BI Tagetik Solutions - Budgeting Planning Forecasting

Business Intelligence BI Software Application : Tagetik Overview

Tagetik allows to manage the budgeting, planning and forecasting processes as part of a single Corporate Performance Management solution that unifies all processes.
In the wake of recent accounting scandals and emerging national and international regulations, the requirements on financial planning have grown exponentially.

Traditional spreadsheet-based budgeting systems, however, cannot handle these new requirements. In order to outperform your competitors and obtain the necessary transparency for compliance, your company needs a sophisticated solution that automates the complex financial rules and processes to consolidate detailed budgets on operational, corporate as well as group levels.

Tagetik CPM unifies the processes of planning, budgeting and forecasting as part of a holistic approach to managing business performance.

As a result, you can easily translate strategy into operations, see how potential sales, production or price changes could affect your bottom line, and achieve the necessary transparency and flexibility to comply with changing regulations.

Translate Strategic Plans into day-to-day operations
Tagetik CPM provides a single solution for all planning and budgeting needs throughout your organization. You can quickly allocate financial targets for the entire group to company and operational levels in a top-down approach.

Go with the flow through powerful forecasting
In order to seize opportunities and minimize risks, your company has to constantly monitor the market and respond by reorganizing your planned resources. Tagetik CPM supports powerful forecasting and modeling through a driver-based approach to planning.

Manage multiple budgets
For most companies, managing multiple budget versions is a manual, timeconsuming process. Tagetik CPM minimizes human error by uniting all operational, corporate and group budgeting processes into a single application. Following the built-in workflow, budget owners can collect, approve and certify data for each area of the enterprise and pass it on to the next highest level.

Ensure transparency and compliance
Tagetik CPM uses built-in audit trails to document who added or modified what, when and where. This functionality ensures maximum transparency, so your executives can validate financial statements without a second thought.

Unify planning with reporting and closing processes
Since Tagetik CPM unifies planning with other key CPM processes, you seamlessly consolidate this budget data to generate management reports for internal decision support. Through the closing process, you can also match and reconcile intercompany bookings and create P&L statements, balance sheets and cash fl ow statements based on budget and historical data to disclose accurate financial forecasts to the public.

Source: Business intelligence BI software application, Tagetik BI solutions, budgeting planning and forecasting information at tagetik.com