Tagetik

Tagetik develops and sells cloud and on-premise corporate performance management software applications for use by corporate finance teams and their business users.

History

Tagetik has headquarters in Lucca, Italy and Stamford, Connecticut. In July 2014, the company announced $36 million in outside funding. In June 2015, the company acquired iNovasion, a Netherlands-based company,[1] and opened its Japan direct operation. In February 2016, Tagetik established Tagetik GmbH, a direct operation for the German, Austrian, and Swiss markets.[2]

Product

The company’s software monitors and manages financial performance and processes, such as budgeting, consolidation, planning and forecasting, disclosure management, and reporting. The software uses Microsoft Office, using Microsoft Excel, Word and PowerPoint for input and report templates. The software also has connectors to Microsoft PowerBI, SharePoint, SQL Server, Dynamics AX and NAV and runs on Microsoft Azure.[3][4]

Tagetik runs on Microsoft SQL Server, PostgreSQL, Oracle or SAP HANA databases. The company also has developed a connector to the Qlik Analytics Platform and to SAP to automate extracting and mapping data and metadata from SAP ECC FI, and BW tables.[5]

Recognition

Gartner has positioned Tagetik in the “visionaries quadrants” in its 2016 Magic Quadrants for Financial Corporate Performance Management (FCPM) and Strategic Performance Management (SCPM).[3][6] Tagetik was also recognized in Gartner’s 2015 Critical Capabilities for Corporate Performance Management Suites.[5] Forrester Research, BPM Partners and Ventana Research also routinely evaluate Tagetik and its software.[7][8][9]

The company was awarded Microsoft’s Global ISV/Software Line of Business Partner of the Year (2011).[10]

Customers and Partners

As of June 2015, Tagetik had approximately 750 corporate customers around the world. Representative customers include: Fiat Chrysler, Henkel, Webster Bank,[1] Randstad,[11] Carillion, [4]and John Hancock-Manulife.[12] Major consulting partners include Accenture, Deloitte, Ernst & Young, KPMG, and PwC. Among Tagetik’s technology partners are Amazon Web Services, Microsoft, NetSuite, Qlik, and SAP.[13]

External links

References

  1. 1 2 “Stamford-area business briefs.” Stamford Advocate. June 23, 2015
  2. ↑ Spett, Szilvana. “Tagetik opens subsidiary in Zurich.” Switzerland Global Enterprise
  3. 1 2 Analysts Christopher Iervolino and John E. Van Decker. “Magic Quadrant for Financial Corporate Performance Management Solutions.” Gartner. May 31, 2016
  4. 1 2 Gibson, Rebecca. “Carillion deploys Microsoft BI solution for management reporting.” The Record. Feb. 21, 2014
  5. 1 2 Analysts Christopher Iervolino and John E. Van Decker. “Critical Capabilities for Corporate Performance Management Suites.” Gartner. July 27, 2015
  6. ↑ Analysts Christopher Iervolino and John E. Van Decker. “Magic Quadrant for Strategic Corporate Performance Management Solutions.” Gartner 31 May 2016.
  7. ↑ Hamerman, Paul D. “The Forrester Wave: Financial Performance Management, Q3 2013. Sept. 11, 2013
  8. ↑ Schiff, Craig. “Vendor Landscape Matrix.” BPM. November 2015
  9. ↑ Ventana Research Value Index 2015
  10. ↑ “Microsoft Announces 2011 Partner of the Year Award Winners and Finalists.” Microsoft website. June 22, 2011
  11. ↑ Ring, Dan. “Enterprise Performance Management Software Works for HR Company” TechTarget. March 31, 2015
  12. ↑ Ring, Dan. “John Hancock saves time, cuts risk with financial reporting software” TechTarget. July 13, 2016.
  13. ↑ Destri, Francesca. “Microsoft Cloud Roadshow sbarca in Italia.” Computer World. May 12, 2016
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