Tagetik 4-0 Review

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Last updated: Mar 09, 2020

Tagetik 4-0 Review

ITQlick rating
(4.3/5)

Starting from $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 (4/15):

    • Budgeting & CPM
    • Financial reporting
    • Financial consolidation
    • Payroll Accounting

Shlomi Lavi / updated: Mar 09, 2020

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.

Average Rating -

The rating of Tagetik 4-0 is 4.3 stars out of 5. The rating is based on ITQlick expert review.

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.

Features

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.

Tagetik 4-0 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.

Tagetik 4-0 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.

Competitors & 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.

Tagetik 4-0 Pricing Information

The cost of license starting from $2,240 per user/month. The experts at ITQlick has reviewed Tagetik 4-0 pricing and gave the software a total cost of ownership (TCO) rating of 10 out of 10. Custom price cost for your business is available upon request.

Questions to ask the vendor during a demo

Schedule a demo and access 25 must ask questions for the vendor while watching Tagetik 4-0 in action

Tagetik 4-0 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

Specifications

Company:
Address: Province of Lucca, Italy
Customers: Medium business, Large business
Business Area: Other
Platforms: Desktop, Mobile, Cloud
Operating Systems: Mac OS, Windows, Linux

Tagetik 4-0 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

Tagetik 4-0 Vs. Alternatives

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 score, 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)
Hosting
Functionality score
Fit small business
Fit medium business
Fit large business
Software review
Compare
Tagetik
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
85/100
Pricing score 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
Hosting
On premise and Cloud
Functionality score
29
Fit small business
Fit medium business
Fit large business
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4.2/10
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$9,995 per license
Hosting
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14
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Anaplan
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
89/100
Pricing score 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
Hosting
On premise and Cloud
Functionality score
24
Fit small business
Fit medium business
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Software review
Budget
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
87/100
Pricing score 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
Hosting
On premise and Cloud
Functionality score
29
Fit small business
Fit medium business
Fit large business
Software review
Infor
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
86/100
Pricing score 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
2.6/10
License pricing license pricing (if provided by the software vendor)
$150 per user/month
Hosting
NA
Functionality score
38
Fit small business
Fit medium business
Fit large business
Software review