[ CCH Tag... Reviews ](https://www.g2.com/products/cch-tagetik/reviews) [ CCH Tag... Reviews ](https://www.g2.com/products/cch-tagetik/reviews) # CCH Tagetik Features ##### ## Financial Insight (4) Budgeting Uses collected data to assist organizations in understanding what they can afford now, and in years to come. Forecasting Creates a continuous and recurrent planning process that can be calculated according to a specified and customizable timeline. Planning Leverages data from budgeting and forecasting processes to help corporations understand their reality and make decisions accordingly. Budgeting/Forecasting Create budgets based on historical data and future projections Show More ##### ## Data (5) Data Visualization Offers methods of visualizing data via customizable dashboards, statistical graphs, and charts. Data Analysis Scours data for actionable insights. Custom Reporting Allows users to customize their own reports according to business needs. Reporting Templates Provides pre-built reporting templates to organize data for payroll, manufacturing, and other company factions. Real-Time Data Receive data and information in real time Show More ##### ## Status Communication (5) Collaboration Allows for searchable communication within the tool via notes, checklists, and discussions to ensure clarity between users. Version Control Reflects updates immediately, ensuring users have the most recent data while maintaining records of past performance. Real-Time Data Updates Updates varying factors in real-time, assuring forecasts and inferences are continually made according to the most recent information. Scorecards Displays and shares company performance data to increase transparency across the board. Approval Process Control Manage the process of evaluating documents or requests submitted for approval Show More ##### ## Budget Creation (7) Data Import Import trial balance, monthly P&L, balance sheets, and other types of financial data Budget Hierarchies Define budget structure elements and how they are linked hierarchically Versioning Keeps track of all versions of a budget and allows users to compare versions Formulas Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues What-If Test the potential financial impact of business decisions on revenues and expenses Budget Periods Users can customize standard budget periods (3, 9, or 12 months) Real-Time Data Receive data and information in real time Show More ##### ## Budget Management (3) Consolidation Consolidate multiple budgets from different departments or business entities Adjustments Users with administrative access rights can modify budgets Workflows Workflows are used to define the steps required to alter budgets and who needs to approve changes Show More ##### ## Forecasting (6) Historical Data Forecasting is based on past transactions and historical financial or operational data Reforecast Ability to recreate forecasts to include new information that may impact budgets Forecast Types Support multiple types of forecasts such as balance sheet and cash flow forecasts Rolling Forecasts Used to review and update budgeting assumptions for a predefined period (usually one year) AI Uses AI algorithms and models to predict future trends and outcomes, based on historical data and patterns Generative AI Use AI to generate content in the form of text, images, videos, etc. Show More ##### ## Analytics (4) Variance Analysis Project out as the year progresses to accommodate trends that affect key business drivers. Forecasts Comparison compare Income Statement, Balance Sheet, and Cash Flow for multiple periods Forward Looking Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data Financial Analysis Evaluate units, projects, budgets, and other finance-related data to gauge their performance and potential risk Show More ##### ## Reconciliation (9) Consolidation Data from multiple systems can be centralized into a single repository Management Financial information can be imported from multiple sources such as spreadsheets, text files, or databases Accounting Match invoices, payments, and bank statement information Built-in Accounting Accounting functionality within the system, not requiring integration with third-party tools Compliance Management Track and manage adherence to policies for any service, product, process, or supplier Task Management Create, manage and track all task activities and progression Tax Management Implementation of various strategies to manage tax obligations via planning and maintaining compliance Cash Flow Management Monitoring, analysis, and projection of the movement of cash into and out of a business over a specific period Financial Consolidation & Close Management Bring together financial information by collecting data from multiple ledgers and close financial processes Show More ##### ## Reporting (3) Report Types Provide multiple types of reports such as point-in-time snapshot reports, or year over year Standard Offers standard financial reports out of the box Custom Allows users to edit reports and to combine multiple reports Show More ##### ## Closing Process (3) Audit Creates workflows to assign tasks for audit and inspections, monitor work in progress, timelines, and approvals. Journal Entries Adjusts journal entries in order to have an accurate balance sheet and income statement Distribution Financial statements and statistical reports (such as KPI) can be assembled into financial packages Show More ##### ## Financial Planning (4) Extended Planning Analysis that creates business plans outside of finance, including sales, marketing, or HR. Reporting Reports on departmental KPI metrics measured against targets. Integration Consolidates planning processes across an organization into a single solution. Self-Service Reporting Allow users to create their own reports and financial statements Show More ##### ## Reconciliation - Financial Reconciliation (4) Automation Automates the process of comparing financial transactions between different accounts, statements, or systems Bank Statements Helps match transactions recorded in the company's books with those in the bank statement Exceptions Alerts users when exceptions and discrepencies can't automatically be resolved Algorithms Uses algorithms, such as rule-based matching, fuzzy logic, or machine learning techniques to help with comparing large sets of data Show More ##### ## Audit - Financial Reconciliation (4) Accuracy Ensures that financial records are accurate and precise, reducing the chances of errors that could lead to audit issues Compliance Meets industry-specific compliance requirements and supports regulatory standards Reporting Offeres customizable reporting features to provide a clear overview of the financial reconciliation process and any issues that may need attention Audit Trail Provides a detailed history of reconciliations and supports the accuracy of financial records Show More ##### ## Integrations - Financial Reconciliation (4) Accounting Integrates with accounting platforms to allow the import and reconciliation of financial data Inventory Integrates with inventory management systems to help reconcile financial data related to product movements, purchases, and sales ERP Integrates with ERP systems to reconcile financial data across various modules and departments Banking Integrates with banking systems to import and match bank transactions Show More ##### ## User Permissions and Security - Financial Reconciliation (4) Access Offers role-based access control (RBAC) allowing administrators to define roles with specific sets of permissions Authentication Uses features such as multi-factor authentication (MFA) to help ensure that only authorized users can access the software Encryption Has encryption techniques to prevent unauthorized access or interception of data Regulations Complys with regulations and standards, such as Sarbanes-Oxley (SOX), GDPR, or HIPAA Show More ##### ## Agentic AI - Financial Reconciliation (1) Autonomous Task Execution Capability to perform complex tasks without constant human input Show More ##### ## Agentic AI - FP&A (Financial Planning & Analysis) (2) Proactive Assistance Anticipates needs and offers suggestions without prompting Decision Making Makes informed choices based on available data and objectives Show More ##### ## Agentic AI - Budgeting and Forecasting (3) Natural Language Interaction Engages in human-like conversation for task delegation Proactive Assistance Anticipates needs and offers suggestions without prompting Decision Making Makes informed choices based on available data and objectives Show More ##### ## AI - Financial Close (5) Autonomous Task Execution Capability to perform complex tasks without constant human input Compliance Uses AI to ensure the following of rules and creates detailed audit trails which helps compliance and audit preparation. Reconciliation Uses AI to match transactions across accounts and systems, and flag exceptions and discrepencies. Data Collection Uses AI to extract, clean, and validate financial data from disparate sources, while identifying errors and inconsistencies. Analysis Generates AI-assisted financial reports and provides thorough analytical insights. Show More ##### ## Additional Functionality (114) Predictive Analytics Predict future data based on historical data sets Multi-Language Manage and support multiple languages Generative AI Use AI to generate content in the form of text, images, videos, etc. Currency Management AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users User Management Manage user accounts, profiles, roles, permissions, and other details across applications, devices or networks Project Management Plan and coordinate all the resources, costs and time needed to execute assignments Risk Management Process of identifying, evaluating, mitigating, addressing and reporting on potential risks or uncertainties Real-Time Analytics Analyze and gain insights into data in real-time Audit Trail A record of all activities within the system, including user access, changes made, etc. Tax Management Implementation of various strategies to manage tax obligations via planning and maintaining compliance Investment Management Manage and handle financial assets as well as other investments. Transaction History Record of all transactions such as purchases, deposits, withdrawals and transfers within a specific period Data Import/Export Import and export data to and from software applications Fixed Asset Management Centralized database to track details of fixed assets such as depreciation and maintenance scheduling/history Mobile Access Access software remotely via mobile devices Transaction Monitoring Monitor or audit historical and current transactions to analyze customer account activities API Application programming interface that allows for integration with other systems/databases Project Time Tracking Measure time to completion or hours worked for projects Projections Estimate or forecast of a future scenario based on the study of present trends Consolidation/Roll-Up Combining loans, assets, liabilities, and other financial data from multiple subsidiary companies into one entity for reporting General Ledger Centralized accounting record which tracks all financial transactions Purchasing & Receiving Workflows that help acquire inventory, issue purchase orders and receive and store items in required quantity Real-Time Monitoring Active monitoring of systems, applications, or networks Configurable Workflow Configure existing workflows to meet your organization's needs Dashboard Creation Creation and customization of dashboards Accounting Built-in accounting to manage ledger, accounts payable/receivable, financial reports, etc. Electronic Payments Electronically collect payments for goods or services Revenue Recognition An accounting principle that identifies the specific conditions in which revenue is recognized and determines how to account for it. Invoice Management Captures invoice data and maintains comprehensive records for auditing and reporting purposes Compliance Management Track and manage adherence to policies for any service, product, process, or supplier "What If" Scenarios Method used in decision-making that allows businesses to input variables to forecast potential outcomes or possibilities Workflow Management Create, design and manage workflows for repetitive tasks Multi-Currency Manage and handle various international currencies Planning Tools Visual Analytics Interact with data visualization elements, such as charts and graphs, to drill down into data Cash Management Process of managing an organization's cash resources, including cash on hand, investments, and bank account balances Customizable Reports Alter the layout and content of reports Bank Reconciliation Compare and match accounting/financial records with corresponding bank statements Invoice Processing Creation, processing, verification, and execution of invoices till the payment is made Multi-Company Manage the accounting and financial aspects of multiple locations or companies in a single location For Investors & Traders Used by retail investors and active traders/day traders Expense Tracking Monitor and record expenses such as purchases or charges incurred Purchase Order Management Create, send, and track purchase orders and their statuses Access Controls/Permissions Define levels of authorization for access to specific files or systems Activity Dashboard Dashboard to view the status of ongoing processes, identify current incidents and track past activities Reporting/Analytics View and track pertinent metrics to find patterns and gain insights from data Alerts/Notifications Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges Billing & Invoicing Create, manage, and send invoices or bills to customers Receipt Management Upload, track, and submit receipts in a central database Profit/Loss Statement A type of financial statement used to record and report an organization's revenues, costs, and expenses over a specific amount of time Income & Balance Sheet A statement detailing the financial position of a business including assets, liabilities, and equity at a certain point in time Cash Flow Management Monitoring, analysis, and projection of the movement of cash into and out of a business over a specific period Data Visualization Graphical representation of data Purchase Order Management Create, send, and track purchase orders and their statuses Expense Management Plan, pay and track business related expenses. Ad hoc Reporting Generate one-off reports that meet information requirements Multi-Company Manage the accounting and financial aspects of multiple locations or companies in a single location Profit/Loss Statement A type of financial statement used to record and report an organization's revenues, costs, and expenses over a specific amount of time Workflow Management Create, design and manage workflows for repetitive tasks Access Controls/Permissions Define levels of authorization for access to specific files or systems Customizable Reports Alter the layout and content of reports Forecasting Form predictions based on past and present data/trends Dashboard Creation Creation and customization of dashboards Self-Service Reporting Allow users to create their own reports and financial statements Multi-Currency Manage and handle various international currencies Financial Management Plan, manage, and track the financial activities of an individual or organization "What If" Scenarios Method used in decision-making that allows businesses to input variables to forecast potential outcomes or possibilities Asset Lifecycle Management Manage assets throughout their lifecycle to optimize profit Strategic Planning At a high level, visualize a preferred outcome, define goals and identify specific steps to achieve them Visual Analytics Interact with data visualization elements, such as charts and graphs, to drill down into data Billing & Invoicing Create, manage, and send invoices or bills to customers Real-Time Reporting Active reporting of data and metrics Reporting/Analytics View and track pertinent metrics to find patterns and gain insights from data Receipt Management Upload, track, and submit receipts in a central database Scenario Planning Develop potential scenarios to identify risks and opportunities Alerts/Notifications Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges Collaboration Tools Provides a channel for team members to share media files, communicate, and work together Version Control Track revisions and updates made to files and navigate between different versions Activity Dashboard Dashboard to view the status of ongoing processes, identify current incidents and track past activities General Ledger Centralized accounting record which tracks all financial transactions Third-Party Integrations Set up connections to third-party platforms to improve business processes Consolidation/Roll-Up Combining loans, assets, liabilities, and other financial data from multiple subsidiary companies into one entity for reporting Drag & Drop Assemble applications and processes by dragging over and arranging pre-built components Income & Balance Sheet A statement detailing the financial position of a business including assets, liabilities, and equity at a certain point in time Multi-Department/Project Manage the accounting and financial aspects of multiple operations and departments or ongoing projects from a single location Accounting Built-in accounting to manage ledger, accounts payable/receivable, financial reports, etc. API Application programming interface that allows for integration with other systems/databases Chart of Accounts A financial statement that lists a company's accounts and details the account type and balance AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users Cash Management Process of managing an organization's cash resources, including cash on hand, investments, and bank account balances Third-Party Integration Addition of necessary external data, applications, tools, or features Reporting/Analytics View and track pertinent metrics to find patterns and gain insights from data Audit Trail A record of all activities within the system, including user access, changes made, etc. Visual Analytics Interact with data visualization elements, such as charts and graphs, to drill down into data Income & Balance Sheet A statement detailing the financial position of a business including assets, liabilities, and equity at a certain point in time Profit/Loss Statement A type of financial statement used to record and report an organization's revenues, costs, and expenses over a specific amount of time Financial Reporting Generate reports to assess the financial performance of an organization Generative AI Use AI to generate content in the form of text, images, videos, etc. Multi-Currency Manage and handle various international currencies Alerts/Notifications Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges Accounting Integration Integrate with a third-party accounting system General Ledger Centralized accounting record which tracks all financial transactions Multi-Country Pay employees in multiple countries using correct currencies and correct tax deduction amounts Dashboard Assembly of graphs and charts for visualizing and tracking statistics/metrics AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users Cost Database Collection of data related to the costs associated with various items, products, services, or activities Financial Templates Checklists An itemized to do list that can be edited as tasks are completed Receivables Ledger A list of customers and their payments due updated on a monthly basis Multiple Projects Ability to handle several projects simultaneously Accounts Receivable Track outstanding invoices and the money owed from clients Accounts Payable Track money owed to a company's creditors/suppliers Budgeting/Forecasting Create budgets based on historical data and future projections Show More ## Top-Rated Alternatives [ ![OneStream - Unified EPM](https://images.g2crowd.com/uploads/product/hd_favicon/5ec63a5557c29c5994cb79aed3957834/onestream-unified-epm.svg "OneStream - Unified EPM") OneStream - Unified EPM 4.6/5(160) ](https://www.g2.com/products/onestream-unified-epm/reviews) [ 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