As part of Wolters Kluwer, Tagetik Software is now CCH Tagetik. READ MORE

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Financial Management Solutions for Construction & Engineering

See how every project impacts your bottom line

The financial perils of construction and engineering are well documented. With large capital expenses and long-term project timelines, one bad decision can damage business performance for years. To avoid that fate, the Office of Finance needs to plan and monitor how each project — and each investment — affects cash flow, interest expense and bottom-line profitability.


That’s what CCH Tagetik Cloud for Construction & Engineering delivers. This powerful solution simplifies complex business processes, so you can see both individual and overall impact of your financial planning — and make better, more informed business decisions.


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Benefits

Benefits


Gain insights into project planning parameters

Gain insights into project planning parameters such as work in progress, invested capital and cash flow

Optimize financial processes

Optimize financial processes with integrated financial planning that includes cash flow

Control costs

Control costs with contract estimates up to the final level of WBS (Work Breakdown Structure) and detailed design phases

Modernize

Modernize cumbersome and error-prone manual processes and data entry

Greater visibility

Greater visibility through informative dashboards and detailed analysis for both finance and business users

Single version of the truth

Single version of the truth - across plans, budgets, lines of business, operating units and corporate. Eliminate the debate

CCH Tagetik's unified performance management solution for the Construction & Engineering industry delivers

Strategic Planning & Forecasting
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Strategic Planning & Forecasting

Simplify the strategic planning and annual budgeting process with a single source of financials using CCH Tagetik's unified budgeting, planning, forecasting and modeling solution. Align annual plans with operational budgets, eliminate manual data entry and effortlessly generate periodic and rolling forecasts.

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Cost Allocation & Profitability Analysis
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Cost Allocation & Profitability Analysis

CCH Tagetik allows you to use cost allocation methods to assess profitability by business division (commercial, residential) and department (marketing, finance). Allocate direct and indirect costs to any level of detail to more accurately analyze profitability by project, client, region or channel.


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Capital Planning
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Capital Planning

Align finance with operations and standardize the capital plan and budget. Analyze multiple dimensions (cost center, project, location, supplier, others.) and business drivers  (quantity, average prices, transfer prices) while managing milestone billing in advance, retention money, and fixed fees.

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Project Planning
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Project Planning

Empower users to add and manage their own projects, thereby freeing administrators from loading, entering or assigning work. Model and manage projects, optimize costs and capital structures and see how changes affect the P&L, cash flow and balance sheet.

Capacity Planning
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Capacity Planning

Understand resource requirements and capacity constraints that impact project, operational and/or  financial outcomes. Build project or other operational models to play ‘what-if’ scenarios to analyze and optimize resources based on capacity - by project, customer, location or other.

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Cash Flow Planning & Forecasting
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Cash Flow Planning & Forecasting

Plan and forecast cash at every level, from the project level down to contractors' costs on a job-site to the budget line item. With cash flow plans and forecasts that update instantly and automatic double entry logic, see the cash in/cash out impact of cash flow as soon as it occurs.  

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Seamless Close-to-Disclosure
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Seamless Close-to-Disclosure

Cut days off the monthly close cycle and accelerate management and regulatory reporting with a single solution. Confidently manage and control journals, adjustments, intercompany eliminations and reconciliation, then seamlessly produce disclosure reports that provide drill-down to the underlying data.

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Reporting & Analytics
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Reporting & Analytics

With easy to use, packaged templates, all contributors - including non-financial and non-technical users - can report on key metrics and performance with CCH Tagetik’s reporting toolset. Create custom reports, interactive dashboards, visualizations and ad hoc analytics - without depending on IT.

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More specific Requirements

CCH Tagetik for construction & engineering



IFRS 15 IFRS 16

CCH Tagetik Software is trusted by leading companies in the Construction & Engineering industry


Astaldi

Consolidation, Cash Flow Planning, Budgeting, Monthly Closing, Enterprise Risk Management

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Laing O’Rourke

Consolidation, Tax Reporting, Monthly Reporting

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Keepmoat

Consolidation

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Maire Tecnimont

Disclosure Management, Consolidation, Operational Budgeting by  project

Mourik

Consolidation (on Cloud)

Keller

Consolidation, Forecasting, Reporting

Testimonials

Customer Quotes


On Demand Webinar

On the move for IFRS 15 and 16. How to be compliant with no disruption.

In this webinar, senior IFRS consultant, Tom Borsboom will dig deep into both IFRS 15 and 16. He’ll discuss the coming requirements, the impacts your systems will face, and how your company can leverage CCH Tagetik for a smooth, non-disruptive solution.

Browse our Resources


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