Tagetik 4-0 Review - why 4.3 stars?

Tagetik 4-0 Review
ITQlick Score: 85/100
ITQlick Rating: (4.3/5)
Pricing: 10/10 - high cost
Category: Business performance management -> Tagetik 4-0
Ranking:Ranked 6 out of 46 Business performance management systems
Company: Tagetik
Pricing: starts at $2,240 per user/month
Typical customers: Medium and large size businesses
Platforms: Desktop, Mobile, Cloud
Links: Tagetik 4-0 pricing, Tagetik 4-0 alternatives

Shlomi LaviShlomi Lavi / updated: Aug 18, 2020

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What is Tagetik 4-0?

Tagetik 4 is financial performance management and business intelligence software designed for companies of all sizes. Its major features include performance management, disclosure management, business intelligence and financial governance. The tool is available for on-premise deployment and in the form of cloud-based software as a service.

Tagetik 4 is a product of Tagetik. The company, which has head offices in Stamford, Connecticut and Lucca, Italy, was founded in 1986 and has over 600 customers worldwide.

What is Tagetik 4-0 rating? ()

The rating of Tagetik 4-0 is 4.3 stars out of 5 and the total score is 85 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are Tagetik 4-0's typical customers?

Tagetik 4 is suitable for businesses of all sizes, but it is most widely used by large companies and enterprises. It is an ideal choice for companies operating in any industry from manufacturing, retail and healthcare to gas and oil, financial services and telecommunications and networking. Major clients include Panalpina, UniCredit, Propex, Henkel, Danone, Mediaset and A.C. Milan.

Is Tagetik 4-0 the best Business performance management?

Tagetik 4-0 is ranked 6 out of 46 software in their category (Business performance management systems).

What are their main features and functionalities?

Tagetik 4 enables you to make forecasts, to plan operations and to create budgets. It allows you to plan cash flows, allocate costs and run profitability analysis. It has both internal and external reporting. The software allows you to carry out extensive performance and financial analysis with the use of reports and dashboards.

The corporate governance module is designed to enable financial risk management, internal auditing and control, regulatory compliance, operational risk management and simulation running based on forecasts. The software helps you optimize communication and collaboration, achieve higher management and financial efficiency and comply fully with all regulatory requirements.

What are Tagetik 4-0's pros? (5 Pros)

  • Tagetik 4 has all financial and operations planning and performance management features required by a business.
  • Tagetik 4 combines performance management, business intelligence and corporate governance in one and this is a very rare and valuable combination.
  • The software is accessible from mobile devices and namely iPhone, iPad and Blackberry devices.
  • Tagetik 4 is a product of a large and reputable company with long-term experience in the industry.
  • The tool is customizable to match the specific needs of every individual client.

What are Tagetik 4-0's cons? (2 cons)

  • Tagetik 4 lacks the additional operation-specific management features of its competitors.
  • Tagetik 4 does not come with a wide range of financial accounting features.

Who are their main alternatives?

Some of the key competitiors for Tagetik are Adapative Suite and Host Analytics.

Adaptive Suite is a corporate performance management solution that is available in the cloud and offers APIs to integrate with third party applications. Its key features include a collaboration platform for forecasting & budgeting, with rolling forecasts that can be updated in real-time, as well as consolidation to improve the financial closing process. Additionally there are business intelligence tools with dashboards & scorecards for performance analysis, as well as support for financial reporting needs.

Tagetik on the other hand is a similar solution which is offered both on premise as well as in the cloud. While it includes the main features of Adaptive Suite, it also provides options for corporate governance, compliance and risk management as part of its performance evaluation tools. Additionally while it includes a collaboration platform it also provides financial disclosure reporting to meet regulatory requirements for performance review.

Then there is Host Analytics which is a cloud based financial planning & consolidation application. It includes options for financial scenario modeling with specific applications for resource, asset & revenue planning. Additionally it supports financial governance & regulatory reporting standards, with options to integrate to other applications as well. Other options include sales forecasting & territory planning to improve the selling process, with commission planning to better incentivize the sales staff.

Tagetik does not focus on sales performance & planning, but it does include production planning & cost management for manufacturing. Additionally the product can also be accessed via mobile devices and has certified integration with SAP & Microsoft as a specialized performance tool.

What is the cost of Tagetik 4-0?

The cost of license starts at $2,240 per user/month. On top of the total cost of licenses which is easy to calculate - what is the REAL total cost of implementation? You need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 10 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for Tagetik 4-0

What should you ask Tagetik during a demo session? (65 questions)

Schedule a demo with Tagetik 4-0 and access 65 must ask questions for the vendor while watching Tagetik 4-0 in action.

Tagetik 4-0's list of categories:

Budgeting & CPM
Financial reporting
Financial consolidation
Payroll Accounting
Business Intelligence
Business performance management
Cloud BI
Dashboards & KPIs
Mobile BI
Predictive analytics
Capital Program Management
Project Management

Tagetik 4-0's list of features:

Audit Trail
Balance Sheet
Billing & Invoicing
Budgeting & Forecasting
Cash Flow
Credit Card Processing
P&L Statement
Purchase Orders
Sales Reporting
Time & Expense

Tagetik 4-0 Vs. Alternatives

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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.