CCH Tagetik Reviews

Name: CCH Tagetik
Brand: Wolters Kluwer
Rating: 3.9 (7 reviews)

3.9 out of 5

7 reviews
87% willing to recommend

584 followers

What is CCH Tagetik?

CCH Tagetik goes beyond basic CPM. By aligning financial and operational data in a unified platform, our software ensures you're working with a single version of the truth. The result is faster financial processes and a complete view of your entire organization.

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CCH Tagetik is the #5 ranked solution in top Financial Close Software and #12 ranked solution in top Business Performance Management solutions. PeerSpot users give CCH Tagetik an average rating of 7.8 out of 10. Based on the analysis of the 7 most recent CCH Tagetik reviews, the overall sentiment is positive, with a sentiment score of 6.8. CCH Tagetik is most commonly compared to Anaplan: CCH Tagetik vs Anaplan. CCH Tagetik is popular among the large enterprise segment, accounting for 72% of users researching this solution on PeerSpot. The top industry researching this solution are professionals from a manufacturing company, accounting for 17% of all views.

Buyer's Guide

Business Performance Management

November 2024

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Featured reviews

Julia Lupidii

Senior EPM Consultant at Solution BI France

I appreciate its user-friendliness, especially for business users who may not be very tech-savvy. In many organizations, there's a mix of IT professionals and business users with varying levels of technical expertise. One of the strengths of the solution includes a feature similar to SmartView, is that it allows users to work with Excel. Since Excel is a widely familiar tool, it reduces the learning curve and makes it more accessible to a broader audience within the organization. The workflow feature within the solution is particularly valuable. It simplifies complex processes into a step-by-step sequence, making it easy for users to follow along.

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Manikandan Babu

Tagetik Consultant at VetriVa Enterprise Solutions

We use CCH Tagetik to create detailed reports and forms. The most valuable feature of CCH Tagetik is form creation. We faced difficulties while uploading data. I have been working with the solution for seven years. CCH Tagetik's stability is good. I rate the tool's scalability an eight…

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Krzysztof Krakowiak

CTO at Grupa Wirtualna Polska

I am an external consultant for an insurance company where CCH Tagetik was implemented instead of Oracle HFM about two years ago. I support preparing data for CCH Tagetik by preparing files, loading data via IPL, and supporting integration from Oracle or any other general ledger that entities use…

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CCH Tagetik mindshare

Product category:

As of December 2024, the mindshare of CCH Tagetik in the Business Performance Management category stands at 6.6%, up from 4.9% compared to the previous year, according to calculations based on PeerSpot user engagement data.

Business Performance Management

Key learnings from peers

Last updated Dec 20, 2024

Valuable Features

CCH Tagetik's dynamic on-the-fly consolidation engine, embedded financial intelligence, scalability, and user-friendly interface stand out as valuable features. Its integration with Excel reduces the learning curve, while the workflow feature simplifies complex processes. Automatic validations and integration with Oracle enhance utility. Users particularly value form creation and the powerful APM component. The unified platform and Ownership Structure Register benefit entities. Its multidimensional data model supports adaptability in financial operations.

"The ability for integration and automatic loading from the Oracle system into CCH Tagetik is very valuable."
"I've primarily worked with CCH Tagetik as a consultant, handling implementations and not providing day-to-day user support. I initially appreciated the unified platform, the Ownership Structure Register, which benefits certain entities. The workflow feature is great, but it can become overly detailed and lacks clear guidance on design. The solution is good in terms of storage."
"I appreciate its user-friendliness, especially for business users who may not be very tech-savvy."

Room for Improvement

Users express concerns about CCH Tagetik's response times, especially with larger datasets, highlighting a need for enhanced in-memory computing. Analytics features are seen as lacking compared to competitors. Data upload difficulties and ETL processes are frequently mentioned issues. There is a call for improvements to settings management, particularly with complex calculations. Users also seek the ability to generate multiple reports at once and clearer error indicators for data uploads.

"There is a need for improvement in the ability to generate all reports from one click, like both P&L and balance sheets, to be available together in Excel."
"The tool's major drawback is the ETL process, which is not up to par with other solutions."
"There is room for improvement, especially on the settings side of the solution."

Pricing

"The solution is quite expensive."
"The solution's pricing is affordable."

Popular Use Cases

CCH Tagetik is primarily used for managerial consolidation and budgeting, planning, and forecasting in large enterprises. Users employ it to generate detailed reports and forms. It provides flexibility and adaptability for diverse financial planning needs, ensuring alignment with client requirements. Integrating complex calculations and reporting, it aims to be user-friendly for accessible insights. Implementations often involve transitioning from systems like Oracle HFM, with consultants supporting data preparation and integration across various general ledgers.

Service and Support

CCH Tagetik exhibits strong customer service with a responsive team, especially for critical issues, though complexities arise in the support process. Customers appreciate the Italian support, but Central Europe-based users face delays. North American support appears lacking. Logging tickets and waiting can be difficult for urgent matters. Users have experienced both prompt assistance and occasional delays impacting business operations. Despite these challenges, technical support is deemed good, though response times vary by region.

Deployment

Installation of CCH Tagetik can be completed within a day with two servers required. Users find the process straightforward, though it can get complex without a consultant. Setting up dimensions, workflows, and processes is necessary. Users highlight that while loading dimensions and creating processes is manageable, figuring out their effective configuration poses challenges.

Scalability

CCH Tagetik scales well given adequate server capacity aligned with database size. Larger report run-times could improve, especially with on-the-fly consolidation calculations. Users report no major concerns and find scalability features robust, often rating it eight out of ten. They implement CCH Tagetik continuously, reflecting their confidence in its scalability capabilities.

Stability

CCH Tagetik is generally stable, though its performance can be influenced by server capacity and data volume. Proper IT configuration minimizes latency concerns, making it a reliable choice. Some users experience occasional bugs, rating its stability around seven out of ten. While older, it remains robust with no unexpected breakdowns, just known technical issues. Users find it important to manage data loads effectively to maintain stability.

These insights are based on the in-depth reviews provided by peers to help you make a better buying decision.

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