Definition

Tagetik

Contributor(s): Dan Ring

Tagetik is a software vendor that makes cloud-based and on-premises applications on a single platform for enterprise performance management, including planning and budgeting, closing books, financial consolidation, disclosure and compliance.  

A majority of Tagetik's customers are managing more than one of those processes on the platform. Because the Tagetik software platform is a single application, customers can add processes to benefit from real-time integration, according to the vendor. Users can buy multiple processes initially, or start with one and add others later.

Tagetik has more than 900 customers and dual headquarters in Stamford, Conn. and Lucca, Italy.

The vendor first offered software as a service (SaaS) in 2013, and the deployment option now represents more than 50% of new license revenues in key growth markets including North America.

Tagetik is known for its modeling software for budgeting, planning and forecasting, structured financial reporting, management reporting and graphics for reporting and analytics. It also offers a product called Collaborative Office, which allows multiple contributors to collaboratively develop earnings and board presentations in Microsoft Word or PowerPoint, all dynamically connected to the same data as the financial statements and other financial or management reports.

As part of a license, all users receive built-in capabilities for dashboards and drag-and-drop analysis. Tagetik has several key technology partners including QlikSense, which powers advanced analytics and visualization, as well as Microsoft and HANA (SP HANA).

In 1986, Pierluigi Pierallini founded the company, which began as a regional consulting organization. Tagetik CPM was established in 2005 to target the global market for corporate performance management (CPM), also known as enterprise performance management (EPM). US operations were established in 2008. 

This was last updated in January 2017

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