CF

Verified User in Financial Services

Small-Business (50 or fewer emp.)

11/5/2020

"Awesome flexibility and Data Collection functionality"

4.5/5

What do you like best about CCH Tagetik?

The speed of the ETL Functionality for data collection and the Power BI connection with cpmVision. Review collected by and hosted on G2.com.

What do you dislike about CCH Tagetik?

You need of course financial expertise to use this program. This is not a dislike but an encouragement to receive training. Review collected by and hosted on G2.com.

IK

Ian K.

Manager - Financial Consolidation and Reporting

Mid-Market (51-1000 emp.)

6/15/2020

"Robust Software with a little room for improvement"

4/5

What do you like best about CCH Tagetik?

Cloud based software, thus can work in different countries Review collected by and hosted on G2.com.

What do you dislike about CCH Tagetik?

Structure of the software, not user friendly Review collected by and hosted on G2.com.

JK

Jesse K.

Account Manager

Mid-Market (51-1000 emp.)

7/5/2019

"Can handle just about all our financial reporting needs"

4.5/5

What do you like best about CCH Tagetik?

Data entry procedures. The integration with MS Office suite applications made data entry activities easy like filling an Excel spreadsheet, with the only difference that any detail is stored in a consistent database which can be easily analyzed. If you know your Excel, you will have no trouble writing reports on this platform. All information fed to Targetik comes to a single database and you can see who uses it and how, which makes for a better data protection. Personally, I like the forecasting function best, because in today’s economy, a timely heads-up can be a lifesaver for one’s business. Review collected by and hosted on G2.com.

What do you dislike about CCH Tagetik?

Working in the program is a pleasure for me. You do not need to have special skills here or have many years of experience. It is enough to have knowledge on the work of programs such as Word and Excel. And that's all! Now you can compile full reports for your work. The work goes pretty quickly. Review collected by and hosted on G2.com.

Recommendations to others considering CCH Tagetik:

Flexibility and ease of use with the application - that's what you need. And better reports are always needed in companies. Therefore, I recommend this application to those who wish to translate this to a new level and improve the productivity measure. Review collected by and hosted on G2.com.

What problems is CCH Tagetik solving and how is that benefiting you?

The consolidation processes can be easily controlled thanks to a work flow utility which shows the main steps of the process and the state of completion validated by any single user. Data quality and auditability. Data are stored in a solid a consistent DB structure which contains also all the details suitable for any system audit need. Review collected by and hosted on G2.com.

UC

Verified User in Capital Markets

Small-Business (50 or fewer emp.)

9/27/2019

Business partner of the seller or seller's competitor, not included in G2 scores.

"We get financial"

5/5

What do you like best about CCH Tagetik?

Tagetik allow user to calculate best financial services, in every way they can they help the user. The license cost is pretty high but they offer a help desk solution 24 / 7. Review collected by and hosted on G2.com.

What do you dislike about CCH Tagetik?

Software pretty slow, but for how much it's big there is no big disappointment Review collected by and hosted on G2.com.

AM

Verified User in Medical Devices

Enterprise (> 1000 emp.)

1/25/2019

"Proper implementation is a key, avoid customization as usual"

3.5/5

What do you like best about CCH Tagetik?

Possible to forecast and segregate different types of demand (revenue, samples, consignment, etc) Review collected by and hosted on G2.com.

What do you dislike about CCH Tagetik?

overriding can become handful if you have a lot Review collected by and hosted on G2.com.

Recommendations to others considering CCH Tagetik:

yes, would recommend this software. it has many modules and options, take your time to identify what your needs are Review collected by and hosted on G2.com.

What problems is CCH Tagetik solving and how is that benefiting you?

My company uses this software to forecast finished goods only in different markets. As mentioned, we have a demand for many types of inventory and Vanguard does a good job segregating them out. Review collected by and hosted on G2.com.

AC

Andrea C.

Strategic Planning Manager

Mid-Market (51-1000 emp.)

9/8/2015

"Tagetik: your needs, its solution"

4.5/5

What do you like best about CCH Tagetik?

•Really fast consolidation routine

•Data Drill-down

•Easy to use for reporting

•Flexibility and scalabity Review collected by and hosted on G2.com.

What do you dislike about CCH Tagetik?

•Improve financial budgeting cockpit

•Improve some IC reconciliation report

•Improve something regarding Equity reserves in consolidation routine

•Improve exchange rate management DB Review collected by and hosted on G2.com.

Recommendations to others considering CCH Tagetik:

We selected Tagetik because it had a very positive approach on our specific needs. To support our business requirements Astaldi needed to introduce a new paradigm in the management of our performance management and financial governance challenges. Astaldi needed to streamline the global financial processes (including monthly closure, consolidation, reporting, budgeting, financial planning, and executive dashboards). We needed to decentralize specific financial processes at a worldwide level, and unify multiple business applications within a single unified software solution. Review collected by and hosted on G2.com.

What problems is CCH Tagetik solving and how is that benefiting you?

Tagetik is absolutely well suited for all scenarios of statutory consolidation, economic budgeting and forecasting. It can have a lot of data regarding the single project and not only for legal entity and this is a MUST today. It's easy to use, and you don't need any action from the IT department for reporting set up. It could be improved in regards to financial budgeting and forecasting.

Tagetik is used for statutory consolidated balance sheets, economic and financial budgeting and forecasting by projects, and HR-ERM-HSE cockpit. It's used across the whole organization with about 300 different users located worldwide. We use Excel. Its Excel interface for statutory reporting is used internally and for our external duties through banks, rating agencies and others entities (our group is listed on the Milan Stock Exchange). Our group uses Tagetik to perform its business plan - every company in our group uses it to present its business plan. Since Tagetik is web-based we have the opportunity to collect data 7 days a week 24 hours per day. We experienced a reduction of TCO of about 25%. Review collected by and hosted on G2.com.

SC

Stefano C.

Head of Solvency II Life Technical Provisions Coordination and Calculation Unit

Enterprise (> 1000 emp.)

3/30/2017

"A unexpected surprise"

4.5/5

What do you like best about CCH Tagetik?

The system is really user friendly and facilitates the collaboration between different users. The cockpit allows the monitoring of the status of the process in an immediate way and the reporting capabilities are solid. What impressed me most? The relative short time it has taken us to get familiar with Tagetik and to set up our Solvency II platform from scratch. Finally an additional plus is given by the Tagetik team which supports us always in a proactive and efficient way. Review collected by and hosted on G2.com.

What do you dislike about CCH Tagetik?

The system is sufficiently versatile but, given the specificities of our activities which include coordination and validation of quantitative and qualitative data collected from more than 65 entities of the Group, some customizations were needed (for instance with reference to the direct link between the main cockpit and the CDM tasks as well as some utility tools to allow the multiple copy of CDM documents).

However we understand that some of the customization we requested were not available in the software version currently at our disposal, but have been implemented as a standard features in the new Tagetik 5 version. Review collected by and hosted on G2.com.

Recommendations to others considering CCH Tagetik:

Tagetik is a versatile and users' friendly software. The proactive and efficient support of the Tagetik team is an additional and fundamental pros to be considered. Review collected by and hosted on G2.com.

What problems is CCH Tagetik solving and how is that benefiting you?

As a key control function, we are in charge of the coordination and validation of the Solvency II Technical Liabilities collected from more than 65 Group entities all over the world. To achieve these goals, we have implemented a Tagetik based platform (LAMP) which allows the quantitative and qualitative data collection. In addition, thanks to the Tagetik interconnection capabilities, to comply with the Solvency II regulatory requirements, LAMP fosters the flow of data from and to different Group streams. Review collected by and hosted on G2.com.

AS

Arshak S.

Functional Application Manager Tagetik

Enterprise (> 1000 emp.)

7/10/2016

"Tagetik: My Experience"

4.5/5

What do you like best about CCH Tagetik?

The possibilites and adaptability of Tagetik, but also the high level of service provided by the Tagetik Consultants.

The integration of Tagetik with Microsoft Office (Word and Excel) makes it easy to make reports, because most of the time you only need your Word and Excel knowledge, which you probably already have. So the amount of traning you need to make the reports is almos nothing. You only need to learn about the functionalities provided by the Tagetik Word and Excel add-ins, which is very easy to learn, understand and work with.

Furthermore, the practical video's provided by Tagetik on their community are very useful and provide many tips and tricks on how to conduct specific tast in an efficient manner. I like this, since it helps me to do some dailiy tasks very fast.

Review collected by and hosted on G2.com.

What do you dislike about CCH Tagetik?

It takes a little bit of time to understand how Tagetik works with regards to its web version, since it has a lot of menu options. Besides of that, sometimes the location of the menu options is a bit confusing and less logical.

Tagetik Excel add-in: it is very difficult to work with styles in the add-in. Creating styles and using them is a bit difficult and is not very clear explained in the PDF manuals. This is a topic which could be very useful if more attention is put on it. Review collected by and hosted on G2.com.

Recommendations to others considering CCH Tagetik:

I recommend Tagetik due to the following things:

1. flexibility: Tagetik is flexible in terms of reporting data in the way you want it. It makes it easier to finish your reports in a more professional way.

2. support: The Tagetik support, and more the Tagetik consultants, are very helpful and the support given is very fast. For me it took at maximum 2 days to be helped for a non important problem. Also, the Tagetik support from Lucca is also very fast and professional.

3. Reliable: The software is technically reliable and easy to maintain. As an administrator I love to work with Tagetik ,since most of the problem are easy to solve. Review collected by and hosted on G2.com.

What problems is CCH Tagetik solving and how is that benefiting you?

Financial Reporting, budgeting and forecasting. It makes the whole proces easier and more reliable.

We also use it for the Financial Consolidation, which imporives the quality of our business, both internal and external.

Also, the flexibility of Tagetik makes it easy to outsource other (small) application used in our company. By this you can control many financial processes within one single application. Review collected by and hosted on G2.com.

LB

Larry B.

Senior Accounting Manager

Insurance

Mid-Market (51-1000 emp.)

6/11/2017

"Complete CPM Solution"

5/5

What do you like best about CCH Tagetik?

Tagetik has provided everything we were looking for in a planning and financial close solution and more. Services team was top notch. They did a great job taking requirements, recommending best practices and turning them into a complete solution. Review collected by and hosted on G2.com.

What do you dislike about CCH Tagetik?

some of the end user documentation is lacking. Review collected by and hosted on G2.com.

UP

Verified User in Paper & Forest Products

Enterprise (> 1000 emp.)

5/17/2017

"Tagetik financial reporting and consolidation, budget and demand planning."

3.5/5

What do you like best about CCH Tagetik?

Tagetik Consolidation is a robust financial consolidation solution. Concerning the others areas of my experience, it is a less strong solution but it is possible to customize to address complex requirements. Review collected by and hosted on G2.com.

What do you dislike about CCH Tagetik?

Not all of the modules are robust, in some cases too much customizations are required during implementation. Review collected by and hosted on G2.com.

What problems is CCH Tagetik solving and how is that benefiting you?

We address the follwing areas: Tagetik financial reporting and consolidation, budget, demand planning.

Financial consolidation and monthly closing activities are under control, the management can have an accurate monthly reporting.

Commercial and production butget are inserted and can be used for reporting during the referred year.

The combination of budget and demand planning data help to plan and control results afterwards Review collected by and hosted on G2.com.