CCH Tagetik's unified performance management solution for the RETAIL industry delivers
Integrated Business Planning
Use a single enterprise planning solution to integrate sales forecasts and operational plans with financial goals and corporate objectives. Create operational models and play ‘what-if’ scenarios to optimize costs, margins and profitability, while dynamically updating financial plans, budgets and forecasts.
Understand constraints that affect sales, purchasing and inventory plans; then assess the impact on the P&L, balance sheet and cash flow. Build business models to play ‘what-if’ scenarios and optimize resources by retail location, shelf or floor space, brand, product or SKU.
P&L and Balance Sheet Planning
View the financial impact of new store openings or closings, same store performance, and promotional programs and instantly update budgets and plans. See the the capital and HR impact of adding assets or staff due to economic shifts or seasonality.
Cash Flow Planning & Forecasting
CCH Tagetik provides double entry logic and automates the cash in/cash out impact of budget line items. When plans, capital, exchange or interest rates change, CCH Tagetik instantly updates cash flow plans and forecasts so decision-makers can quickly assess the net business impact.
Cost Allocation & Profitability Analysis
Allocate costs to stores based on square footage, percent of sales, product mix and more. Determine overhead costs and fix margins, logistics and service costs on points of sale based on specific drivers. Determine labor costs by store, department or employee.
Get insights into how workforce changes, turnover, overtime, contract and detailed employee-level variables (salary, sick leave, bonus, benefits, new hires, transfers, etc.) affect the strategic plan, P&L, cash position and operational productivity. With CCH Tagetik, finance, HR and operations are aligned.
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.
Cut days off the monthly close cycle and accelerate management and external 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.
CCH Tagetik Software is trusted by leading companies in the RETAIL industry
Budgeting, Closing, Reporting, Consolidation, Cash Flow
Cash Flow Planning (on cloud)
Alex Hayley - General Manager Finance
“We implemented CCH Tagetik because the spreadsheet approach to budgeting just could not cope with our growth initiatives and expanding business channels. We now have a robust budget process with the flexibility we require. I was impressed with the commitment shown by the CCH Tagetik team and how passionate they are about the system and adapting it to meet the needs of our business.”
Claudia Perico - Head of Planning & Control
“We chose CCH Tagetik due to its unified architecture, database stability, flexible scalability and rich, built-in features like data traceability. We were impressed that CCH Tagetik’s consultants were able to adapt the application to our specific business needs.”
LS TRAVEL RETAIL NORTH AMERICA
Ivana Krpan - Vice President Finance
“CCH Tagetik reduced LS Travel Retail's budgeting cycle time by 30% and the monthly reporting creation time by 70%, allowing more time for data analysis.”
On Demand Webinar
The latest EPM trends and insights from Forrester
This thought-provoking and informative webinar you will learn how to weigh your needs across many different EPM criteria to better understand where to focus your attention on the criteria that matter most to your business.
Browse our Resources
Balance Sheet Movements & P&L, Consolidation, Reporting, Budgeting and Forecasting
LS travel retail North America
Budgeting, Planning, Forecasting and Financial reporting
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