Tagetik's Fall 2016 Release Extends Collaboration and Workflow; Adds NetSuite Integration

Tagetik, a leader in global performance management software solutions, furthers its commitment to providing the Office of Finance with a powerful, scalable and intuitive platform for managing financial processes, performance, and reporting. Tagetik's focus on improving collaboration, within and outside the office of finance, was originally highlighted by its innovative Collaborative Disclosure Management (CDM) product that intuitively incorporates collaboration and workflow into disclosure and regulatory reporting processes. CDM is used by several hundred companies for streamlining all kinds of disclosure and regulatory reporting requirements including Solvency II, IFRS and others.

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Collaborative Office  

Tagetik customers quickly recognized the value of CDM in streamlining all kinds of internal and external reporting requirements. To extend the reach of the collaborative reporting capabilities of CDM, Tagetik has announced the availability of Collaborative Office. Collaborative Office provides same powerful collaboration and workflow of CDM but without the XBRL engine needed to address some regulatory standards.  

With Tagetik Collaborative Office, virtually any report produced using Microsoft Word or PowerPoint can be streamlined. Collaboration, workflow, accountability and an audit trail are embedded right into documents and presentations so multiple people can work in the same presentation or document without conflict. Collaborative Office ensures consistency of numbers, narratives and formatting across all reports and presentations including financial statements, management reports, budget books, board reports, earnings presentations and more. Enhancements in the Fall 2016 release focus on workflow, visibility, integration and ease of use.  

Interactive graphical workflows 

A new workflow icon gives any user instant visibility into all of their tasks for any financial process performed within Tagetik's Financial Performance Platform^[TM]. Users can graphically see all steps in a process with color-coding of completion status, dependencies, approval chain and more. The intuitive design and the ability to add comments or attachments foster collaboration and transparency from start to finish.  

NetSuite integration 

NetSuite customers can now easily incorporate Netsuite ERP data into Tagetik's Financial Performance Platform with packaged integration and mapping of NetSuite dimensions and fact tables.

XBRL data loading 

XBRL formatted data can now be loaded into Tagetik. This allows for "apples-to-apples" comparison of operating entities or to peers or competitors that file their financial statements using the XBRL standard.

"Today's finance organizations are tapping into data from more different sources than ever before. We've always focused on an open architecture that easily integrates with virtually any source," said Marco Pierallini, co-CEO of Tagetik. "We've offered pre-configured connectors for multiple SAP and Microsoft sources for many years and adding NetSuite integration is a natural addition as more and more of our customers and prospective customers are adopting cloud ERP solutions."

"A key driver of our product strategy is to continually increase collaboration between business and finance throughout finance processes - not just at the end," said Dave Kasabian, chief marketing officer for Tagetik, "Today's finance organization needs a solution that delivers ease of use and collaboration in a trusted platform that ensures the accuracy, accountability, and auditability that finance needs. That's what Tagetik's Financial Performance Platform delivers."

In early October, Tagetik was positioned as a leader, the highest of four categories, in The Forrester Wave™: Enterprise Performance Management, Q4 2016. The company's "cloud without compromise" strategy continues to win customers seeking cloud-based solutions with comprehensive performance management functionality.  Globally, 45% of new customers acquired in Q3 2016 chose Tagetik's cloud-based solutions; in North America, 85% of new Q3 customers chose to implement in the cloud.  

Tagetik will host the webinar "Divide and Conquer: A Collaborative Approach to Non-Disruptive Enterprise-Wide Reporting" on Tuesday, November 29, at 12 p.m. Eastern Time, 6 p.m. Central European Time. To register for this webinar, click here.  

About Tagetik 

Tagetik understands the complex challenges that face the Office of Finance and translates that knowledge into intuitive, enterprise-scale performance management software solutions that drive business results. With Tagetik, companies get the simplicity of the Cloud and the power to unify financial and operational planning; shorten the consolidation and close process; immediately analyze results, model and compare full financial statement impact of business scenarios; adjust strategic plans; seamlessly update rolling forecasts; produce formatted and auditable financial statements and management reports; collaborate on business reviews, and automate disclosure and board reporting. Tagetik has built-in financial intelligence so that CFOs, finance managers, and operations executives can orchestrate multiple or all processes in one software solution. More than 850 customers across 35 countries count on Tagetik to improve efficiency, reduce risk, save money and deliver results. For more information, visit http://www.tagetik.com. We get Finance. You get results.

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Media Contacts:

Corporate and EMEA:
Linda Galloway
insidHR Communications
+1 303 863 8620 office
+1 203 733 7446 mobile
[email protected]

North America:
Courtly Stevens  
Courtly & Company
+1 415 640 0188 office
[email protected] 

SOURCE Tagetik