Beghelli Sheds New Light on Business With Tagetik 3.0

By Tagetik, PRNE
Wednesday, April 13, 2011

Worldwide Manufacturing Group Supports Growth Through Unified Solution for Budgeting, Production Cost Planning and Control

LUCCA and MONTEVEGLIO, Italy, April 14, 2011 - Tagetik, a global provider of Performance Management, Financial
Governance and Business Intelligence software solutions, today announced that
the Beghelli Group ( will deploy a centralized
performance management solution based on Tagetik 3.0. The Italian and
European emergency lighting market leader will use the software to control
production costs, improve planning and forecasting as well as monitor
purchases and inventory across the organization.

Specifically, Beghelli will use Tagetik 3.0 to centralize table
structures for single product items and suppliers that are currently
scattered across different ERP systems throughout the group. It will also
optimize its procurement processes so that it can assess how individual
purchases can affect group income before they are made, speed up and improve
business workflow and calculating cost estimates. Finally, the project also
intends to develop a structured, production planning and forecasting approach
throughout the group. Due to its size, the implementation will be broken down
into four phases between January and October 2011.

"In order to support our ongoing growth and increase our competitive
advantage, we decided to implement a solution that can centralize and
streamline our procurement activities, optimize inventory and product costs
as well as accelerate monitoring processes," explains Luca Beghelli, Managing
Director at Beghelli. "We selected Tagetik 3.0 because it provides rich,
built-in capabilities and industry-specific functionalities that were
tailored and developed from Tagetik's hands-on experience in working with
leading manufacturing companies with facilities worldwide."

"We are very excited to work with an organization with such a great
reputation and reliability not only in the Italian market but also across
Europe, the Americas and Asia, with a distribution network that comprises all
five continents which clearly demonstrates the international spirit of the
company," adds Manuel Vellutini, EVP Chief Operating Officer at Tagetik. "By
using our latest, vertical application for manufacturing industries, Beghelli
will be able to manage production planning cycles of its complex
organizational structures, in a unified, structured and audited environment."

"The use of a single software solution will allow business professionals
at Beghelli to notably shorten planning execution time, improve the quality,
visibility and transparency of data and reduce total cost of ownership for
CPM throughout the group," Vellutini concludes. "The Beghelli management team
will also profit from more effective planning, monitoring and reporting,
increased support into its decision-making processes and involvement of all
functions in the business workflow - with approval and certification of data
at each level."

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About Beghelli Group

Founded in 1982 by Gian Pietro Beghelli, the Beghelli Group is a leader
in the Italian and European markets for emergency lighting. The group also
operates in the fields of energy-saving lighting, photovoltaic systems and
electronic security systems for domestic, industrial and urban safety.
Beghelli, which has been listed on the Milan stock exchange since 1998, is
truly a global company that exports a global brand in the lighting industry.
The group based in Italy also includes seven other international research,
production and trading sister companies in the Czech Republic, Germany, USA,
Canada, Mexico, Asia and China.

About Tagetik

Tagetik delivers a unified software solution for Performance Management,
Enterprise Governance, Risk & Compliance, and Disclosure Management with
specialized Business Intelligence tools to optimize Collaboration and

Tagetik 3.0 creates value by simplifying complex business processes for
CFOs and CIOs: budgeting, forecasting, cash flow planning, statutory and
management consolidation, cost allocation, profitability analysis, financial
close and fast closing, dashboard, scorecarding, collaborative disclosure
management and compliance/industry requirements. Tagetik 3.0 is the solution
to translate strategy into operations, manage and control overall performance
down to business transactions, and improve decision-making across the whole
organization while achieving faster ROI and lower total cost of ownership
(TCO). Tagetik's vision to extend Performance Management and Business
Intelligence to collaborative decision-making inspired us to develop Tagetik
3.0 Enabled by Microsoft SharePoint, moving CPM from Corporate to
Collaborative Performance Management.

Tagetik operates in 18 countries leveraging a close partnership with
Microsoft. Its market experts are totally committed to the success of 400
customers worldwide, including some of the largest Fortune 1000 companies
representing all industry sectors, as well as to build strong relationships
with system integrators, technology leaders and local consulting specialists.

Tagetik is a Microsoft Gold Independent Software Vendor (ISV).

To learn more:

    Corporate Press Contacts:
    Elisabetta Pierallini
    Luca Pieretti

    UK Press Contact:
    Shak Akhtar
    Managing Director

    US Press Contact:
    Alessandra Gamba


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