CCH Tagetik Reviews

“Tagetik features for closing

Pros

Quick integration with SAP 4 Hana, simple to use and implement, adaptable and scalable solution.

Cons

Conducting ad hoc analysis to create flexible reports is not simple and is only suitable for specific, non-repetitive purposes.

“The one and only CPM tool

Pros

Simple for end-users, easy maintenance for the CFO office.

Cons

Navigating and retrieving information within the knowledge base is challenging.

“Easy to use tool with endless possibilities

Pros

Very easy to navigate with a modern interface.

Cons

Making changes can be complicated due to the tool's complex backend.

“Very useful and very hard

Pros

Extremely useful for budget management, especially for large money transfers between users, even over 1,000,000.

Cons

Learning to use it requires a special consultant, as an operating manual would be excessively lengthy.

“Web based group reporting

Pros

Simple to operate with robust features, and excellent Excel integration.

Cons

The help screens are generally useful, but the English is subpar.

“very useful software

Pros

I like the automation feature that saves a lot of time, and the interface is easy to master.

Cons

I had an excellent experience with CCH Tagetik and highly recommend it.

“CCH Tagetik allows us to become the "best in class" finance department, supporting citizenM's growth

Pros

As a rapidly expanding global hotel company, citizenM deals with various currencies, GAAP standards, ownership percentages, mergers, etc. CCH Tagetik simplifies budgeting, consolidation, and reporting complexities.

Cons

The solution can be tailored to customer preferences, offering many possibilities. This requires detailed system knowledge or external consultants for configuration adjustments. We faced challenges with the transaction matching module's connectivity (API vs. FTP), but Tagetik's support was excellent.

“TGK Feedback IS

Pros

Tagetik is built on a reliable system, ensuring accurate information.

Cons

The training process is quite difficult to manage.

“Why Tagetik can elevate your business

Pros

Having both administration and development handled by the business greatly enhances power users' understanding.

Cons

Performance for large processes, like mid-term planning, can be somewhat slow.

“Great consolidation software with outstanding support team

Pros

Reliable, easy to use, and has an excellent support team.

Cons

The Excel add-on can be sluggish at times.

“First time EPM user reviews CCH Tagetik

Pros

The reporting features are intuitive and simple, with drag-and-drop functionality for creating reports and easily maintaining complex filters dynamically. The user interface is visually pleasing, simplifying the closing process.

Cons

Execution times can be slow for certain processes, possibly due to complex calculations or external factors such as simultaneous user activity.

“Impressive system to handle close, consolidations, and planning

Pros

The system is incredibly simple for both technical and non-technical staff. It offers a broad range of out-of-the-box features to start immediately, yet is highly adaptable for business scaling.

Cons

The product is generally intuitive for customer-facing portions. However, new developments should be better promoted so customers can stay current and benefit from updates.

“Great product, highly customizable to your needs

Pros

This basic product allows us to tailor it to our needs, with extensive built-in functionality for financial planning and reporting. SaaS implementation is quick and easy.

Cons

The specialized nature of the product makes it costly and difficult to find consultants or developers. Too much customization complicates data flow and processes. We faced some performance issues during implementation but have not encountered them in production so far.

“Excellent for budgeting and planning

Pros

Excellent for budgeting, planning, and generating financial reports for all business areas.

Cons

There's a significant amount to grasp initially, leading to a steep learning curve.

“CCH Tagetik - Planning and management control system

Pros

In one environment, we can reconcile management data with accounting and forecast data, creating customized environments.

Cons

Customization is difficult and time-consuming.

“Good to communicate

Pros

It keeps everyone updated at once.

Cons

Servers down a lot.

“I love the software

Pros

It has made things so much easier for us and saved me a lot of time personally.

Cons

None.

“It simplified a lot of processes.

Pros

Our data is synthesized in one place.

Cons

Customizing things takes a while to do.

“Robust Software with a little room for improvement

Pros

Cloud-based software with minimal downtime.

Cons

The structure is not particularly intuitive. Many elements are coded in Italian, which poses challenges.

“Decent

Pros

A lot of the features surprised me pleasantly.

Cons

It could do with more refining.

“Tagetik review 2019

Pros

After implementing Tagetik, our first budgeting year showed a radical improvement in our workflow, data speed, user-friendliness, and reliability. Quarterly closings and consolidations became much cleaner and faster.

Cons

The original project was complex regarding revenue generation, cash flows, and intercompany declarations. We had to revert to using Excel modeling outside the system, making budgeting and forecasting more time-consuming and less simple.

“Tagetik CPM solution for strategic planning

Pros

Tagetik allows users to customize dimensions and calculation functions, define workflows, and track user operations for audits.

Cons

Sometimes, the system doesn't allow for easy setting changes, so it's best to define requirements clearly. System performance can sometimes be optimized.

“Extremely flexible

Pros

Easy for end-users, excellent for consolidation, broad reporting functions, and a single data source with validation processes ensure accuracy.

Cons

Regular updates are necessary to maintain performance standards, as it can be slightly buggy at times. However, Tagetik is committed to improving it.

“Great Customer Service/Accuracy with Consolidation

Pros

CCH Tagetik provides excellent customer service, always ready to help. Switching to their consolidation tool reduced human error and improved financial accuracy.

Cons

Data retrieval speed could be faster, though this might be due to our company needing server upgrades.

“Flexible and Comprehensive CPM Solution

Pros

The platform offers everything we needed and more. Service and support have been outstanding, making our solution more efficient and providing better data faster.

Cons

I wish the documentation were more comprehensive. The pricing structure is a bit odd and complicated; I'd like to see it streamlined.

“Our experience started in 2006 and in September 2007 we have had the first go-live.

Pros

Flexible, scalable, easy reporting with ad-hoc creation opportunities for each contributor, a single database for management data, statutory consolidation, budgeting, forecasting, and the ability to view economic and financial data for each project through hierarchies.

Cons

Sometimes it lacks flexibility, and you have to adapt your needs to its structure. I'd like more opportunities for different sensitivities without creating separate scenarios.

“Smart and easy to use

Pros

I enjoy making reports autonomously using the Excel interface, which is simple and intuitive. The process cockpit is also very helpful for managing processes.

Cons

I don't care for the SQL query tool in the Excel reporting interface. I prefer the traditional SQL Server tool.

“Is a good product highly appreciated by users

Pros

It is a solid product that users highly like for its simplicity and excellent Excel integration.

Cons

I believe there should be a focus on enhancing SAP integration and cutting down on licensing expenses, as the software solution is quite expensive.

“I use Tagetik for financial reporting and consolidation, budget and demand planning.

Pros

Tagetik Consolidation is a robust financial consolidation solution. In other areas of my experience, it is less strong, but it can be customized to meet complex requirements.

Cons

Not all modules are strong; some require extensive customizations during implementation.

“I've been learning for a year

Pros

I like the simplification of databases, the layering of data, and the ability to avoid copying the same data multiple times.

Cons

Sometimes it lacks clarity; reporting tools could be improved, and the data model is intricate and not easily understood.

“Tagetik a powerful tool for your CPM Processes

Pros

The software is simple and extremely helpful for our internal processes of budgeting, planning, closing, and managerial consolidation.

Cons

The software is less effective when you need a function that isn't set by default, making it harder to achieve the desired results. This happens occasionally.

“Tagetik

Pros

The software is simple and extremely useful for our internal processes of budgeting, planning, closing, and managerial consolidation.

Cons

The software struggles when a non-default function is needed, making it more challenging to get the expected outcomes. This only happens infrequently.

“a reliable software for your daily business

Pros

I like this software's complete integration for consolidation, from automated eliminations to multiple reporting standards.

Cons

Reporting tools could be enhanced with interactive elements based on the current relational model.

“The initial understanding is rather difficult, but in general positive Experience

Pros

I value the versatility and ability to create and manage reports automatically, having a clear view of overall performance, and the ease of uploading and managing data.

Cons

The process of implementing new reports is convoluted, and the sections dividing activities aren't always clear. The software often encounters issues with PC operating system updates, which slows down linked documents and causes malfunctions in Word and Excel.

“The general experience is very positive. After a settling period, we are now 99% independent. Numero

Pros

The functionality is excellent, making the consolidation and reporting process modern and collaborative. The Financial Reporting feature is particularly beneficial.

Cons

Some specific complexities are hard to grasp, with some technical aspects being cumbersome. The ease of use could be improved.

“Tagetik platforms offers great potential for your business, if you learn to use them well

Pros

It has specific and powerful functionalities tailored for the insurance industry (Solvency II, IFRS, Narrative, etc.).

Cons

There's limited integration between the two Tagetik platforms, APM and CPM. This should be addressed soon.

“Tagetik is not just a software but much more

Pros

Tagetik offers an integrated solution for all your performance management needs, Solvency II reporting, IFRS, and more.

Cons

For our company, the primary drawback of Tagetik is the lack of native integration with their APM software.

“I have managed many projects of statutory and managerial consolidation financial statements

Pros

There is always a customer-tailored solution built together, and technical support is efficient and available whenever needed.

Cons

Sometimes, the logic behind processes seems more complicated than necessary. Simplification would be beneficial.

“Good product, Tagetik offer different features & functionality and it's easy to maintain

Pros

Our company benefits from having a unique chart of accounts, the ability to simulate different budgets and scenarios, and comprehensive financial planning.

Cons

With our version (4.3.2), printing books to PDF isn't possible, and we don't have a dashboard. We're also limited by the report matrix's flexibility.

“Good experience about IT solution

Pros

Having all data available for consolidation and vigilance reports in a single environment, with direct person-to-person assistance, is invaluable.

Cons

There's been a continuous increase in the time required for consolidation, and support via Jira hasn't been satisfactory.

“The purpose of the project was challenging but the results were met

Pros

The software provides great flexibility to meet all company needs and covers all our business processes.

Cons

During implementation, too many complex customizations were added, and we received very few technical manuals.