User Reviews Overview
About CCH Tagetik
CCH Tagetik is a unified BI and accounting software that helps to optimize financial and operational planning. The solution also shortens the consolidation and closing process and allows users to analyze results, model, as well...
Learn moreAll CCH Tagetik Reviews Apply filters
Browse CCH Tagetik Reviews
All CCH Tagetik Reviews Apply filters
- Industry: Insurance
- Company size: 51–200 Employees
- Used Daily for 2+ years
-
Review Source
Great consolidation software with outstanding support team
Pros
Reliability, ease of use, great support team
Cons
The excel add-on is a bit slow sometimes
- Industry: Machinery
- Company size: 10,000+ Employees
- Used Daily for 2+ years
-
Review Source
The one and only CPM tool
Pros
Easy of use for final users, ease of maintenace for CFO office
Cons
Difficult navigation/retrieval of information within knowledge base
Reasons for Choosing CCH Tagetik
End of life of SAP BPC, no viable replacements available from SAPSwitched From
SAP Business Planning and Consolidation- Industry: Insurance
- Company size: 51–200 Employees
- Used Weekly for 6-12 months
-
Review Source
Excellent for budgeting and planning
Pros
Really great for budgeting and planning work and for generating financial reports for all areas of our business.
Cons
There's quite a lot to get your head around when first using it. A bit of a learning curve!
Top CCH Tagetik Alternatives
- Industry: Hospitality
- Company size: 1,001–5,000 Employees
- Used Monthly for 2+ years
-
Review Source
CCH Tagetik allows us to become the "best in class" finance department, supporting citizenM's...
citizenM is a rapidly growing hotel company. As a finance department we need to facilitate and support this growth, a.o. by using agile, efficient, scalable, SaaS software. Our goal is to become the "best in class" finance department. We use CCH Tagetik for budgeting, reporting and consolidation already for a couple of years and it fits into the picture perfectly. And to speed up our (monthly / quarterly) close we recently implemented the transaction matching and account reconciliation modules.
Pros
citizenM is a fast growing, global hotel company. We deal with different currencies, GAAP standards, ownership percentages, mergers, et cetera. CCH Tagetik eases this complexity when it comes to budgeting, consolidation and reporting.
Cons
The solution could be customized according to the customers wishes, it offers lots of possibilities. This requires detailed knowledge of the system internally (or external consultants) when the configuration requires adjustments.We experienced some challenges during the implementation of the transaction matching module related to the connectivity (API vs. FTP). The support from Tagetik on this has been excellent.
Alternatives Considered
BlackLineReasons for Switching to CCH Tagetik
We use CCH Tagetik for budgeting, reporting and consolidation already for a couple of years. And to speed up our (monthly / quarterly) close we recently implemented the transaction matching and account reconciliation modules from CCH Tagetik. We also investigated other tools, for example Blackline. The main advantage of CCH Tagetik is it's connectivity, the possibilities to customize the tool, customer support is excellent. For us it was also an advantage to not have another tool since we were already using CCH Tagetik.- Industry: Newspapers
- Company size: 5,001–10,000 Employees
- Used Daily for 2+ years
-
Review Source
Why Tagetik can elevate your business
Excellent experience with a great implementation partner.
Pros
The fact that the administration and the developement can both be done by the business enhances the understanding of the power users a lot.
Cons
The performance of big processes (e.g. mid-term planning) can be on the slower side.
Reasons for Switching to CCH Tagetik
We already had a Tagetik implementation in place (Legal consolidation) and the pricing was superior.- Industry: Construction
- Company size: 1,001–5,000 Employees
- Used Monthly for 2+ years
-
Review Source
Tagetik features for closing
Tagetik has deeply changed closing process, from a system that enables all the company of the group contribute to reporting to a fast and reliable solution full integrated bot with ERP system and disclosure documents.
Pros
Fast integration with SAP 4 Hana, easy to use and implement, flexible and scalable solution.
Cons
Not easy use of ad hoc analysis to build flexible reports only for specific and not repeatable purposes
- Industry: Medical Devices
- Company size: 1,001–5,000 Employees
- Used Weekly for 1+ year
-
Review Source
Easy to use tool with endless possibilities
We are preparing the group financial statements. We saved some time for the local entities as they can upload data directly from the ERP. The consolidation and reconciliation process is much smoother on the group level.
Pros
Very intuitive to use and has a modern interface
Cons
Changing something could become complicated as the tool is rather complex on the back end.
- Industry: Financial Services
- Company size: 10,000+ Employees
- Used Daily for 2+ years
-
Review Source
Very useful and very hard
Pros
The fact that it's very useful to manage your budget expecially in the money transfer from a user to another, even when you transfer more than 1000K€
Cons
The fact that you need a special consultant to learn how to use it: an operating manual would be too long
- Industry: Construction
- Company size: 10,000+ Employees
- Used Daily for 2+ years
-
Review Source
It does an awful lot
I've used Tagetik for 3 years now and I find it to be a very flexible system, it's at times too complex because it offers so much. It is very reliable and the data structure is relatively easy to understand. It is also a pretty seamless integrating Tagetik with other software using one of the many standardized ETLs.
Pros
Can cater for pretty much any scenario with new features being added all the time.
Newer versions of the software are very impressive, some of the additions i.e. Tagetik data analytics look amazing.
They offer a lot of support through a Tagetik community and Tagetik Insiders. The social community is growing very fast.
Cons
Some parts of the system, in particular, the native Excel reporting is difficult to understand.
It is quite expensive.
- Industry: Insurance
- Company size: 1,001–5,000 Employees
- Used Daily for 6-12 months
-
Review Source
Tagetik; My Experience
The company I work for is a health Insurance company with around 2300 employees.
We started to use Tagetik since 2015 and the reason to do so is to simplify our reporting process. By using Tagetik we are able to deliver our reports faster and with a much better quality.
For now, we are even planning to start using budgeting and planning, which is on the calendar for 2017.
Pros
1. Easy to use; the learning curve is big.
2. Great customer support with updates about the status.
3. Good knowledge and support by Tagetik consultants and third party consultants
4. Fast software.
Cons
1. Lay out a bit confusing; some menu options can be/should be placed clearer and on better places in the menu bar.
2. PDF Manuals are very basic. They should be written in a more practical way and with examples.
- Industry: Automotive
- Company size: 201–500 Employees
- Used Daily for 2+ years
-
Review Source
Impressive system to handle close, consolidations, and planning
We use CCH Tagetik for financial close, consolidations, financial reporting, other management reporting, and budgeting/planning/forecasting. Some of our planning uses include revenue modeling, wage modeling, asset planning, cash flow forecasting, and allocations. CCH Tagetik can do so much and is easy to use, so our users and administrators are always eager to do more with it.
Pros
The system is extremely easy to use for technical and non-technical personnel. The system also has a wide range of out of the box features to get started right away, while also being extremely flexible in case you want to scale the product with your business.
Cons
The product is generally extremely intuitive for the portions that a customer would use or be familiar with. That being said, new developments should be promoted more, in order for customers to keep up with the system and take advantage of the changes.
- Industry: Automotive
- Company size: 1,001–5,000 Employees
- Used Daily for 1+ year
-
Review Source
TGK Feedback IS
Problems or challenges have been solved with a fast response of TGK team
Pros
Tagetik is a system base and build with the enough trust that the information will be ok.
Cons
The training process is not very easy to handle
- Industry: Construction
- Used Daily for 2+ years
-
Review Source
Tagetik is maybe a little too good.
Tagetik is a wonderfully flexible product which we use for contract forecasting, year end statutory accounts and monthly management accounts production.
Pros
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.
Cons
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.
- Industry: Banking
- Company size: 1,001–5,000 Employees
- Used Daily for 2+ years
-
Review Source
CCH Tagetik - Planning and management control system
Pros
In a single environment we can have management data reconciled with accounting data and forecast data. It is possible to create customized environments.
Cons
customization is not so easy and takes time
- Industry: Utilities
- Company size: 10,000+ Employees
- Used Daily for 2+ years
-
Review Source
Tagetik a powerful tool for your CPM Processes
Pros
The software is very easy to use and really helpful with our internal processes of Budgeting Planning Closing and Managerial Consolidation.
Cons
The software is less good when you need some function that is not a default set. In this case, it is more difficult to achieve your expected results. This occurs just a few times.
- Used Daily for 2+ years
-
Review Source
I have managed many projects of statutory and managerial consolidation financial statements
Pros
There is always a solution tailored on the customer needs built together. Technical support is efficient and available in every moment.
Cons
Sometimes some logics in the processes seem to be more complicated than they are. More simplification can be useful.
- Industry: Transportation/Trucking/Railroad
- Company size: 1,001–5,000 Employees
- Used Daily for 2+ years
-
Review Source
Tagetik, my reporting tool
The software offers a wide range of analytical tools, and is very straightforward for reporting purposes. It is very useful for reconciliations and tidying up the accounts.
Pros
Flexibility, quick, reliable and user-friendly
Cons
implementation and set-up costs are substantial
- Used Daily for 6-12 months
-
Review Source
The initial understanding is rather difficult, but in general positive Experience
Pros
Versatility and the ability to create and manage reporting reporting automatically. Possibility to have a clear point about overall performance and Ease in uploading and managing data.
Cons
Wrapped up is the process of implementing new reports, and the sections in which the various activities are divided are not always very intuitive. Sotware also often has operating issues related to PC operating system upgrades, it makes the ducumes and the word and excel pages heavy to which it is linked, causing malfunctions.
- Industry: Electrical/Electronic Manufacturing
-
Review Source
Unified Corporat Management Solution
Pros
Keeps track of the latest CPM functionalities and embed them in the system. Great workflow, BI real-time, Integration to third part tools, scalable, easy to use and understand for end users. Transparent processes and functionalities for the user to administrate and maintain the system.
Cons
Too easy to expand the use of! More than 6 financial and non-financial processes are now transformed in to Tagetik applications.
- Used Weekly for 2+ years
-
Review Source
The general experience is very positive. After a settling period, we are now 99% independent....
Pros
The great functionality and the ability to make the consolidation and reporting process contemporary and collaborative. The Financial Reporting feature (last mile).
Cons
There are some specific complexities that are difficult to understand, some technicalities a bit cumbersome. Ease of use to improve
- Used for 2+ years
-
Review Source
Good experience about IT solution
Pros
The possibility to have all the data available for consolidation and Vigilance Reports on a unique environment . Direct assistance person to person.
Cons
Continuos increase of consolidation duration time and not satisfactory assistance with support Jira
-
Review Source
Putting control of finance reporting where it belongs - with finance
When we decided the time had come to though away hundreds of spreadsheets and impliment a proper CPM solution we went through all the normal vendor selection processes. The result was selection of Tagetik.
It's ease of use, yet incredible power were what drove our decision.
The fact that complex reporting, budgetting, forecasting can now all be controlled by the finance team themselves and not have to be reliant on "tech expertise" has made a masive difference to how we do things.
We have not looked back
- Industry: Construction
- Company size: 1,001–5,000 Employees
- Used Monthly for 2+ years
-
Review Source
Reporting stability, good support, attention to customer needs
We are using Tagetik for three differenr issues; Reporting, Production costs, Financial consolidation. I'm writing only about the firs two issues given that we ahve set up the programs in three different environment, whic is the main problem regrding Tagetik in our company. If we could start over I would like to integrated our software. A part of this we are happy with Tagetik for its flexibility, stability and support to our function,
Pros
Stability
Cons
Flexibility
-
Review Source
Planning and management control system with Tagetik
The experience of using Tagetik was great.
With Tagetik we created a planning and management control system. Thanks to Tagetik we now plan better and faster; with respect to the actual data instead we now have a more transparent link between the accounting data and management data as well as the ability to have a multidimensional view of data.
- Industry: Management Consulting
- Company size: 1,001–5,000 Employees
- Used Monthly for 1-5 months
-
Review Source
Targetik is smart and effective tool for financial reporting
One of the best features of this software is that it can be developed in a lesser amount of time to handle large volumes of data and thereby provide solutions to complicated processes in lesser time. It is easily integrated with MS Office Suite and thus a step-by-step data entry procedure can be setup easily. This data is stored in a consistent database which can be analyzed and then the program can be used to implement what-if analysis to draw results for the previous closing period. Changes can be made easily and thus any alterations in the P&L and Balance Sheet are visible dynamically.
The possible limitation of the tool may include a significant time required to get familiarized with the system and thus speeding up the process initially is difficult. An improved customer service will be much appreciated in which Tagetik provides customized support to businesses based on their environment.
Targetik is a good tool for large companies with many small subsidiaries. The environments can be programmed suited to the needs of the business which makes it a versatile tool for ERP solutions and for consolidated financial reporting.
