It Takes Two to Tango: The SAP and CCH Tagetik EPM Revolution

Revolutions -- whether in history, business, or technology -- typically take a long time to brew. But when they erupt, people take notice. All revolutions spring out from a build-up convergence of factors. Several years ago, Gartner coined the phrase “nexus of forces” to describe the convergence and mutual reinforcement of social, mobility, cloud and information patterns that drive new, often revolutionary business scenarios.

In the case of EPM, the next revolution will be the availability real-time information, which will produce quantum leaps in EPM applications and technology.

The case for real-time, or even near-real-time financial information (encompassing accurate and consistent past, present and future data) for the office of the CFO hardly needs arguing. As the world moves faster, real-time information is becoming a “must have” rather than a “nice to have” for the CFO, management, shareholders and regulators. However, for most corporations, real-time EPM is still only a dream.

 

SAP and CCH Tagetik have been partnering for a number of years to prepare a future where real-time or near-real-time EPM information is available on a continuous basis. Both companies have the vision, ambition, experience, and will to collaborate to make such a revolution an actual reality.

 

CCH Tagetik and SAP
CCH Tagetik brings to the revolutionary partnership the application layer – its visionary unified financial and analytical performance management platform. SAP brings the technology layer – HANA, its visionary in-memory data management and technology platform.

Now that the first joint customers of CCH Tagetik on SAP HANA have signed up, the EPM market is taking notice. Granted, it will take several years for the dream of real-time EPM to fully come true, but both companies are committed to making it happen. Last week was a major milestone for our partnership -- two of our joint customers went live on SAP HANA. I’ll be sharing their experiences and results in future blog posts.

I recently had the pleasure of presenting CCH Tagetik on SAP HANA at the SAP OEM Partner Summit in Amsterdam. The reaction from SAP’s partners, which include some of the world’s largest consulting companies with decades of EPM experience, went from initial disbelief to unrestrained enthusiasm.

Their reactions made it clear -- the EPM revolution has begun!


CCH Tagetik and SAP


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