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

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Total Cost of Ownership (TCO)

Total cost of ownership (TCO) is a financial estimate whose purpose is to help consumers and enterprise managers determine direct and indirect costs of a product or system. It is a management accounting concept that can be used in full cost accounting or even ecological economics where it includes social costs. For manufacturing, as TCO is typically compared with doing business overseas, it goes beyond the initial manufacturing cycle time and cost to make parts. TCO includes a variety of cost of doing business items, for example, ship and re-ship, and opportunity costs, while it also considers incentives developed for an alternative approach. Incentives and other variables include tax credits, common language, expedited delivery, and customer-oriented supplier visits.


CCH Tagetik ensures low TCO: by unifying all Performance Management processes in a single technology platform, CCH Tagetik customers can reduce the cost of ownership for these applications by up to 50%.

 

Discover how CCH Tagetik delivers:

corporate performance management software