ARNHEM, The Netherlands - Leading Dutch Kitchen, Bathroom and Furniture Company Deploys Monthly Reporting and Forecasting Solution Based on Microsoft SQL Server
Tagetik, a global provider of enterprise software solutions for Performance Management, Enterprise Governance, Risk & Compliance and Business Intelligence, today announced that De Mandemakers Groep (http://www.dmg.eu), a fast-growing kitchen, bathroom and furniture company based in the Netherlands, has chosen Tagetik 3.0 to optimize its performance management processes. This solution will replace the company's existing spreadsheet-based system to unify the monthly close, reporting and consolidation processes as well as deliver driver-based budgeting and more accurate monthly forecasting.
After the evaluation process, DMG chose Tagetik 3.0 because it offered the best functionality for managing and controlling its frequent consolidation and reporting processes. The software will also help the company gain insight into rising market developments through faster, more effective budgeting and forecasting. Tagetik 3.0 runs on Microsoft SQL Server database and is able to collect information from multiple ERP systems. The software also incorporates Microsoft Excel, Word, and other familiar Offices products as user-friendly interfaces for data analysis and reporting.
"In the past few years, our company has grown dramatically both in size as well as in our international scope," explains Jeroen Maan, Financial Director at DMG. "Currently, we are still using spreadsheets to consolidate our data and prepare budgets and forecasts - with all of the usual difficulties and uncertainties. We chose Tagetik 3.0 due to its built-in functionalities and strong process integration based on a single source of data. The low TCO helped, of course, as well."
In the first phase of the project starting in January, the company will implement Tagetik's solution for monthly reporting and consolidation which will replace its current spreadsheet-based system as well as to streamline the financial close. The second phase, which is scheduled to begin in March, will enable driver-based, monthly forecasting and budgeting processes.
"We are able to provide organizations an integrated Corporate Performance Management application that is easy to use and maintain while providing rich built-in features such as process workflow and audit-trail capabilities," comments Marco van der Kooij, General Manager at Tagetik Nederland (http://www.tagetik.nl). "With DMG, we presented a live demonstration of the software, conducted different workshops to analyze their requirements, and developed an ad hoc proof of concept to show the software's capabilities.
This way, the decision-makers at DMG could truly understand how the software would work in their environment and, ultimately, assess the value of our software and the organization behind it."
"At Tagetik, we feel that it is important to build trusted, longstanding partnerships with CFOs and other executives," adds Manuel Vellutini, EVP Chief Operating Officer (COO) at Tagetik. "Our customer profits from the strong integration with Microsoft technology as well as the excellent cooperation between Tagetik and its Dutch partner UNIT4 Business Intelligence Solutions (http://www.unit4.nl)."
DMG is an innovative, ambitious and rapidly growing kitchen, bathroom and furniture company. With more than 200 outlets, approximately 4,500 employees and a turnover of approximately 1 billion, the organization is the largest and most trustworthy company in the industry.
DMG, with its strong focus on customer satisfaction and quality, has been operating in the kitchen, bathroom and furniture market for more than 30 years. All products are top quality. With a strong, steady program of innovation and development, the company is able to respond to trends as they occur and incorporate the very latest technological developments into its products.
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.
To learn more: www.tagetik.com
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