Tagetik 4-0 Review - why 4.3 stars?

Shlomi Lavi / updated: Nov 22, 2022

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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.

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Who is it best for?

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.

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 is the actual cost?

The cost of license starts at $50,000 per feature. ITQlick pricing score is 10 out of 10 (10 is most expensive). Access ITQlick pricing guide for Tagetik 4-0. You can also find here pricing information from Tagetik 4-0's website.

Pros

• Tagetik 4-0 is simple for technical and non-technical individuals
• It simplifies and collaborates consolidation and reporting
• The program is adaptable, simple to implement, and seamless
• 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.

Cons

• Users report that the website occasionally freezes and crashes
• Tagetik 4 does not come with a wide range of financial accounting features.
• More comprehensive customer support is available locally and not directly on the company's main website.
• Tagetik 4 is not accessible from Android and Windows mobile devices, even though it works with iOS and Blackberry devices.
• The software can be fully integrated only with a limited number of comprehensive business management tools such as SAP Business All in One.

How it stacks up?

Access a head to head analysis of Tagetik 4-0 vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is Tagetik 4-0 right for you or your business?

Tagetik 4-0 is a business performance management system built for the automotive, banking, and financial services industries. Businesses in construction and engineering is also fit to use this software. Customers of Tagetik 4-0 include Metro Group, Rabobank, Randstad, and others.