Tagetik 4-0 Vs ELMA (Aug 2020)

Shlomi LaviShlomi Lavi / Aug 18, 2020

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Tagetik 4-0

ITQlick rating
(4.3/5)

starts at $2,240 per user/month

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.

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.

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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

ELMA: 0 Features

We are working to collect the information

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

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

Looking for the right Business performance management solution for your business? buyers like you are primarily concerned about the real total implementation cost (TCO), full list of features, vendor reliability, user reviews, pros and cons. In this article we compare between the 2 software products:

How Tagetik compares with 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's 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 & support and other related services. When calculating the TCO it's important to add all of these "hidden cost" as well. We prepared a TCO calculator for Tagetik 4-0 and ELMA.

Tagetik 4-0 price starts at $2,240 per user/month , 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?

As with any business software solutions, it’s important to consider the features & functionality. The tool should support the processes, workflows, reports and needs that matter to your team. To help you evaluate this, 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.

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
Tagetik
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
85/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
10/10
License pricing license pricing (if provided by the software vendor)
$2,240 per user/month
Functionality
29
Compare
ELMA
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
62/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6.8/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Functionality
3
Review
Oracle
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
91/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
4.2/10
License pricing license pricing (if provided by the software vendor)
$9,995 per license
Functionality
14
Review
Anaplan
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
89/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5.6/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Functionality
24
Budget
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
87/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6.4/10
License pricing license pricing (if provided by the software vendor)
$10,000 per year
Functionality
29
Review
Author
Shlomi Lavi - admin

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.