CCH Tagetik Archived Reviews (More than two years old)

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Isao Nakajima
Consultant
Director at a consultancy with 10,001+ employees
Feb 25 2018

What do you think of CCH Tagetik?

What is our primary use case?

Managerial consolidation and BPF (budgeting, planning, and forecasting), especially for big companies.

How has it helped my organization?

Strong relation of entity with workflow because its functions are very useful, but not arangible. I think customers like more flexible and independent functions.

What is most valuable?

APM, which deals with the details of data and has calculation functions included. It is very powerful. Accounting and financial departments members like it. 

What needs improvement?

Analytics function is weak. Other products have sum(irate) function and forecasting help function, but Tagetik does not have this clarity.

For how long have I used the solution?

One to three years.
Vendor
IT Project Manager at a financial services firm with 1,001-5,000 employees
Mar 31 2015

What do you think of CCH Tagetik?

Valuable Features

It's user friendly, and it doesn't require code programming, with only the parameters needing to be entered.

Improvements to My Organization

It has enabled the automization of financial processes and overall workflow management.

Room for Improvement

Performance of the elaboration in terms of time.

Use of Solution

I've been using it for one year.

Deployment Issues

No issues encountered.

Stability Issues

Yes there are.

Scalability Issues

No issues encountered.

Customer Service and Technical Support

Customer Service: Very good. Technical Support: Very good.

Initial Setup

It was complex, you need a Tagetik consultant.

Implementation Team

Through a vendor team with a very high level of expertise.

Other Advice

The initial analysis is…
Consultant
Partner at a consultancy with 51-200 employees
Mar 18 2015

What is most valuable?

The on-the-fly consolidation engine, including on-the-fly currency translation, allows for a very dynamic approach to consolidation and reporting. Calculating only the legal consolidation hierarchy allows for the real time presentation of alternative consolidation hierarchies (e.g. managerial… more »

How has it helped my organization?

Depending, of course, on the way the solution is configured, we have seen several corporations reduce their monthly closing cycle by four to five days without changing the underlying processes in the transactional systems. The four to five days purely consists of a more efficient reconciliation… more »

What needs improvement?

Because of the on-the-fly functionalities, we do see that especially with larger databases, the response times of the reports are under pressure. More in memory computing capabilities should safeguard proper response times. The vendor is working on this, amongst others by adapting the SAP HANA… more »

What other advice do I have?

Before starting the configuration of your application, think about the trade off between using the Original Scenario compared to the Consolidation Scenario. This may sound a bit cryptic to those unfamiliar with Tagetik, but the choice between the two is fundamental for how easy maintenance of the… more »

What is CCH Tagetik?

CCH Tagetik goes beyond basic CPM. By aligning financial and operational data in a unified platform, our software ensures you're working with a single version of the truth. The result is faster financial processes and a complete view of your entire organization.

Also known as
Tagetik
CCH Tagetik customers
Daimler, Randstad, Rabobank, Metro Group