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Balance Sheet Planning



Imagine being able to click a button and instantly update the Balance Sheet with the latest financial results, operating metrics and business drivers. In so doing, this one-click also refreshes rolling forecasts, strategic plans, financial statements and notifies all stakeholders through automated alerts.


It's a great day for Financial Planners because CCH Tagetik automates this ideal state of Balance Sheet Planning.

balance sheet planning key capabilities include

 

REAL-TIME PERFORMANCE INSIGHTS

The right information, at the right time, in the right format. Get real-time updates, alerts and notifications sent through the application, by email, or straight to your tablet or smartphone. With scorecards, dashboards, web reports and ad hoc analytics, CCH Tagetik’s real-time planning gives you the agility to instantly assess business problems and take action. 

 

DETAIL-LEVEL ANALYSIS

The devil's in the details, as the information that drives action. That’s why CCH Tagetik provides planners with easy access to granular-level details and calculations. Quickly drill-down to underlying data to understand the business logic, assess business drivers and make more informed decisions.

 

AUTOMATED CHECKS & BALANCES

Control and validate data by performing consistency checks of all numbers and validating approvals prior to submission. With automated checks and balances, CCH Tagetik enforces financial rules to balance assets,  gauge liabilities and round data to eliminate discrepancies caused by report scaling.

 

BUSINESS & OPERATIONAL MODELING

When you need to know how changing market or operational conditions will affect the balance sheet, CCH Tagetik allows you to easily model business scenarios and operational drivers to understand their impact. So you can easily decipher the optimal business and operational scenario, variiances between model are automatically highlighted and results placed side-by-side for your analysis. At the click of a button, you can also  see the impact on performance reports like the P&L, balance sheet and cash flow.

 

COSTING & ALLOCATIONS

Assess profitability based on a detailed analysis of true costs across the organization. Analyze costs across all departments and pricing positions, from distribution waterfalls to complete multi-step allocations across multiple dimensions. With CCH Tagetik's powerful allocation engine, it's easy to allocate direct, indirect and activity-based costs down to the most granular level. 

 

ROLLING FORECASTS

To assess changing markets and internal operating conditions, model variances and business drivers, then update and re-forecast plans, financial statements, budgets and your balance sheet. Using real-time actuals, historical information, planning and budgeting data, quickly forecast across fiscal years and develop periodic and rolling forecasts.

 

SELF-SERVICE ANALYTICS

Every user, regardless of technical experience, can easily generate reports and analyze performance using CCH Tagetik's self-service analytics. No IT required! Drag and drop any report within CCH Tagetik to become a dashboard and include powerful visualizations. CCH Tagetik makes it easy for every non-financial and non-technical user to be an informed decision-maker. 

CCH Tagetik's balance sheet planning Software is trusted by leading companies across all industries


Hempel

Consolidation, Budgeting, Cash Flow Planning

Watch the video

Lyunch

Budgeting, Forecasting & Cash Flow Planning

Watch the video

Generali

Budgeting, Planning, Cash Flow Planning

Centrex

Cash Flow Planning, Consolidation, Reporting

Hunterdon Medical Center

Budgeting, Planning & Forecasting, Cash Flow Planning

Watch the Video

Greiner

Budgeting & Planning of the Group, IFRS Consolidation, Cash Flow

On Demand Webinar

PRECISION PLANNING: THE 4 MAJOR FINANCIAL BENEFITS REALIZED DURING WINTRUST'S RAPID EXPANSION

Joel Macholan, VP of Financial Planning and Analysis at Wintrust, will discuss the steps taken to implement and optimize an all-encompassing solution - from the projection of the current portfolio for an accurate Balance Sheet planning to the automated consolidation of the budget and forecast – that fully supports the office of the CFO.

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