CCH Tagetik Features

Uses collected data to assist organizations in understanding what they can afford now, and in years to come.

Creates a continuous and recurrent planning process that can be calculated according to a specified and customizable timeline.

Leverages data from budgeting and forecasting processes to help corporations understand their reality and make decisions accordingly.

Offers methods of visualizing data via customizable dashboards, statistical graphs, and charts.

Scours data for actionable insights.

Allows users to customize their own reports according to business needs.

Provides pre-built reporting templates to organize data for payroll, manufacturing, and other company factions.

Allows for searchable communication within the tool via notes, checklists, and discussions to ensure clarity between users.

Reflects updates immediately, ensuring users have the most recent data while maintaining records of past performance.

Updates varying factors in real-time, assuring forecasts and inferences are continually made according to the most recent information.

Displays and shares company performance data to increase transparency across the board.

Import trial balance, monthly P&L, balance sheets, and other types of financial data This feature was mentioned in 13 CCH Tagetik reviews.

Based on 13 CCH Tagetik reviews. Define budget structure elements and how they are linked hierarchically

Keeps track of all versions of a budget and allows users to compare versions 13 reviewers of CCH Tagetik have provided feedback on this feature.

Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues This feature was mentioned in 13 CCH Tagetik reviews.

Test the potential financial impact of business decisions on revenues and expenses 13 reviewers of CCH Tagetik have provided feedback on this feature.

Users can customize standard budget periods (3, 9, or 12 months) 13 reviewers of CCH Tagetik have provided feedback on this feature.

Consolidate multiple budgets from different departments or business entities This feature was mentioned in 13 CCH Tagetik reviews.

Users with administrative access rights can modify budgets This feature was mentioned in 11 CCH Tagetik reviews.

As reported in 12 CCH Tagetik reviews. Workflows are used to define the steps required to alter budgets and who needs to approve changes

As reported in 12 CCH Tagetik reviews. Forecasting is based on past transactions and historical financial or operational data

Based on 11 CCH Tagetik reviews. Ability to recreate forecasts to include new information that may impact budgets

Support multiple types of forecasts such as balance sheet and cash flow forecasts 11 reviewers of CCH Tagetik have provided feedback on this feature.

Used to review and update budgeting assumptions for a predefined period (usually one year) This feature was mentioned in 11 CCH Tagetik reviews.

Uses AI algorithms and models to predict future trends and outcomes, based on historical data and patterns

Project out as the year progresses to accommodate trends that affect key business drivers. 12 reviewers of CCH Tagetik have provided feedback on this feature.

Based on 12 CCH Tagetik reviews. compare Income Statement, Balance Sheet, and Cash Flow for multiple periods

As reported in 11 CCH Tagetik reviews. Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data

Based on 13 CCH Tagetik reviews and verified by the G2 Product R&D team. Data from multiple systems can be centralized into a single repository

Based on 13 CCH Tagetik reviews and verified by the G2 Product R&D team. Financial information can be imported from multiple sources such as spreadsheets, text files, or databases

Based on 11 CCH Tagetik reviews and verified by the G2 Product R&D team. Match invoices, payments, and bank statement information

Based on 14 CCH Tagetik reviews and verified by the G2 Product R&D team. Provide multiple types of reports such as point-in-time snapshot reports, or year over year

Based on 15 CCH Tagetik reviews and verified by the G2 Product R&D team. Offers standard financial reports out of the box

Based on 15 CCH Tagetik reviews and verified by the G2 Product R&D team. Allows users to edit reports and to combine multiple reports

Based on 15 CCH Tagetik reviews and verified by the G2 Product R&D team. Creates workflows to assign tasks for audit and inspections, monitor work in progress, timelines, and approvals.

Based on 16 CCH Tagetik reviews and verified by the G2 Product R&D team. Adjusts journal entries in order to have an accurate balance sheet and income statement

Based on 16 CCH Tagetik reviews and verified by the G2 Product R&D team. Financial statements and statistical reports (such as KPI) can be assembled into financial packages

Analysis that creates business plans outside of finance, including sales, marketing, or HR.

Reports on departmental KPI metrics measured against targets.

Consolidates planning processes across an organization into a single solution.

Automates the process of comparing financial transactions between different accounts, statements, or systems

Helps match transactions recorded in the company's books with those in the bank statement

Alerts users when exceptions and discrepencies can't automatically be resolved

Uses algorithms, such as rule-based matching, fuzzy logic, or machine learning techniques to help with comparing large sets of data

Ensures that financial records are accurate and precise, reducing the chances of errors that could lead to audit issues

Meets industry-specific compliance requirements and supports regulatory standards

Offeres customizable reporting features to provide a clear overview of the financial reconciliation process and any issues that may need attention

Provides a detailed history of reconciliations and supports the accuracy of financial records

Integrates with accounting platforms to allow the import and reconciliation of financial data

Integrates with inventory management systems to help reconcile financial data related to product movements, purchases, and sales

Integrates with ERP systems to reconcile financial data across various modules and departments

Integrates with banking systems to import and match bank transactions

Offers role-based access control (RBAC) allowing administrators to define roles with specific sets of permissions

Uses features such as multi-factor authentication (MFA) to help ensure that only authorized users can access the software

Has encryption techniques to prevent unauthorized access or interception of data

Complys with regulations and standards, such as Sarbanes-Oxley (SOX), GDPR, or HIPAA

Capability to perform complex tasks without constant human input

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Engages in human-like conversation for task delegation

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Capability to perform complex tasks without constant human input

Uses AI to ensure the following of rules and creates detailed audit trails which helps compliance and audit preparation.

Uses AI to match transactions across accounts and systems, and flag exceptions and discrepencies.

Uses AI to extract, clean, and validate financial data from disparate sources, while identifying errors and inconsistencies.

Generates AI-assisted financial reports and provides thorough analytical insights.