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CCH Tagetik

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Last updated on

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 by Wolters Kluwer unifies financial data and processes for better planning and analysis. Users praise its ease of use for reporting, integration capabilities, and pre-packaged solutions for regulatory reporting. However, some find the learning curve steep and loading times slow. It's ideal for medium to large businesses needing robust financial close, consolidation, budgeting, forecasting, and reporting tools.

  • Best for medium to large businesses (101+ employees), especially large enterprises.

  • Ideal for finance, banking, insurance, retail, consumer goods, manufacturing, real estate, construction, transportation, logistics, media, entertainment, software, IT, telecommunications, professional services, and automotive industries.


CCH Tagetik features

Supported

CCH Tagetik automates financial close processes end-to-end, from data input to the final report.

Supported

CCH Tagetik connects finance and operations teams on one platform for unified planning and analysis.

Supported

CCH Tagetik provides tools for budgeting and forecasting with advanced scenario planning and what-if analysis capabilities.

Supported

CCH Tagetik simplifies lease accounting and ensures compliance with IFRS 16/ASC 842.

Supported

CCH Tagetik enables the creation of accurate and compliant financial reports quickly and easily.

Supported

CCH Tagetik unifies financial data and processes for improved financial planning and analysis.

Supported

CCH Tagetik offers Extended Planning & Analysis (xP&A) capabilities with driver-based analysis, reporting, and dashboards.


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. It streamlines financial close, consolidation, planning, budgeting, forecasting, reporting, and compliance. Available on SaaS, cloud, and on-premise, CCH Tagetik helps medium and large businesses gain better financial insights.

  • How does CCH Tagetik integrate with other tools?

    CCH Tagetik integrates with other ERPs and business systems, offering pre-packaged solutions for regulatory reporting. It also provides a user-friendly Excel add-in, creating a single source of truth for reporting. However, some users report limited integration with other systems.

  • What the main competitors of CCH Tagetik?

    Top alternatives to CCH Tagetik include OneStream, Planful, Anaplan, Workday Adaptive Planning, IBM Planning Analytics, and Board. These competitors offer similar financial planning, consolidation, and reporting capabilities for medium to large businesses.

  • Is CCH Tagetik legit?

    Yes, CCH Tagetik by Wolters Kluwer is a legitimate software platform for financial planning and analysis. It's a safe and established solution used by many businesses for financial close, consolidation, and reporting, as evidenced by positive user reviews on G2 and Glassdoor.

  • How much does CCH Tagetik cost?

    I couldn't find pricing details for CCH Tagetik. Contact their sales team for a personalized quote based on your specific needs and the size of your business. Consider exploring alternative Budgeting and Forecasting software options with transparent pricing.

  • Is CCH Tagetik customer service good?

    CCH Tagetik's customer service receives positive feedback. Users highlight the "outstanding," "excellent," and "proactive" support team, praising their helpfulness during implementation and ongoing use. While some documentation gaps are noted, the overall sentiment towards customer service is favorable.


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.