Financial Management Solution for Professional Services
Professional services firm performance hinges on complex analysis of projects, people, rates, hours and clients. Automated financial solutions for professional services can streamline this historically manual process & make identifying revenue drivers easier.
CCH Tagetik unified professional service budgeting and forecasting software uses driver-based planning, templates & trusted financial intelligence to automate your financial process management - from consolidation & close to planning, forecasting, and reporting.
Benefits
Universal access to real-time, single sourced data ensures consistency across plans, models and reports
Simplify budgeting and planning by consolidating strategic, firm and project level planning in a single application
Model key drivers like first/last name, position, headcount, hours worked, partner fees
Analyzing direct and indirect costs and the impact of different business scenarios
At the click of a button, see pertinent performance metrics, complete reports and calculate figures for on-the-fly analysis
Dive into data in order to allocate employees and resources for maximum efficiency and strategic future action
cCH TAGETIK’S UNIFIED PERFORMANCE MANAGEMENT SOLUTION FOR THE PROFESSIONAL SERVICES INDUSTRY DELIVERS
Matter, Employee and HR Planning
Estimate a practice group or service unit’s profitability by determining resource related expenses. Allocate employees to projects while planning, tracking and analyzing activities. Conduct case assessments to see hours budgeted, revenue realization, rate, profits, matter structure and more.
Driver-Based Planning and Analysis
With CCH Tagetik’s use of in-memory technology and ETL, vast amounts of data can be drilled quickly and according to any driver. Uncover insights like realized revenue in opposition to unearned revenue or managing assumptions by office and position.
All Other Types of Planning
Whether planning fee income, expense, salary, do it all in CCH Tagetik using industry and planning specific drivers, like new hire or hours billed to clients.
Reporting and Analysis
CCH Tagetik expedites the reporting process with templates built for IFRS, US GAAP and management reporting. In a click, instantly report on cash flow, organic growth, budget variance and monthly trends. A single version of data ensures that one truth is shown every where figures appear.
Scenario Analysis
Use driver-based modelling to project patterns, estimate alternative billing rates or see how assumptions affect the revenue plan. Pre-seed data and analyze scenarios according to varying drivers like: headcount, hours worked, partner fees. Aggregate data to see impacts to the balance sheet or P&L.
Unified Corporate Performance Management
Unify and automate historically fragmented and manual financial management processes. Using CCH Tagetik’s modernized solution, automate and prioritize performance management enterprise-wide. Purpose-built for finance, but optimized for non-financial users, CCH Tagetik is available on the Cloud, on-premise and your mobile device.
Projected Balance Sheet and Cash Flow
Using CCH Tagetik’s integrated data model, view how the future will trend. Get the ability to automatically calculate relevant currency translation, perform intercompany eliminations and consolidate equity effects. With automated data, create an indirect cash flow statement at the click of a button.
Strategic Planning & Forecasting
Using CCH Tagetik's unified budgeting, planning, forecasting and modeling solution, align business plans with operational budgets, eliminate manual data entry and effortlessly generate periodic and rolling forecasts. Complete the strategic plan and annual budget faster and more accurately using a single source of financials that automatically update.
CCH TAGETIK SOFTWARE IS TRUSTED BY LEADING COMPANIES IN THE PROFESSIONAL SERVICES INDUSTRY
Consolidation, CDM
Budgeting, Profitability Analysis, Consolidation, Reporting
Consolidation, Reporting, Cash Flow Planning, Budgeting & Forecasting
Consolidation & Reporting (phase 1) Budgeting & Forecasting, Cash Flow & Analytics
Budgeting, Consolidation, CDM
Consolidation, Budgeting, Forecasting, Annual & Management Reporting
Testimonials
Customer Quotes
CCH Tagetik has accelerated our reporting processes and improved our financial analytics. We have gained more control over our financial data and can now produce periodic reports including quarterly fund reports, the annual financial statements and analyses for our management faster and more efficient than before.
RABO BOUWFONDS COMMUNICATION INFRASTRUCTURE FUND
Hans Kooij - Fund Controller, CIF
Using CCH Tagetik’s software, we managed to integrate into a single and coherent process our rolling forecasts based on key drivers, the valuation of our work in progress, the automatic calculation of our IFRS accounts and the profitability analysis and reporting per function, service group, client and project.
KPMG GREECE
Nikos Dimakos, Partner, Management Consulting
I am very proud that we have delivered the project within the timelines that we had set and within the budget. CCH Tagetik will deliver added value to Randstad Group through its advanced functionality and cloud deployment.
RANDSTAD
Rob Fenne - Managing Director Group Accounting
Leveraging the built-in reporting capabilities of CCH Tagetik’s software, we have a consistent and robust mechanism for calculating our KPIs, enhancing our insights into business results and improving our capabilities for capacity and resource planning, as well as, just-in-time corrective action
KPMG GREECE
Nikos Dimakos, Partner, Management Consulting
On Demand Webinar
FINANCIAL CONSOLIDATION IN THE CLOUD
Explore how moving to a unified consolidation environment in the cloud has enabled the Arena Group to improve the dependability and speed of financial reporting, liberate time for analysis and decision-making as well as providing the agility to support the group’s ambitious global expansion.
Gary Simon, Chief Executive of FSN & Leader of the Modern Finance Forum for CFOs, will interview Paul Littlechild, Group Financial Controller, Arena Group on this topic.
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