9 December 2010
University of St.Gallen cooperates with Pricewaterhousecoopers Ag and Tagetik
Cooperation between university, PwC and software vendor for Performance Management and Business Intelligence
Tagetik, a global provider of enterprise software solutions for Performance Management, Governance, Risk & Compliance and Business Intelligence which is represented in the German-speaking countries by pmOne AG, today announced the launch of its collaborative project with PwC Switzerland and the University of St.Gallen.
The joint project will provide students attending the Masters course ‘Consolidated Accounting’ – offered by the Institute of Accounting, Controlling and Auditing of the University of St.Gallen – an outstanding experience to handle the basics on financial consolidation as well as to apply the International Reporting and Accounting Standards (IFRS) to actual cases.
The university has decided to add Tagetik 3.0’s complete software solution for Corporate Performance Management (CPM) as a computer-based self-study program to its current course and PwC will support the higher education institution in preparing the case studies and building up the consolidation capabilities within the Tagetik’s application. As a result, students will be able to solve consolidation transaction issues using the software Tagetik 3.0 starting from Spring 2011, thus making the course that much more closer to real life business scenarios.
“For over a hundred years the university of St.Gallen has provided students with an optimal mix of research and practical experience,” explained Chair Prof. Dr. Thomas Berndt, Department of Accounting, Controlling and Auditing (ACA). “For this reason, we have decided to venture in a joint project with Tagetik and PwC to expand our expertise in Performance Management and Business Intelligence and allow maximum performance in teaching and research throughout our Institute of Accounting, Controlling and Auditing”.
“As the major provider of assurance and advisory services, it is in our interest to have graduates of the University of St.Gallen who acquire excellent training that is as close to reality as possible,” said Roger Kunz-Brenner, Partner PwC, Leader of the Business Reporting. “Including realistic consolidation accounting cases in the University of St.Gallen Masters course using Tagetik 3.0 state-of-the-art tool is an important step for the university in this direction.
“We are honored to be a part of such an ambitious and empowering project with industry experts, PwC and the University of St.Gallen,” commented Manuel Vellutini Chief Operating Officer at Tagetik. “I believe it is essential for future managers, to confront the difficulties and complexities that exist in real business scenarios throughout their studies. The opportunity to have hands-on experience using a software that is designed to manage and control the corporate performance of daily business activities is a great advantage for students, making them aware of how important it is to have an accurate and flexible system for data measurement and analysis. This partnership allows to pass on a great ‘culture’ of financial processes as it meshes highly complex topics drawn from academia, research, training and practice.”
Background information on PwC
PwC Switzerland (www.pwc.ch) provides industry-focused assurance, tax, legal and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 161,000 people in 154 countries across the global network of PwC firms share their thinking, experience and solutions to develop fresh perspectives and practical advice.
"PwC" is the brand under which member firms of PricewaterhouseCoopers International Limited (PwCIL) operate and provide services. Together, these firms form the PwC network. Each firm in the network is a separate legal entity and does not act as agent of PwCIL or any other member firm. PwCIL does not provide any services to clients. PwCIL is not responsible or liable for the acts or omissions of any of its member firms nor can it control the exercise of their professional judgment or bind them in any way.
Background information on pmOne AG
pmOne AG Munich and Vienna is one of the fastest growing companies in the market for business intelligence and performance management (CPM). It began life at the beginning of 2007 with a long-standing team of BI experts; pmOne AG currently markets and implements company management solutions all over Central Europe.In German-speaking Europe, the company currently employs more than 100 employees at 6 locations all of whom are specialised in solutions for data warehousing as a technical base and in financial applications used for corporate planning, reporting and consolidating on the basis of Microsoft technologies. The company is currently fully held by its Management and its employees.
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