoint template, contributors can comment, make changes, assign sections and share documents. Multiple contributors can work simultaneously on the same Microsoft Office document while tracking changes, adding notes and commentary.
Transparency & Auditability
Tagetik gives you full traceability by providing audit logs and controls that capture changes, updates, revisions and every adjustment - including scaled, rounded values, and balancing adjustments, among others- so you can easily audit and trace information back to the source.
Tagetik offers packaged templates to simplify report creation and production – including automating updates and matching narrative to numbers.
Tagetik's Annual Reports Software is trusted by leading companies across all industries
Jeff Nataupsky - Vice President, Financial Reporting & Controls
“We wanted to quickly take advantage of using all Tagetik CDM functionality that we could. Within six months, we had trained staff, created all requirements and started generating financial statements.”
Gabriele Colombo - Luisa Daronco
“Thanks to Tagetik, we have reduced the time we need to collect budget data by 70% and have completely eliminated the need for manual data processing. The solution was implemented by a team of consultants in just a month and has well exceeded our expectations regarding time and costs.”
Valentina D’Addario - Director of Group Reporting and Financial Controlling
“Thanks to Tagetik, we can monitor the activities of each controller within a structured workflow and invest the time that we have saved in checking data and editing the document’s appearance to analyze and comment the numbers in more detail.”
On Demand Webinar
Moving the Clock Forward: How Timex Advanced the Financial Consolidation and Reporting Process to Match its Continually Changing Needs
In this webinar Shelly Krpata, Timex’s Senior Manager of Financial Reporting and Consolidation, and Maria Longo, Solutions Specialist at Tagetik, take you through the journey Timex took, the challenges they faced, and how they benefited by switching to a scalable solution that transformed their close and reporting process.
browse our resources
Only 10% of companies are prepared for non-financial reporting directives. Are you?
Blog post by Gary Simon - CEO, FSN
Consolidation, Reporting, IFRS & FinRep Compliance, Segment Reports, Risk Information, Basel III
3 CHANGES TO YOUR INTERNAL & EXTERNAL REPORTING TO HELP RECLAIM YOUR WEEKENDS!
This eBook takes you through 3 changes you can make to improve your internal and external reporting - and your life!
Royal Haskoning DHV
Management reporting, Consolidation, Budgeting, Cash Flow & Annual reporting
Tagetik automates the development of annual 10K and quarterly 10Q reports, as well as other mandated filings and unifies their development as part in the Performance Management process.
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