Software helps minimize business complexity.

Press Release Summary:



Utilizing web-based, cross-platform technology, Tagetik 3.0 - Business Simplexity offers closed-loop solution for Performance Management and Financial Governance. Scalable program ensures single, accurate view of entire business to comply with regulations and governance requirements. It also unifies key financial processes and applications including planning and consolidation, strategy management, statement reporting, profitability modeling, and working capital analysis.



Original Press Release:



Tagetik Announces Tagetik 3.0 - Business Simplexity at the Gartner Business Intelligence Summit



Unified solution for Performance Management (PM) and Financial Governance (FG) minimizes business complexity.

STAMFORD, Conn., March 9 /- GARTNER Business Intelligence Summit, -- Tagetik, a global provider of Performance Management and Financial Governance software solutions, today previewed Tagetik 3.0 - Business Simplexity -- at the Gartner Business Intelligence Summit in Washington, D.C.

"We tag-lined this release 'Business Simplexity' because our product helps organizations simplify complexity - whether caused by day-to-day operations, changing regulations, global markets, increasing competition or the current financial crisis," said Manuel Vellutini, Tagetik's COO. "In addition to driving financial performance, today's CFOs are expected to interact with and influence the entire organization. Tagetik 3.0 was designed to help CFOs and CIOs simplify complex business processes and support specific industry and business requirements."

Tagetik 3.0 is a complete, closed-loop, double entry solution for Performance Management and Financial Governance, utilizing web-based, cross-platform technology. It supports CFOs implementing the corporate strategy and ensures a single, accurate view of the entire business to comply with new regulations and governance requirements. It offers support by unifying key financial processes and applications including:

-- Planning and Consolidation

-- Financial Governance

-- Strategy Management

-- Statement Reporting

-- Profitability Modeling

-- Working Capital Analysis

-- ICT Performance Management

Tagetik 3.0 provides a reliable, scalable solution to manage and control performance, support compliance initiatives, harmonize different views of critical financial data, and maximize visibility down to individual business transactions. IT departments can maximize ERP, BI and infrastructure investments, resulting in up to 50% reduction of the total cost of ownership (TCO).

The official product launch of Tagetik 3.0 - Business Simplexity is scheduled for May 21st at Tagetik's Annual Global User Conference.

About Gartner Business Intelligence Summit

The Gartner BI Summit is the only event designed to provide businesses with the knowledge required to create a visionary business intelligence strategy. It focuses on the methodologies, strategies, technologies and architectures that move organizations from the tactics of cost cutting and compliance to increasing agility and responsiveness, and improving overall business performance. Additional information is available at http://www.gartner.com/us/bi.

About Tagetik

Tagetik is a global provider of latest generation Performance Management and Financial Governance software solutions that help CFOs and CIOs simplify complex business practices. Its key innovation is a fully unified financial closed-loop, double entry solution incorporating all core Performance Management processes in a single product, include budgeting, planning, forecasting, and financial consolidation. Its "out-of-the-box" core Performance Management processes, web-based, cross-platform technology, powerful scalability, and shortened implementation time have reduced total cost of ownership for customers worldwide in all major industries. Tagetik Performance Management supports financial governance requirements such as 10K and 10Q reporting, while helping automate financial processes to achieve transparency and meet compliance needs. Headquartered in Lucca, Italy, Tagetik North America has Sales, Service and Marketing operations in Stamford, Conn. For further information visit www.tagetik.com

CONTACT: Patricia Cuomo, Director of Marketing of Tagetik N. America,
+1-203-391-7520, Patricia_cuomo@tagetik.com

Web Site: www.tagetik.com/

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