Berendsen Selects Tagetik for Consolidation and Reporting

LONDON and LUCCA, Italy, October 27, 2011 -

Performance Management software to manage Group‘s financial results tightly integrated with Microsoft SQL and Office products

Tagetik, a global provider of enterprise software solutions for Performance Management, Governance, Risk & Compliance and Business Intelligence, today announced that Berendsen plc, a focused European textile service business which operates in 15 countries and a FTSE 250 company, has selected the Tagetik solution to simplify its consolidation and reporting processes.

Berendsen plc (www.berendsen.com) will replace a legacy system with Tagetik for consolidation of Group results to meet both Group management reporting and external reporting requirements. Tagetik’s Performance Management software will run on a Microsoft SQL Server Enterprise Edition database and is able to collect information from multiple ERP systems. The software also incorporates Microsoft Excel, Word, and other familiar Office products as user-friendly interfaces.

“We selected Tagetik after a detailed evaluation of the marketplace because of the product and commitment of their people. Tagetik’s unified approach to other financial processes such as planning and forecasting was also an important factor making it easier to expand our use of the platform into other areas,” explains Sneha Mavani, Group Financial Controller at Berendsen. “We have gone live with the Group reporting system and are now moving to other areas of Performance management.”

“Tagetik provides the perfect solution for Berendsen which will scale beyond the Group to the wider organization,” adds Shak Akhtar, Managing Director at Tagetik UK.

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About Berendsen

Berendsen plc (previously called The Davis Service Group plc) is a focused European textile service business with leading positions in most of the countries in which it operates. It’s operating units trade under the main brands of Berendsen, Sunlight and Spring Grove in 15 countries.

Berendsen provides service solutions to source, clean and maintain the textiles that our customers need to keep their operations running. It leverages its buying power, logistics system and considerable know how to provide a cost effective service.

To learn more:www.berendsen.com

About Tagetik

Tagetik is 100% dedicated to simplifying and streamlining business processes for the Office of Finance to accelerate informed decisions that achieve strategic goals. Our award-winning Tagetik 4.0 Performance Management software is the ideal solution for global companies that seek a clearly superior level of financial expertise in a single unified solution for planning, forecasting, consolidation, close, reporting, profitability management, disclosure, governance, risk, compliance, and analysis.

Tagetik is a rapidly growing global company with operations in more than 20 countries and 500 customers yet provides a “boutique” experience by focusing solely on the needs of finance and doing it better than anyone else.

To learn more: www.tagetik.com

Tagetik Corporate Press Contacts:
Elisabetta Pierallini
Luca Pieretti
+39-0583-96811
press@tagetik.com

Tagetik UK Press Contact:
Paul Burtenshaw
+44(0)203-1784526
paulburtenshaw@tagetik.com

Tagetik US Press Contact:
Alessandra Gamba
+1-203-391-7520
alessandragamba@tagetik.com

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