Financial Insight, Narrative Remarks
Since narrative and numbers work together to create the full picture for the board and a strategic direction for the company, accuracy is paramount. CCH Tagetik allows you to automatically update both textual and financial data so you have a single version of the truth across all your reports.
A single page within a collaborative report could have a table from finance, a chart from operations and narrative written by a Line of Business manager. Whether it’s twenty pages or two hundred, CCH Tagetik allows multiple contributors to work within the same document at the same time, without bottlenecks or versioning confusion.
Managerial reports and board books are never a singular request. They’re repeated annually, quarterly, monthly, even weekly. With CCH Tagetik, reports roll forward and data updates automatically with current figures so board books are consistent from meeting to meeting and executives can analyze decision-making information faster for better strategic planning.
The board will always have questions. With CCH Tagetik, you’ll always have answers. CCH Tagetik’s audit logs store a complete history of data, from the moment it’s logged, through consolidation and all the way through to the final report. With this granularity, you get insight into updates, revisions and approvals when you need it.
Board books key capabilities include
Automated Compliance Reporting
It’s easy to combine financial and non-financial data to create board books and other collaborative reports, like budget books, using CCH Tagetik. Not only is financial information easily rendered within reports, if the data changes, all reference points are automatically updated as well.
CCH Tagetik simplifies the production of board books by facilitating collaboration and communication among report contributors. Assign sections, content items, set deadlines, status and notifications and have multiple contributors work within the report at the same time while reducing bottlenecks, errors and overlap.
Accuracy & full Transparency
CCH Tagetik’s unified corporate performance management solution provides detailed audit logs so that information is completely transparent and traceable back to its source. Automated workflow shows clear accountability for updates, revisions and approvals. Answering tough questions by tracing source data just got easier.
CCH Tagetik manages the complexity of orchestrating multiple contributors - if not dozens, from across the organization; their content items, including financial and non-financial data, associated narrative; approvals and version control with its robust process workflow engine.
CCH Tagetik's Reporting Software is trusted by leading companies across all industries
Carole Cran - CFO
“To support Aggreko’s growth strategy, the requirements of the finance organisation to provide the business with right first time reporting that is insightful and fast is becoming ever more important. During a six month selection process, CCH Tagetik demonstrated the product’s capability to meet our complex statutory and management reporting needs and CCH Tagetik will provide us with the means to step change the insight and speed with which we disseminate ever broader financial and non-financial information.”
Stefan Allanson - Deputy CFO
“With the merger of Apollo & Keepmoat Group and different underlying ERP systems, we needed an overarching EPM solution which would provide flexible management reporting across different business and statutory needs. During the selection process, CCH Tagetik proved to be robust and rich in functionality which we knew would allow us to implement our current needs as well as future plans such as budgeting, forecasting and cash flow planning.”
Thierry de Taeye - VP, Group Accounting and Controlling
“With CCH Tagetik, consolidation and management reporting are now at the core of our group’s financial management, thanks to the software’s greater flexibility and the improved response time it allows our teams.”
On Demand Webinar
Automated & Validated: The New Era of Board Reporting at GE Capital
This webinar discusses how GE Capital utilized CCH Tagetik CDM to implement a standardized & automated reporting process that yielded internal benefits and satisfied federal requirements.
Browse our Resources
Why combining ‘numbers’ and ‘narrative’ is critical for next generation Disclosure Management.
White Paper by FSN
Financial close and Fast Close, Consolidation, Capital and Financial planning, Management Reporting, Statutory & Financial Reporting
Collaborative Disclosure Management (CDM), Management reporting, KPI reporting
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