CCH Tagetik provides a dynamic consolidation engine with currency translation, a unified platform, and easy Excel integration, streamlining complex financial tasks without needing programming expertise.
| Product | Mindshare (%) |
|---|---|
| CCH Tagetik | 4.1% |
| Anaplan | 6.8% |
| Adaptive Insights | 5.0% |
| Other | 84.1% |
| Company Size | Count |
|---|---|
| Small Business | 3 |
| Large Enterprise | 4 |
| Company Size | Count |
|---|---|
| Small Business | 75 |
| Midsize Enterprise | 45 |
| Large Enterprise | 211 |
Known for its on-the-fly consolidation engine, CCH Tagetik is appreciated across finance departments for simplifying financial processes. It features a unified, scalable platform that allows seamless integration with Oracle. The software offers automatic validations, assisting users in reconciling financial statements. Its user-friendly approach supports diverse levels of technical knowledge, making it adaptable. However, challenges exist with response times in larger databases and clarity in analytics features. The ETL process requires improvements, and comprehensive report generation can be cumbersome. Response time and data upload errors demand attention, particularly for companies handling large-scale budgeting, planning, and forecasting.
What Are the Key Features of CCH Tagetik?In industries focused on managerial consolidation, budgeting, and forecasting, CCH Tagetik stands out for its capability to generate comprehensive reports and structured forms. It provides flexible financial planning and data integration tools, essential for managing large operations. Clients often rely on external consultants to facilitate data preparation and integration, enhancing their proficiency in using the software for financial decision-making.
CCH Tagetik was previously known as Tagetik.
| Author info | Rating | Review Summary |
|---|---|---|
| CTO at Grupa Wirtualna Polska | 4.5 | As an external consultant, I support an insurance company using CCH Tagetik for data preparation and integration. CCH Tagetik offers valuable integration features, but improvements are needed for report generation and error highlighting. We chose it over Oracle HFM for broader functionality. |
| Senior EPM Consultant at Solution BI France | 4.0 | I've been designing a financial planning solution like CCH Tagetik for diverse client needs, valuing its user-friendly Excel integration and workflow features. However, complex settings could be more manageable. Overall, it's preferable to Oracle TBE for ease of use and communication. |
| Tagetik Consultant at VetriVa Enterprise Solutions | 4.0 | I use CCH Tagetik primarily for creating detailed reports and forms. Its form creation feature is particularly valuable, although we have encountered challenges when uploading data. I have not considered other solutions or cloud providers for deployment. |
| Consultant at a tech consulting company with 1,001-5,000 employees | 2.5 | I have worked with CCH Tagetik as a consultant, appreciating its unified platform and storage capabilities. However, its major drawback is the ETL process, which lags behind other solutions. The workflow feature can also become overly detailed without clear guidance. |
| Director at a consultancy with 10,001+ employees | 4.0 | I use this solution for managerial consolidation and BPF. Its APM is powerful for data and calculations. However, I find the analytics function weak and less clear than competitors. |
| IT Project Manager at a financial services firm with 1,001-5,000 employees | 4.0 | I find it user-friendly and great for automating processes, despite some stability issues and slow elaboration. Initial setup was complex, requiring a consultant, but customer support is very good. Initial analysis is crucial. |
| Partner at a consultancy with 51-200 employees | 4.5 | I find Tagetik a powerful, complete solution with dynamic on-the-fly consolidation, greatly reducing closing cycles. While large databases can impact report response times, customer service is excellent and patches are quick, making it a stable choice. |
