Tagetik Webcast Delves Into XBRL Reporting and Disclosure Management

LUCCA, Italy, June 9, 2011 -

- Expert Panel Discusses why Disclosure Reporting Should be a top
Priority for Finance Executives

Tagetik, a global provider of enterprise software solutions for
Performance Management, Governance, Risk and Compliance, and Business
Intelligence, today hosted a one-hour Web seminar on disclosure management. A
small panel of experts discussed the growing need for an automated,
collaborative solution to manage corporate disclosures, create statutory
filings and fulfill external, internal and XBRL reporting requirements.

"Nowadays, disclosure management and reporting means aggregating
information from multiple stakeholders in Investor Relations, Corporate
Communications, Legal and other departments across the organization to
produce a single document," says Manuel Vellutini, Executive Vice-President
and Chief Operating Officer at Tagetik. "Although most companies have made
substantial investments in financial applications, their disclosure processes
remain manual, disjointed and error-prone."

Discussing this critical scenario facing finance departments were: John
van Decker, Vice-President for Research at Gartner; Jaideep Shah, XBRL
Business Manager at Fujitsu America; Mark Corsetti, Vice-President and
General Manager at Tagetik North America; and Alessio Lolli, Software
Specialist at Tagetik. These experts agreed that a streamlined, automated
process for collaboration, compliance and control is needed throughout the
entire disclosure cycle.

"CFOs are forced to meet ever-growing and more stringent compliance
requirements such as XBRL within tighter deadlines and without incurring
additional costs or resources," continues Vellutini. "These filing
requirements will only continue to expand, making compliance more difficult,
time-consuming and expensive. That's why organizations need Tagetik CDM, a
solution that can make the traditionally serial process of disclosure and
reporting a truly collaborative one."

"In addition, Tagetik CDM works seamlessly with Interstage(R) XWand(R), a
leading innovation in XBRL technology solutions from Fujitsu," adds Marco
Pierallini, Executive Vice-President and Chief Development Officer at
Tagetik. "Our company is also a proud member of XBRL US, Inc. (
xbrl.us/), which supports the implementation of XML business reporting
standards and promotes XBRL adoption through marketplace collaboration."

A recording of this Webcast will be soon available at
www.tagetik.com

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
Communication.

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: www.tagetik.com

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

    UK Press Contact:
    Shak Akhtar
    Managing Director
    +44(0)8708510540
    shakakhtar@tagetik.com

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

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