Trader Media Selects Tagetik to Replace Existing Consolidation and Reporting System
By Tagetik, PRNEMonday, October 11, 2010
LONDON, October 12, 2010 - Tagetik, a global provider of Performance Management, Enterprise
Governance, Risk & Compliance and Business Intelligence software solutions,
today announced that Trader Media Group has selected Tagetik 3.0 to simplify
the complexity of its consolidation and reporting processes. Trader Media
Group (www.tradermediagroup.com), one of Europe's largest multi-media
publishers and the publisher of Auto Trader, will use Tagetik 3.0 to execute
a faster month-end close and improve the consolidation of group results to
meet both Group management reporting and external reporting requirements.
As one of Europe's largest specialist multi-media publishers, Trader
Media Group operates the number one UK marketplace for motorists and is
regarded as the place where buyers and sellers come together, offering
unrivalled response to customers' advertisements. Visibility to financial
transactions is key to the efficient running of the organisation, as is the
management of increasingly complex management and statutory reporting
requirements. Trader Media therefore decided to replace its Infor FDC
consolidation and reporting system with Tagetik 3.0.
"Rapid digital growth has made us one of the largest publishing groups of
our kind and we're constantly looking at new technologies to help us continue
to support the delivery of the best possible service to our customers, which
is why we've decided to replace our Infor FDC system with Tagetik 3.0,"
explained Stephen Lane, Group Financial Controller, Trader Media Group.
"Tagetik will give us a greater degree of automation which will significantly
free up staff time for other tasks, automate processes we were struggling to
manage efficiently with FDC, and provide us with greater transparency.
Furthermore, Tagetik's unified approach to other financial processes, such as
Planning & Forecasting, was an important factor making it easier to expand
our use of Tagetik into other areas."
"Tagetik 3.0 provides the perfect solution for Trader Media to work more
effectively without completely re-engineering processes and provides a
solution that will scale as the company continues to grow, and removes the
unnecessary need for highly manual processing. Tagetik 3.0 provides the
perfect platform for implementing a functionally rich Performance Management
application," explains Shak Akhtar, Managing Director, Tagetik UK and
Ireland.
"We are delighted to welcome Trader Media to our growing list of global
customers; this shows that Tagetik 3.0 is right on track with exactly what
the market needs," comments Manuel Vellutini, Chief Operating Officer at
Tagetik. "Companies today need to continually review existing technologies to
ensure they have a solid platform for growth and I'm delighted that Trader
Media has selected Tagetik 3.0 as a replacement for its old platform."
About Tagetik
Tagetik - a Microsoft Gold Certified Partner - delivers a unified
software solution to support Performance Management and Enterprise
Governance, Risk & Compliance, 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
Corporate Press Contact: Elisabetta Pierallini +39-0583-96811 press@tagetik.com US Press Contact: Alessandra Gamba +1-203-391-7520 alessandragamba@tagetik.com UK Press Contact: Caroline Powell +44-(0)20-8297-5388 carolinep@jdmarketing.co.uk
Corporate Press Contact: Elisabetta Pierallini, +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
Tags: London, October 12, Tagetik, United Kingdom