University of St.Gallen Cooperates With PricewaterhouseCoopers AG and Tagetik

By Tagetik, PRNE
Wednesday, December 8, 2010

Cooperation Between University, PwC and Software Vendor for Performance Management and Business Intelligence

LUCCA, Italy, VIENNA, Italy, ZURICH and MUNICH, December 9, 2010 - Tagetik, a global provider of enterprise software solutions for
Performance Management, Governance, Risk & Compliance and Business
Intelligence which is represented in the German-speaking countries by pmOne
AG (, today announced the launch of its collaborative
project with PwC Switzerland ( and theUniversity of St.
Gallen (

The joint project will provide students attending the Masters course
'Consolidated Accounting' - offered by the Institute of Accounting,
Controlling and Auditing of the University of St.Gallen -an outstanding
experience to handle the basics on financial consolidationas well as to apply
the International Reporting and Accounting Standards (IFRS) to actual cases.

The university has decided to add Tagetik 3.0's complete software
solution for Corporate Performance Management (CPM) asa computer-based
self-study program to its current course and PwC will support the higher
education institution in preparing the case studies and building up the
consolidation capabilitieswithin the Tagetik'sapplication. As a result,
students will be able to solve consolidation transaction issues using the
software Tagetik 3.0 startingfromSpring 2011, thus making the course that
much more closer to real life business scenarios.

"For over a hundred years the university of St.Gallenhas provided
students with an optimal mix of research and practical experience," explained
Chair Prof. Dr. Thomas Berndt, Department of Accounting, Controlling and
Auditing (ACA). "For this reason, we have decided to venture in a joint
project with Tagetikand PwC to expand our expertise in Performance Management
and Business Intelligence and allow maximum performance in teaching and
research throughout our Institute of Accounting, Controlling and Auditing".

"As the major provider of assurance and advisory services, it is in our
interest to have graduates of the University of St.Gallenwho acquire
excellent training that is as close to reality as possible," said Roger
, Partner PwC, Leader of the Business Reporting. "Including
realistic consolidation accounting cases in the University of St.Gallen
courseusing Tagetik 3.0 state-of-the-art tool is an important step
for the university in this direction."

"We are honored to be a part of such an ambitious and empowering project
with industry experts, PwC and the University of St.Gallen," commented Manuel
Chief Operating Officer at Tagetik. "I believe it is essential for
future managers,to confront the difficulties and complexities that exist in
real business scenarios throughout their studies. The opportunity to have
hands-on experience using a software that is designed to manage and control
the corporate performance of daily business activities is a great advantage
for students, making them aware of how important it is to have an accurate
and flexible system for data measurement and analysis. This partnership
allows to pass on a great 'culture' of financial processes as it meshes
highly complex topics drawn from academia, research, training and practice."

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
Intelligenceto 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:

Background information on PwC

PwC Switzerland ( provides industry-focused assurance,
tax, legal and advisory services to build public trust and enhance value for
its clients and their stakeholders. More than 161,000 people in 154 countries
across the global network of PwC firms share their thinking, experience and
solutions to develop fresh perspectives and practical advice.

"PwC" is the brand under which member firms of PricewaterhouseCoopers
International Limited (PwCIL) operate and provide services. Together, these
firms form the PwC network. Each firm in the network is a separate legal
entity and does not act as agent of PwCIL or any other member firm. PwCIL
does not provide any services to clients. PwCIL is not responsible or liable
for the acts or omissions of any of its member firms nor can it control the
exercise of their professional judgment or bind them in any way.

Background information on pmOne AG

pmOne AG Munich and Vienna is one of the fastest growing companies in the
market for business intelligence and performance management (CPM). It began
life at the beginning of 2007 with a long-standing team of BI experts; pmOne
AG currently markets and implements company management solutions all over
Central Europe. In German-speaking Europe, the company currently employs more
than 100 employees at 6 locations all of whom are specialised in solutions
for data warehousing as a technical base and in financial applications used
for corporate planning, reporting and consolidating on the basis of Microsoft
technologies. The company is currently fully held by its Management and its

    Corporate Press Contacts:
    Elisabetta Pierallini
    Luca Pieretti

    Switzerland | Austria | GermanPress Contacts:
    Stefan Sexl
    Tim Erben

Corporate Press Contacts: Elisabetta Pierallini, Luca Pieretti, +39-0583-96811, press at Switzerland | Austria | GermanPress Contacts: Stefan Sexl, Tim Erben, +49-89-642-499-0, germany at

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