CPM is a Solution for Managing the Fast Growth at UniCredit Group

Leading Industry Analyst Firm Analyses Tagetik and UniCredit Group Longstanding Corporate Performance Management Projects

LUCCA, Italy, March 8, 2010 - Tagetik, a global provider of Corporate Performance Management (CPM) and
Financial Governance software solutions, today announced the availability of
a new piece of research published by Gartner, Inc (NYSE:IT), "Case Study: CPM
is a solution for managing the fast growth at UniCredit Group" through the
Tagetik website.

UniCredit Group has implemented Tagetik 3.0 to unify Corporate
Performance Management (CPM) processes: group data collection and
consolidation of regulatory reporting, management and statutory reporting,
budgeting and forecasting, executive dashboard, and financial reporting with
group key performance indicators (KPIs) index.

Back in 2003, the company selected Tagetik 3.0 to manage and control its
financial performance on group, regional and divisional levels with a single
solution and chart of accounts for the entire group. In the past eight years,
UniCredit Group has incrementally deployed 10 successful projects in three
phases following a well-documented, high-level, long-term performance
management strategy. Today, over 3,000 worldwide users manage the group's
financial and regulatory consolidation process, whose key figures include
approximately 500 consolidated companies (70% fully consolidated), and more
than 6,000 financial accounts open on over 10 custom dimensions.

"Some of the world's strongest and most visionary banks and financial
institutions, such as UniCredit Group, are using Tagetik 3.0 with successful
results, receiving a highly intuitive, user-friendly solution which is fast
to deploy and easy to maintain without costly external consultants or IT
experts," explains Manuel Vellutini, Chief Operating Officer at Tagetik. "Due
to the sheer size of the group, UniCredit opted for a modular Corporate
Performance Management rollout to ensure short project cycles, fast results
and high user satisfaction. In addition to minimizing manual work, the
web-based solution delivers consistent information, transparent audit trails
and documented workflows across all processes, having simplified both
deployment and maintenance throughout the group."

The entire research report is available for reading either directly from
Gartner or via the dedicated page on the Tagetik website:

www.tagetik.co.uk/downloads/case-studies/cs-unicredit-gartner

About Tagetik

Tagetik delivers a unified software solution to support Performance
Management and Financial Governance plus extended Business Intelligence,
Collaboration and Communication. Tagetik 3.0 creates value by simplifying
complex business processes for CFOs and CIOs: budgeting, planning and
forecasting, consolidation and reporting, financial governance, strategy
management, profitability modeling, working capital analysis 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 operates in 13 countries leveraging a close partnership with
Microsoft. Its market experts are totally committed to the success of 400
worldwide customers, including some of the largest Fortune 1000 companies and
representing all industries, as well as to foster synergies with system
integrators, technology leaders and local consulting specialists. To learn
more: www.tagetik.com

    Press contact:
    Caroline Powell
    +44(0)208-297-5388
    carolinep@jdmarketing.co.uk

Press contact: Caroline Powell, +44(0)208-297-5388, carolinep at jdmarketing.co.uk