17 July 2012
Chantilly, Virginia, USA and Lucca, Italy
The Teaching Company Banks On Tagetik for Budgeting, Planning, Profitability and Reporting
Leading Developer of University-Level Courses Improves Performance Management Processes with Tagetik
Tagetik, a global provider of enterprise software solutions for Performance Management, Disclosure Management, Financial Governance and Business Intelligence, today announced that The Teaching Company, LLC has selected the Tagetik platform for its budgeting, planning, profitability and reporting processes as well as marketing analyses.
“With the help of the consulting firm, RapidPerformance, LLC, it became very clear that we needed to replace our current spreadsheet-based forecasting and financial reporting processes,” explains Bryan Lapidus, Manager of Financial Analysis at The Teaching Company. “After careful review, we selected Tagetik because of its strong out-of-the box functionality for basic financial statements and its ability to configure our complex, idiosyncratic marketing forecasts, across multiple geographies and multiple time periods.”
Mark Corsetti, VP & General Manager of Tagetik North America adds: “During our first meeting with The Teaching Company, it became very clear that due to its rapid growth, the company’s system of large, interconnected Excel spreadsheets had become unsustainable and prone to crashing. Tagetik 4.0 fits perfectly into their Microsoft technology environment (SQL Server 2008 and Dynamics AX) providing a performance management platform that was easy to use but flexible enough to meet the company’s needs, and as a result we were able to effectively fulfill every requirement that The Teaching Company needed to succeed.”
“This project is another example of how Tagetik’s ‘Performance with Passion’ approach motivates us to go above and beyond for our customers. We are constantly innovating our solution so our customers can not only resolve their biggest current issues, but can then go on to achieve the greatest results possible,” says Manuel Vellutini – Executive Vice President, Chief Operating Officer at Tagetik.
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