Tagetik and Microsoft Focus on the Added Value of Collaboration

By Tagetik, PRNE
Monday, November 29, 2010

Joint Solution Enriches Financial, Operational Processes and Data Analysis With Advanced Business Communication and Collaboration Tools

MILAN, Italy, November 30, 2010 - Tagetik, a global provider of enterprise software solutions for
Performance Management, Governance, Risk & Compliance and Business
Intelligence, and Microsoft today hosted a round table discussion at Palazzo
Mezzanotte, home of the Italian Stock Exchange. At this event, business and
IT professionals had the opportunity to discuss with executives from both
software vendors the importance of collaboration in performance management,
corporate disclosure processes as well as Tagetik 3.0's tight integration
with 'Microsoft Productivity' technologies.

"Collaboration plays such a crucial role in budgeting, consolidation,
reporting and the financial close because it helps companies take control of
these processes and not just measure results," explains Manuel Vellutini,
Chief Operating Officer at Tagetik. "The main challenge for companies today
is to involve the entire organization in managing and controlling business
activities. By facilitating collaboration in performance measurement and
management processes, they can effectively communicate goals to different
operational teams throughout the organization (sales, marketing, production,
internal audit, …). As a result, all business areas can work together on
joint activities and make more effective decisions - regardless if they are
sitting in the same office or scattered throughout the world."

"Companies need easier ways to implement their strategies and streamline
decision-making processes that involve multiple functions throughout the
organization," adds Marco Mattei, Vice President for Advanced Applications at
Tagetik. "Especially in the case of highly pervasive activities such as
planning and budgeting at strategic, corporate and operational levels, it is
essential today to adopt a proactive rather than a reactive approach."

The round table also discussed the importance of collaboration in
financial reporting and corporate disclosures. Since producing and
communicating financial information is often a centralized, highly manual
process, most companies still lack adequate controls and worklows.

"The growing gap between structured, non-structured information and
reports for internal and external stakeholders often leads to less accurate
data, production delays, inconsistency and a higher risk of error," explains
Vellutini. "The latest software release 'Tagetik 3.0 Collaborative Disclosure
Management' (www.tagetik.it/software/disclose) targets financial
statement production with XBRL tagging to create a highly collaborative,
transparent disclosure process that can be used standalone or as part of our
unified CPM suite. Since the system gathers financial data and individual
footnotes from any consolidation and ERP systems and stores information in a
single repository, users can track and approve the data more easily. As a
result, they can quickly produce regulatory reports - such as the U.S. SEC
reports -, IAS financial statements, annual reports, board books and other
documents required either by regulatory bodies or internal policies, with
full XBRL support."

Following the discussion, Tagetik and Microsoft also presented their
joint solution for 'Collaborative Performance Management', Tagetik 3.0
Enabled by Microsoft(R) SharePoint(R) Server 2010 (
www.tagetik.com/software/bi). This platform offers unparalleled
capabilities for improving teamwork and communication as well as searching
and sharing information with business intelligence and performance management
tools to better manage and analyze financial processes. In addition to
SharePoint Server, it also provides a seamless integration with Microsoft
Office, SQL Analysis Services and Reporting Services as well as Microsoft
Dynamics(R) ERP and Microsoft Dynamics(R) CRM software solutions.

"Microsoft Office SharePoint Server 2010 enriches the business processes
and information in Tagetik 3.0 with Microsoft Dynamics data (
www.microsoft.com/dynamics)," adds Roberto Andreoli, Microsoft
Dynamics Marketing Manager at Microsoft Italy. "Through its native
integration with Microsoft Dynamics CRM, for example, companies can easily
roll out collaborative and analytical CRM capabilities in one fully
integrated, easy-to-use platform. This makes it easier to manage structured
and unstructured data in order to support sales, marketing and customer
service management processes."

"The technology to drive 'collaborative performance management' is
available today," concludes Vellutini. "Our job now is to show managers how
collaboration and communication tools can effectively drive business
performance for years to come."

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 Certified Partner. To learn more:

    Corporate Press Contacts:
    Elisabetta Pierallini
    Luca Pieretti

    US Press Contact:
    Alessandra Gamba

    UK Press Contact:
    Caroline Powell

Corporate Press Contacts: Elisabetta Pierallini, Luca Pieretti, +39-0583-96811, press at tagetik.com . US Press Contact: Alessandra Gamba, +1-203-391-7520, alessandragamba at tagetik.com . UK Press Contact: Caroline Powell, +44(0)20-8297-5388, carolinep at jdmarketing.co.uk .

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