Compare ELMA and Tagetik 4-0 - Nov 2022

Shlomi LaviShlomi Lavi / Nov 22, 2022

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Bottom Line: Which is Better - ELMA or Tagetik 4-0?

Tagetik 4-0 is more expensive to implement (TCO) than ELMA, and Tagetik 4-0 is rated higher (85/100) than ELMA (62/100). Tagetik 4-0 offers users more features (14) than ELMA (0).

Looking for the right Business performance management solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

ELMA EUROPE SARL Vs. Tagetik

ELMA EUROPE SARL: ELMA EUROPE Sarl is an international branch of the Russian software development company. We provide our customers with the professional BPM, ECM, CRM and project management software.

Tagetik : Founded in 1986, Tagetik is a trusted provider of Corporate Performance Management and Business Intelligence software for budgeting, forecasting, financial consolidation, close, reporting, disclosure and more. Tagetik is one of the fastest growing global software companies in the Performance Management software industry.

Who is more expensive? ELMA or Tagetik 4-0?

The real total cost of ownership (TCO) of Business performance management software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for ELMA and Tagetik 4-0.

ELMA accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 ELMA is rated 6, which is similar to the average cost of Business performance management software. Tagetik 4-0 price starts at $50,000 per feature , When comparing Tagetik 4-0 to its competitors, the software is rated 10 - much higher than the average Business performance management software cost.

Bottom line: Tagetik 4-0 is more expensive than ELMA.

Which software includes more/better features?

We've compared ELMA Vs. Tagetik 4-0 based on some of the most important and required Business performance management features.

ELMA: We are still working to collect the list of features for ELMA.

Tagetik 4-0: Audit Trail, Balance Sheet, Billing & Invoicing, Budgeting & Forecasting, Cash Flow.

Target customer size

ELMA's typical customers include: Medium and large size businesses, Tagetik 4 is suitable for businesses of all sizes, but it is most widely used by large companies and enterprises.



ELMA

ITQlick rating
(4.4/5)

ELMA is an award-winning cloud-based Business performance management software, it is designed to support medium and large size business. ELMA received a rating of 4.4 from ITQlick team. The software cost is con...

Categories: Business performance management.

Tagetik 4-0

ITQlick rating
(4.3/5)

starts at $50,000 per feature

Tagetik is a trusted provider of Corporate Performance Management and Business Intelligence software for budgeting, forecasting, financial consolidation, close, reporting, disclosure and more. Tagetik is one of...

Categories: Budgeting & CPM, Financial reporting, Financial consolidation, Payroll Accounting, Business Intelligence.

Compare specifications

Compare features

ELMA: 0 Features

We are working to collect the list of features

Tagetik 4-0: 14 Features

Audit Trail
Balance Sheet
Billing & Invoicing
Budgeting & Forecasting
Cash Flow
Credit Card Processing
Depreciation
Fund-Accounting
General-Ledger
P&L Statement
Project-Accounting
Purchase Orders
Sales Reporting
Time & Expense
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
ELMA
ITQlick rating
4.4/5
Score
62/100
Pricing
6.8/10
License pricing
Pricing not available
Functionality
3
Review
Compare
Tagetik ...
ITQlick rating
4.3/5
Score
85/100
Pricing
10/10
License pricing
$50,000 per feature
Functionality
29
Oracle H...
ITQlick rating
4/5
Score
91/100
Pricing
4.2/10
License pricing
$9,995 per license
Functionality
14
Anaplan
ITQlick rating
4.4/5
Score
89/100
Pricing
5.6/10
License pricing
Pricing not available
Functionality
24
Planning...
ITQlick rating
4/5
Score
87/100
Pricing
6.4/10
License pricing
$10,000 per year
Functionality
29

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.