EGHAM, England, January 31, 2011 - Tagetik and Microsoft's Strategic Alliance Drives Forward Organisations' Productivity and Profitability, with new CPM
Tagetik, a global provider of enterprise software solutions for
Performance Management, Governance, Risk & Compliance and Business
Intelligence, today announced its vision for making Business Intelligence,
Performance Management and Disclosure Management processes as collaborative
as possible from the Gartner Business Intelligence Summit 2011.
The rise of collaboration in managing business performance has led to a
concept which Tagetik and Microsoft call 'Collaborative Performance
Management', and is a clear indication that the relationship between the two
companies is growing quickly and successfully. The outcome of this joint
commitment, 'Tagetik 3.0 Enabled by Microsoft® SharePoint® Server 2010'
software solution, aims to deliver across the enterprise a unified
Performance and Disclosure Management system, with specialised Business
Intelligence, collaboration and communication tools. The solution ensures
compliance with XBRL and also with iXBRL which will be mandatory from April
in the UK. During the Gartner BI Summit, Tagetik will be presenting 'The
importance of Collaboration in managing CPM and BI' - tomorrow February 1st
at 9:15 am - to show the full potential of the brand-new application.
"We started in 2009 with the integration of the previous release
'Microsoft SharePoint Server 2007' but it was May 2010 when Tagetik's leading
edge technology was able to maximize the power of Microsoft Corp.'s
sophisticated Business Intelligence platform and provide companies with
well-known application tools such as Microsoft SharePoint Server 2010,
Microsoft Office Professional 2010, and Microsoft SQL Server 2008 R2,"
explains Marco Pierallini, EVP Chief Development Officer at Tagetik.
"Performance Management extended to collaborative decision-making is the
new challenge for complex organisations willing to manage business
performance more efficiently, facilitate teamwork across multiple systems or
stakeholders, and improve the quality of operational and strategic
decision-making," adds Manuel Vellutini, EVP Chief Operating Officer at
Tagetik. "Microsoft and Tagetik have joined forces to fill this growing need
to integrate collaborative technologies into Performance Management and
Business Intelligence processes - which we call 'CPM® Evolution'. And,
above all, support companies looking to implement corporate strategies more
effectively while adding value to the way in which they manage and control
all business areas."
From public disclosure, management reporting, XBRL compliance issues
throughout their budgeting, planning and forecasting processes, through to
operational production/sales planning and control, Tagetik 3.0 Enabled by
Microsoft SharePoint offers the necessary support by unifying key financial
processes and applications including:
o Performance Management (PM)
o Governance, Risk and Compliance (GRC)
o Disclosure Management
o Business Intelligence (BI)
"Using our new Collaborative Disclosure Management (CDM) module within
Tagetik 3.0 Enabled by Microsoft SharePoint, companies can make the most of
advanced BI and special communication and collaboration tools to prepare,
analyse and publish all types of financial data ranging from budgets and
management reports to statutory filings and sustainability reports,"
continues Vellutini. "This solution allows people within any organisation to
pool documents and footnotes related to the closing process through a single
portal, so reducing manual tasks and ensuring accurate data for corporate
disclosures. And includes full XBRL and iXBRL support in line with today's
latest regulatory requirements."
"We have long shared the vision to make BI and PM processes as
collaborative as possible. We've now achieved this with a single
'collaborative performance management' platform to improve business
communication and decision-making across the enterprise," concludes Pierluigi
Pierallini, President and CEO at Tagetik.
About Gartner Business Intelligence Summit 2011
The Summit will provide Gartner's latest insight on how to make
business intelligence (BI) in organisations meet the new needs of business
after the recent economic shift. Business strategies, organisational
structures and BI and performance management (PM) architectures are being
'reborn' to reflect changed priorities - helping organisations maximise the
potential of these new opportunities by providing the insight that business
For further information on the Gartner Business Intelligence
Summit 2011 taking place on January 31 and February 1 in London, please visit
europe.gartner.com/bi. You can also follow the event on Twitter at
http://twitter.com/Gartner_inc using #GartnerBI.
Tagetik delivers a unified software solution for Performance
Management, Enterprise Governance, Risk & Compliance, and Disclosure
Management with specialized Business Intelligence tools to optimize
Collaboration and Communication.
Tagetik 3.0 creates value by simplifying complex business
processes for CFOs and CIOs: budgeting, forecasting, cash flow planning,
statutory and management consolidation, cost allocation, profitability
analysis, financial close and fast closing, dashboard, scorecarding,
collaborative disclosure management and compliance/industry requirements.
Tagetik 3.0 is the solution to translate strategy into operations, manage and
control overall performance down to business transactions, and improve
decision-making across the whole organization while achieving faster ROI and
lower total cost of ownership (TCO). Tagetik's vision to extend Performance
Management and Business Intelligence to collaborative decision-making
inspired us to develop Tagetik 3.0 Enabled by Microsoft SharePoint, moving
CPM from Corporate to Collaborative Performance Management.
Tagetik operates in 18 countries leveraging a close partnership
with Microsoft. Its market experts are totally committed to the success of
400 customers worldwide, including some of the largest Fortune 1000 companies
representing all industry sectors, as well as to build strong relationships
with system integrators, technology leaders and local consulting specialists.
Tagetik is a Microsoft Gold Certified Partner.
Corporate Press Contacts:
Office Phone: +39-0583-96811
Cell Phone: +39-393-3351553
UK Press Contact:
Office Phone: +44(0)20-8297-5388
Cell Phone: +44(0)7747-012946
US Press Contact:
Office Phone: +1-203-391-7520