CCH Tagetik Reviews

I really like the automation feature which saves a lot of time and the user interface is easy to master

I had a very good experience with cch tagetik I will recommend it

The ability to warehouse, pull, and update large volumes of data.

The inability to easily create or modify reports plus the trouble successfully running complex reports with more than one analysis build in.

Tagetik has succeded to develop a Corporate Performance Management system which can fullfill the reporting needs (including legal compliance requests) of a great number of companies. Doesn't matter if you are a small firm or a large company, if you are an industrial company or a service provider. Tagetik offers a scalable solution which can easily implemented on your existing transactional applications, creating a consistent set of data which can be used for different proposals such as the draft of the financial statements, or a reporting package for internal use, or even a CSR report. Moreover the integration with the MS Office suite application (such as Word, Excel and Powerpoint) establish a familiar interface, thus empowering the day-by-day activity of data entry, report creation and data analysis. Last but not least, one of the key factors that make Tagetik your choice for your financial reporting activities resides in its consultants, who are focused on delivering a solution which fits perfectly to your requests. When you buy Tagetik you don't only buy a software. You buy a valuable service for your business.

Like any business software, Tagetik needs to be updated in order to increase its performance and to meet the hardware and software standards always evolving. If you are looking for a "one-shot investment" which could solve all your problems for the next 10 years look elsewhere. Even if it means that you are still running Office 97 on a Windows XP machine. And even if I'm not sure you are going to find what you are looking for.

After the Tagetik implementation was closed and we could launch out first budgeting year with it, we saw a radical change in the way we work, how fast we get the data, how easy the users work with it, how clean and reliable it was. The quarterly closings and consolidations have become so much neater and faster.

The original project was a lot more complex on the revenue generating side, the cash flows, the intercompany declarations, which we had to give up doing directly in Tagetik and instead loading them through Excel modeling done outside the system. Clearly budgeting and forecasting from a flow point of view takes longer because it's not a "update a number, push the button, system is updated" anymore.

It's very flexible, the software can cater for almost any process quirk you can throw at it. The interfacing process between other software solutions is pretty seamless and the data structure is relatively simple to understand.

Because the software can cater for so many different solutions it has an awful lot of inbuilt complexity and it's very tricky to navigate the program at times (especially for administrators) and the report building process is very complex.

CCH Tagetik has amazing customer services. They are always willing to help whenever we have a question. We also switch to CCH Tagetik consolidation tool and this has eliminate a lot of human error and has strengthen our financials on accuracy.

The speed to retrieve data could be faster. Now, this could be our company needing to upgrade servers.

6 years of history with our Tagetik journey
Four upgrade almost without any pain.
Easy to maintain and administrator. Super end user friendly - finance people loves it's excel

Easy to get carried away to do too many changes

There is always a solution tailored on the customer needs built together. Technical support is efficient and available in every moment.

Sometimes some logics in the processes seem to be more complicated than they are. More simplification can be useful.

In a single environment we can have management data reconciled with accounting data and forecast data. It is possible to create customized environments.

customization is not so easy and takes time

Flexibility, quick, reliable and user-friendly

implementation and set-up costs are substantial

Awesome product, supplier easy to work with (a big bonus). Probably the best joint decision Finance and Technology have ever made regarding choice of core systems. Simple to use. Highly intuitive and puts control firmly into the Office of Finance removing the reliance on technology to deliver reports. Saved a huge amount of time on our month end processes.

Deep dive into the database and the fieldnames are in Italian, but then the company is based in Lucca, so this is to be expected.

I have followed step by step the implementation of Tagetik in our headquarter and I find it very simple and powerful.
It guides simple users during the consolidation process and it is very powerful for power-users. You can use it with a lot of level of options.
Tagetik is a fresh company: care of the customers and focused on the future!

As I know the software from the installation I don't have any bad note, but I find the internal (from the software) help documentations poor for some functionality.

I really like the simplicity of use of the software as well as the friendly relationship and professionalism that is formed with the vendor

The thing I like least is the part related to the definition of multiphase processes, but this is one small exception

Software is easy to use with Excel front end. Company is supportive and knowledgeable.

Not much. A few years ago there were some translation issues, but not much now that they have a bigger presence in the US

Easy to use for the end user, great for consolidation, broad reporting functionalities and the combination of a single data source and validation processes ensure accuracy.

It has to be updated regularly to ensure performance standards since it can be slightly buggy at times, but Tagetik takes their responsibility to keep working on it.

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.

Not all of the modules are robust, in some cases to much customizations are required during implementation.

The reporting features, are intuitive and simple to use, drag and drop to create report and complicated filterings can be maintained easily by using it dynamically. User interface is asthetically pleasing, making the closing process easier to navigate, follow through and fast.

The execution running time can sometimes be slow for certain processes. Maybe it could be due to complex calculations or maybe there are external factors in play behind the software (other user performing the same thing at the same time)

Simple to use.
Very intuitive.