CCH Tagetik Reviews

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.