Tagetik Webcast Delves Into XBRL Reporting and Disclosure Management

LUCCA, Italy, June 9, 2011 /PRNewswire/ --

- Expert Panel Discusses why Disclosure Reporting Should be a top Priority for Finance Executives

Tagetik, a global provider of enterprise software solutions for Performance Management, Governance, Risk and Compliance, and Business Intelligence, today hosted a one-hour Web seminar on disclosure management. A small panel of experts discussed the growing need for an automated, collaborative solution to manage corporate disclosures, create statutory filings and fulfill external, internal and XBRL reporting requirements.

"Nowadays, disclosure management and reporting means aggregating information from multiple stakeholders in Investor Relations, Corporate Communications, Legal and other departments across the organization to produce a single document," says Manuel Vellutini, Executive Vice-President and Chief Operating Officer at Tagetik. "Although most companies have made substantial investments in financial applications, their disclosure processes remain manual, disjointed and error-prone."

Discussing this critical scenario facing finance departments were: John van Decker, Vice-President for Research at Gartner; Jaideep Shah, XBRL Business Manager at Fujitsu America; Mark Corsetti, Vice-President and General Manager at Tagetik North America; and Alessio Lolli, Software Specialist at Tagetik. These experts agreed that a streamlined, automated process for collaboration, compliance and control is needed throughout the entire disclosure cycle.

"CFOs are forced to meet ever-growing and more stringent compliance requirements such as XBRL within tighter deadlines and without incurring additional costs or resources," continues Vellutini. "These filing requirements will only continue to expand, making compliance more difficult, time-consuming and expensive. That's why organizations need Tagetik CDM, a solution that can make the traditionally serial process of disclosure and reporting a truly collaborative one."

"In addition, Tagetik CDM works seamlessly with Interstage(R) XWand(R), a leading innovation in XBRL technology solutions from Fujitsu," adds Marco Pierallini, Executive Vice-President and Chief Development Officer at Tagetik. "Our company is also a proud member of XBRL US, Inc. ( http://xbrl.us/), which supports the implementation of XML business reporting standards and promotes XBRL adoption through marketplace collaboration."

A recording of this Webcast will be soon available at http://www.tagetik.com

About Tagetik

Tagetik delivers a unified software solution for Performance Management, Enterprise Governance, Risk & Compliance, and Disclosure Management with specialized Business Intelligence tools to optimize Collaboration and Communication.

Tagetik 3.0 creates value by simplifying complex business processes for CFOs and CIOs: budgeting, forecasting, cash flow planning, statutory and management consolidation, cost allocation, profitability analysis, financial close and fast closing, dashboard, scorecarding, collaborative disclosure management and compliance/industry requirements. Tagetik 3.0 is the solution to translate strategy into operations, manage and control overall performance down to business transactions, and improve decision-making across the whole organization while achieving faster ROI and lower total cost of ownership (TCO). Tagetik's vision to extend Performance Management and Business Intelligence to collaborative decision-making inspired us to develop Tagetik 3.0 Enabled by Microsoft SharePoint, moving CPM from Corporate to Collaborative Performance Management.

Tagetik operates in 18 countries leveraging a close partnership with Microsoft. Its market experts are totally committed to the success of 400 customers worldwide, including some of the largest Fortune 1000 companies representing all industry sectors, as well as to build strong relationships with system integrators, technology leaders and local consulting specialists.

    Tagetik is a Microsoft Gold Independent Software Vendor (ISV).
    To learn more: http://www.tagetik.com

    Corporate Press Contacts:
    Elisabetta Pierallini
    Luca Pieretti
    +39-0583-96811
    [email protected]

    UK Press Contact:
    Shak Akhtar
    Managing Director
    +44(0)8708510540
    [email protected]

    US Press Contact:
    Alessandra Gamba
    +1-203-391-7520
    [email protected]

SOURCE Tagetik

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