Shlomi Lavi /
Nov 22, 2022
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Bottom Line: Which is Better - Tagetik 4-0 or ELMA?
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:
Tagetik Vs. ELMA EUROPE SARL
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.
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.
Who is more expensive? Tagetik 4-0 or ELMA?
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 Tagetik 4-0 and ELMA.
Tagetik 4-0 price starts at $50,000 per feature , On a scale between 1 to 10 Tagetik 4-0 is rated 10, which is much higher than the average cost of Business performance management software. ELMA accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Tagetik 4-0 is rated 10, which is much higher than the average cost of Business performance management software.
Bottom line: Tagetik 4-0 is more expensive than ELMA.
Which software includes more/better features?
We've compared Tagetik 4-0 Vs. ELMA based on some of the most important and required Business performance management features.
Tagetik 4-0: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Audit Trail, Balance Sheet, Billing & Invoicing, Budgeting & Forecasting, Cash Flow, Credit Card Processing, Depreciation, Fund-Accounting.
ELMA: We are still working to collect the list of features for ELMA.
Target customer size
Tagetik 4 is suitable for businesses of all sizes, but it is most widely used by large companies and enterprises. and ELMA's target customer size include: Medium and large size businesses.