[The Planning Survey 17 results, not included in Planning Survey 18] Tagetik is an Italian software vendor and solutions partner for CPM and finance-oriented corporate management. Founded in 1986 in Lucca (Italy) as a management consultancy, Tagetik now specializes in performance management solutions.
According to the vendor’s accounts, 75,000 users at more than 1,000 customer organizations in 35 countries worldwide use its solutions. Tagetik employs a total of 480 people. In March 2017 Tagetik was acquired by Wolters Kluwer, a global company with revenues of 4.2 bn Euro in 2015.
Its product is a unified Web-based software for performance management (financial consolidation, planning and budgeting), financial corporate management, risk management and compliance as well as disclosure management. Tagetik targets mid-size and large companies (or groups of affiliated companies) with lots of users involved in corporate planning and/or financial consolidation processes.
From a planning perspective, Tagetik is focused on integrated financial planning and budgeting, with top-down, bottom-up and mixed approaches all supported. Comprehensive workflow functionality (especially for bottom-up approaches) is available to control planning processes involving lots of planners. Tagetik contains a predefined model for integrated financial planning (balance sheet, profit and loss statement, liquidity) that can be used by individual subsidiaries or at group level. Consolidation of plans is possible due to Tagetik’s integrated functionality for financial consolidation.
In terms of reporting and analysis, Tagetik’s integrated reporting product and dashboards are geared to on-screen display (not printing) of reports and dashboards. Moreover, the relational Tagetik data model, usually stored in Microsoft SQL Server, Oracle or (since 2014) SAP HANA, is open to third-party access. Tagetik enables wizard-driven automatic cube generation for Microsoft SQL Server Analysis Services.
User & Use Cases
With the exception of financial planning and consolidation (Tagetik’s main use cases), the product is frequently used for standard/enterprise reporting (generally financial figures) and ad hoc query.
Tagetik targets power users in finance and controlling departments within mid-size and large companies (or groups of affiliated companies) across all industries. Over 50 percent of our sample of Tagetik customers come from large companies (i.e. more than 2,500 employees) with a median of 88 users (with 50 of them using planning functionality). The mean of 130 users (91 for planning) indicates there are also larger implementations.
The fact that only 5 percent of employees per company are using Tagetik (compared to the survey average of 10 percent) shows that Tagetik is strongly focused on planning and financial consolidation, and is not used by the majority of (BI) users in companies.
Current vs. planned use (besides planning)
Percentage of employees using Tagetik
Planning users (as a percentage of all users)
Total number of users per company
Planning users per company
Company size (number of employees)
Want to see the whole picture?
BARC’s Vendor Performance Summary contains an overview of The Planning Survey results based on feedback from CCH Tagetik users, accompanied by expert analyst commentary.Purchase the Vendor Performance Summary