Get and maintain visibility on your financial data with CCH Tagetik
Overall Satisfaction with Wolters Kluwer (CCH Tagetik)
CCH Tagetik is used by approx 100 users in central and decentralized business units, all located in France. It is supposed to simplify and accelerate 2 business process : budgeting and enterprise performance (actuals vs budget). Our budget process is a combination of bottom-up and top-down ; CCH Tagetik is expected to make this process more fluid, as seamless as possible. CCH Tagetik is as well expected to industrialize our monthly reporting.
Pros
- Processes are clearly described in CCH Tagetik ; users can easily find where they are and which action they have to make
- Interaction with Excel is really fluid ; the Excel add-in is easy to deploy and to updgrade, in the hand of users. It is reliable provided the internet connection is fast.
- Managing hierachies is obvious in CCH Tagetik. Hierarchies are fundamental for a good reporting ; CCH Tagetik has obviously a deep experience of this feature.
- SaaS : our experience with CCH Tagetik is of only 1 year, but it technically performs well, the system is reponsive, no shut-down, and updates (every quarter) do not disturb production.
- AIH seems to be able to manage very large quantity of data, and to provide advanced analysis functionalities. We did not have time to explore them.
Cons
- Techical tools : ETLs are well structured, logical and understandable, but their interface is quite out-dated. Compared to pure ETLs like Alteryx, we long for a graphical interface. The HTML5 query interface (SQL) is too slow and too rough : hints on data model or field names would be appreciated.
- From a personal point-of-view, I would prefer a more compact web-interface, with smaller policies and other colours. OneStream or IBM analytics seem better on this aspect. It is subjective.
- Our business can be audited many years later. CCH Tagetik provides no particular improvement to restore data-sets that where used in the past (fact tables and dimensions), whilst avoiding to keep the old dimension values in the current application.
- Technical performances fall dramatically when trying to include too many dimensions in a report (even when using filters) ; it is difficult to export your data in flat files with the standard reporting tool. Switch to technical tools (SQL scripts, etc) are required for a reasonable time response.
- CCH Tagetik makes our data model more transparent a logical ; data are easier to share
- Too early to estimate a ROI
We have had a 3-year experience with Anaplan for budgeting and
performance management on part of our business. Anaplan is brilliant
provided you have technical skills to manage multi-dimensional data, and
provided you don't have to store large amounts of data (gigabytes are
expensive when stored in-memory). There is no use storing your budget in
Anaplan once you have calculated it. My opinion is that Anaplan is
great if you proceed to frequent (daily or weekly) calculations, not for
a monthly analysis. From this point of view, CCH Tagetik is more
appropriate for Enterprise Management Performance.
performance management on part of our business. Anaplan is brilliant
provided you have technical skills to manage multi-dimensional data, and
provided you don't have to store large amounts of data (gigabytes are
expensive when stored in-memory). There is no use storing your budget in
Anaplan once you have calculated it. My opinion is that Anaplan is
great if you proceed to frequent (daily or weekly) calculations, not for
a monthly analysis. From this point of view, CCH Tagetik is more
appropriate for Enterprise Management Performance.
Wolters Kluwer CCH® Tagetik Feature Ratings
Using Wolters Kluwer (CCH Tagetik)
Pros | Cons |
---|---|
Like to use Relatively simple Easy to use Well integrated Consistent Quick to learn Convenient Feel confident using | None |
- Managing hierarchies
- Excel add-in
- Making a simple adhoc query is too long and requires too much training
- ETL are powerfull but quite complex to read without IT
Comments
Please log in to join the conversation