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CCH Tagetik

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Company health

Employee growth
2% increase in the last year
Web traffic
3% increase in the last quarter
Financing
October 2023 - $656M

Ratings

G2
4.4/5
(59)
Glassdoor
3.7/5
(4259)

CCH Tagetik description

CCH Tagetik, by Wolters Kluwer, is a software platform designed to unify financial data and processes for improved financial planning and analysis. It provides tools for financial close, consolidation, budgeting, forecasting, reporting, and compliance activities. Designed for medium and large businesses, it aims to streamline financial processes, reduce risk, and improve data insights. CCH Tagetik offers flexible deployment options, including SaaS, private cloud, and on-premise installations.


Who is CCH Tagetik best for

CCH Tagetik is ideal for medium to large businesses aiming to unify financial data and processes. Users appreciate its ease of use, integration capabilities, and comprehensive solutions for regulatory reporting. However, some find the loading times slow and customization limited. We think it is a strong solution for those seeking a robust consolidation engine and a single source of truth for group reporting, especially in finance and accounting.

  • Perfect for large enterprises (1001+ employees). Good fit for medium businesses (101-1000 employees).

  • We find that CCH Tagetik streamlines financial processes particularly well for the Finance, Banking, and Insurance industries.


CCH Tagetik features

Supported

Intelligent Platform: The CCH Tagetik Intelligent Platform is your corporate performance management (CPM) power center. This award-winning software connects finance and operational teams while automating all CPM processes from end-to-end. As your one-stop shop for CPM, the CCH Tagetik Intelligent Platform streamlines all financial processes, from the financial close to planning to analytics and regulatory, from data input to the final report.

Supported

Financial Close & Consolidation: Financial Close & Consolidation: Close faster and more accurately with end-to-end automation, real-time insights, and drill-down capabilities.

Supported

Budgeting, Planning & Forecasting: Budgeting, Planning & Forecasting: Create accurate budgets and forecasts across your entire organization with advanced scenario planning and what-if analysis capabilities.

Supported

Extended Planning & Analysis (xP&A): Extended Planning & Analysis (xP&A): Make more informed business decisions with in-depth, driver-based analysis capabilities, robust reporting, and powerful dashboards.

Supported

Lease Accounting IFRS 16/ASC 842: Lease Accounting IFRS 16/ASC 842: Simplify lease accounting and ensure compliance with leasing regulations.

Supported

Disclosure Management: Disclosure Management: Create accurate and compliant financial reports quickly and easily, freeing up your team's time for higher-value tasks.

Supported

ICSA: ICSA: Improve collaboration between the office of the CFO and the office of the corporate secretary with streamlined processes and a secure platform.


CCH Tagetik reviews

We've summarised 59 CCH Tagetik reviews (CCH Tagetik G2 reviews) and summarised the main points below.

Pros of CCH Tagetik
  • Easy-to-use interface, especially for reporting.
  • Excellent integration with other ERPs and business systems.
  • Flexible and scalable, adapts to business needs.
  • Comprehensive pre-packaged solutions, especially for regulatory reporting.
  • Strong customer support and helpful consultants.
  • Workflow management and process cockpit for efficient process management.
  • Robust consolidation engine.
  • Good data quality and auditability.
  • User-friendly Excel add-in for reporting.
  • Provides a single source of truth for Group Reporting.
Cons of CCH Tagetik
  • Slow loading times, especially for calculations and allocations.
  • Lack of warnings for data uploads that are not in the master data.
  • Excel add-on can be slow.
  • Steep learning curve, requires experience or coworker guidance.
  • Limited customization options for some functions, making achieving specific results difficult.
  • Not very intuitive ad hoc analysis.
  • Knowledge base navigation can be difficult.
  • Reporting tools could be improved with more interactive elements.
  • Limited integration with other systems.

CCH Tagetik alternatives

  • Logo of Planful
    Planful
    Cloud FP&A software for faster, smarter financial planning.
    Read more
  • Logo of OneStream
    OneStream
    Unified finance platform for planning, reporting, and analysis.
    Read more
  • Logo of Anaplan
    Anaplan
    Connected planning platform for faster, smarter business decisions.
    Read more
  • Logo of Workday Adaptive Planning
    Workday Adaptive Planning
    Business planning software for smarter decisions and faster growth.
    Read more
  • Logo of IBM Planning Analytics
    IBM Planning Analytics
    AI-powered planning and analysis for faster, better decisions.
    Read more
  • Logo of Board
    Board
    Unify business planning, analysis, and execution in one platform.
    Read more

CCH Tagetik FAQ

  • What is CCH Tagetik and what does CCH Tagetik do?

    CCH Tagetik by Wolters Kluwer is a unified software platform for corporate performance management. We find it streamlines financial processes like closing, budgeting, forecasting, and reporting. It's designed for medium to large businesses and offers flexible deployment options, including cloud and on-premise.

  • How does CCH Tagetik integrate with other tools?

    CCH Tagetik excels at integrating with other ERPs and business systems, creating a seamless flow of financial data. We find this particularly helpful for streamlining processes like financial close and reporting. While some users mention limited integration with certain systems, overall, it offers strong integration capabilities.

  • What the main competitors of CCH Tagetik?

    We find that CCH Tagetik's main competitors include OneStream, Planful, Anaplan, Workday Adaptive Planning, IBM Planning Analytics, and Board. These platforms offer similar financial planning, analysis, and reporting capabilities.

  • Is CCH Tagetik legit?

    CCH Tagetik by Wolters Kluwer is a legitimate software platform. We find that it's a robust tool for financial planning and analysis, used by many businesses worldwide. It's generally well-regarded for its features and functionality.

  • How much does CCH Tagetik cost?

    I'm sorry, but pricing information for CCH Tagetik is not available at this time. Contact the vendor directly to get a personalized quote.

  • Is CCH Tagetik customer service good?

    We find that CCH Tagetik's customer service is generally considered excellent by users. Many reviews praise the helpful and proactive support team, particularly during implementation and ongoing use. While some documentation gaps are noted, the overall sentiment towards customer service is positive.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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