Tagetik

What is tagetik

Tagetik is a corporate performance management (CPM) platform offered by Wolters Kluwer that combines financial close and consolidation, planning and budgeting, management and statutory reporting, and disclosure management in a single application. The product supports both on-premises and cloud deployments and is targeted at finance organizations in mid-market and large enterprises that require centralized data, auditability, and integrated workflows across accounting, planning, and reporting.

Tagetik is built around a unified data model that keeps transactional and dimensional data consistent across consolidation, planning, and reporting. That common model reduces reconciliation work between systems and enables faster month-end close, rolling forecasts, and management reporting. The platform includes prebuilt templates and regulatory packages for common accounting standards and reporting frameworks.

Typical buyers include finance directors, FP&A managers, group controllers, and corporate reporting teams. Tagetik is commonly deployed where organizations need to consolidate multiple legal entities, apply intercompany eliminations and adjustments, produce statutory and management packs, and run collaborative driver-based planning across finance and operational lines of business.

Tagetik features

Tagetik includes a broad set of features organized around financial close, planning, reporting, and analytics. Below are core capabilities and examples of how they are typically used by finance teams.

• Core consolidation: Multi-entity consolidation and group close with intercompany elimination rules, minority interests, currency translation, and consolidation adjustments. The module supports IFRS and local GAAP workflows and a full audit trail of journal entries and adjustments.
• Financial close management: Close checklists, task sequencing, workflow-driven approvals, and automated reconciliations to reduce manual steps in period close. The platform records task ownership, status, and evidence attachments for SOX and internal control requirements.
• Planning and budgeting: Integrated driver-based planning, rolling forecasts, and driver libraries that let finance link financial plans to operational drivers. Scenario management and what-if analysis allow parallel plans and sensitivity analysis.
• Management and statutory reporting: Report books and disclosure management with narrative text, tables, and figures assembled into board books or statutory filings. The system supports pixel-perfect layouts and automation of recurring reports.
• Regulatory and tax compliance: Templates and functionality for statutory packs, tax provision calculations, and support for regulatory filing workflows depending on country and standard.
• Analytics and reporting: Built-in BI-style reporting, ad-hoc analysis, dashboards, and connectors to external analytics tools. Users can create dynamic management reports tied to the unified data model.
• Integrations and data management: Connectors to popular ERPs, data warehouses, and data integration tools. The platform accepts flat files, database connections, and API-based feeds for automated data loads.
• Security and auditing: Role-based access control, row-level security, full transaction history, and audit logs to meet internal and external compliance requirements.

Each major area includes prebuilt templates and industry-specific content (e.g., banking, insurance, manufacturing) to accelerate implementation. Tagetik also exposes APIs and connectors for automation and integration with the broader enterprise architecture.

What does tagetik do?

Tagetik centralizes finance processes so teams can close the books, consolidate results, produce management and statutory reports, and manage planning cycles from a single platform. It replaces disconnected spreadsheets, manual journal flows, and point tools by keeping financial data in one governed repository with versioning and audit trails.

The system automates consolidation calculations (currency translation, minority interests, intercompany eliminations), enforces close tasks and approvals, and provides planning engines for driver-based budgets and rolling forecasts. Report authors can combine numbers and narrative in a managed disclosure process to produce board packs and regulatory submissions.

Tagetik also exposes integration patterns for ERP ingestion, BI consumption, and downstream data distribution. This allows finance data to feed visualization tools, tax engines, payroll systems, and other applications while keeping the finance system of record intact.

Tagetik pricing

Tagetik offers these pricing options:

• Free Plan: Not available for the core CPM product; Tagetik is a commercial enterprise product typically sold via subscription or perpetual license with professional services.
• Starter: $15,000/year–$30,000/year (approximate entry-level cloud deployments for a small number of modules and limited entities; quote-based). This option covers a small implementation with essential consolidation or planning functionality.
• Professional: $40,000/year–$120,000/year (approximate mid-market deployments that include consolidation, planning, reporting, and integrations). Pricing varies by number of legal entities, users, and modules.
• Enterprise: $150,000/year+ (large deployments with multi-country regulatory requirements, high user counts, advanced integrations, and premium support). Enterprise deployments are custom-priced and often include implementation services.

Pricing for Tagetik is primarily quote-based and depends on deployment model (cloud vs on-premises), selected modules, number of legal entities, data volumes, and level of implementation services. Typical commercial models include annual subscription fees for cloud, perpetual license with annual maintenance for on-premises, and professional services for implementation and configuration. Check Tagetik's product pages for official product descriptions and to contact sales for an exact quote.

How much is tagetik per month

Tagetik starts at approximately $1,250/month for very small cloud deployments when annualized pricing is broken into monthly equivalents; commercial licensing is usually sold as an annual subscription or perpetual license and is quote-based. Monthly equivalents vary widely depending on modules and scale.

Smaller deployments focused on a single module (for example consolidation only) can be priced on a lower monthly equivalent, while full-suite cloud implementations with multiple modules and integrations will have significantly higher monthly equivalents. Contact Tagetik sales via their official site to request a tailored monthly estimate.

How much is tagetik per year

Tagetik costs roughly $15,000/year to $200,000+/year depending on module selection, user counts, number of entities, and support requirements. Mid-tier implementations commonly fall in the $40,000/year–$120,000/year range for cloud subscriptions, while enterprise-scale rollouts exceed $150,000/year.

Because pricing is highly variable, Tagetik typically provides formal pricing through a proposal after scoping the required modules, integrations, and implementation services. For current commercial options and to request a quote, review Tagetik's product pages and contact channels.

How much is tagetik in general

Tagetik pricing ranges from approximately $15,000/year to $200,000+/year. The wide range reflects differences between simple, single-module deployments and full-suite enterprise implementations with global consolidation, planning, reporting, and premium support.

Common cost components include software subscription or license fees, implementation and consulting services, data migration, integration connectors, user training, and ongoing maintenance or managed services. Budget planning items often listed by buyers include Implementation services: initial configuration and data migration, Integration costs: ERP and data warehouse connectors, and Training and support: end-user onboarding and administrator training.

For accurate numbers, request a tailored proposal from Tagetik based on your company size, regulatory requirements, and the specific modules you intend to deploy.

What is tagetik used for

Tagetik is used for financial consolidation and close, planning and budgeting, management and statutory reporting, and disclosure management across multi-entity organizations. Finance teams use it to reduce manual reconciliations, shorten close cycles, and provide more timely forecasting and analysis to executives.

Common business scenarios include group consolidation at month-end, automated intercompany processing, preparing statutory and management packs, driver-based workforce and revenue planning, and scenario planning for strategic decisions. The platform is also used to support regulatory filings and tax provisioning where audit trails and standardized processes are required.

Beyond core finance functions, Tagetik is used as a data source for analytics and business intelligence workflows. Finance-managed KPIs and plan versions can be surfaced in dashboards or embedded into enterprise reporting to align finance and operational teams.

Pros and cons of tagetik

Tagetik provides a deep feature set for finance processes, but like all enterprise software it has trade-offs. Below are typical strengths and considerations based on common customer experiences.

Pros:

• Comprehensive functionality: Tagetik covers consolidation, close, planning, reporting, and disclosures in a single platform, reducing the need for multiple point tools.
• Unified data model: A single source of truth reduces reconciliation overhead and improves auditability across financial and operational planning processes.
• Finance-focused features: Prebuilt accounting logic, regulatory templates, and disclosure management address common finance requirements without extensive customization.

Cons:

• Enterprise focus and cost: Tagetik is designed for mid-market and enterprise organizations and pricing, implementation effort, and governance can be substantial for smaller teams.
• Implementation complexity: Full-suite deployments often require experienced consultants and multi-month projects to configure integrations, legal entity hierarchies, and reporting templates.
• Customization vs. agility: Extensive customization can lead to longer upgrade cycles; organizations should weigh configuration choices against future maintenance costs.

Organizations evaluating Tagetik should weigh the benefits of an integrated finance platform against the upfront implementation cost and the need for ongoing governance and training.

Tagetik free trial

Tagetik does not commonly advertise a public free trial for its enterprise CPM suite. Enterprise CPM platforms like Tagetik are typically sold with a demonstration, proof-of-concept (POC), or a scoped pilot engagement rather than an open trial because implementations involve configuration of legal entities, mappings, and integrations.

Prospective customers can request product demonstrations, arrange sandbox access in a controlled POC environment, or engage Tagetik implementation partners to build a limited pilot that exercises the key consolidation and planning workflows. These POC engagements help validate fit and clarify integration requirements before committing to a full rollout.

To initiate a demo or pilot, use Tagetik's official contact channels and product pages to request a demo or POC: view Tagetik's product pages and request a tailored demonstration.

Is tagetik free

No, Tagetik is not free. Tagetik is a commercial enterprise solution sold through subscription or license models and typically requires a paid engagement for implementation and configuration.

Smaller evaluation pilots or sandbox environments may be arranged during sales discussions, but they are part of a commercial evaluation process rather than an open, free tier for continuous use. To explore licensing options or request a pilot, contact Tagetik through their official site.

Tagetik API

Tagetik exposes integration capabilities through APIs and connectors designed to support automated data loads, extract processes, and integration with downstream analytics and ERP systems. Typical API capabilities include RESTful endpoints for data operations, web services for data exchange, and programmatic access for automation.

The platform supports common integration patterns such as batch data imports (flat files, CSV), direct database connections (ODBC/JDBC for data warehouses), and ETL-driven integrations via middleware. Many customers use ETL tools, iPaaS platforms, or custom scripts to map ERP general ledger data and subledger information into Tagetik's unified model.

For BI and analytics integration, Tagetik provides connectors and data extract facilities so Power BI, Tableau, and other visualization tools can consume finance-managed datasets. For developers, Tagetik documentation and partner resources describe supported APIs, authentication methods, and recommended patterns for secure integrations; refer to Tagetik's developer and product documentation on their site for specific API reference materials.

10 Tagetik alternatives

Below are alternative platforms that address similar corporate performance management, consolidation, planning, and reporting needs. Each alternative has different strengths — bold names indicate the vendor.

Paid alternatives to tagetik

• Oracle Hyperion: A mature enterprise CPM suite with deep consolidation and reporting capabilities, often used by large enterprises with complex financial structures.
• SAP BPC: Integrated with SAP ERP, SAP BPC offers consolidation and planning for SAP-centric landscapes with strong ERP connectivity.
• Anaplan: Cloud-native planning and modeling platform that emphasizes connected planning across finance and operations with flexible modeling and in-memory performance.
• OneStream: A unified CPM platform that combines consolidation, planning, reporting, and disclosure with a marketplace of prebuilt solutions and strong data integration features.
• Workday Adaptive Planning: Cloud-based planning focused on budgeting, forecasting, and scenario planning with a user-friendly interface and fast time-to-value for planning teams.
• Board: Combines BI, planning, and analytics in a single product with strong modeling and dashboarding for financial and operational planning.

Open source alternatives to tagetik

• Metabase: Open-source analytics and dashboarding tool that can handle reporting and ad-hoc queries; suitable for teams that can build planning processes on top of an open data model.
• Apache Superset: Open-source data visualization platform that teams can use to create management dashboards and exploratory reports backed by a data warehouse.
• ERPNext: Open-source ERP with finance modules that can be extended for multi-entity accounting and basic consolidation; suitable for smaller organizations or those willing to customize.
• Odoo (Community): Open-source ERP with accounting and reporting modules that can be adapted for some CPM use cases, often requiring extensions for consolidation and planning.

Open-source tools typically require more configuration and custom development to match the out-of-the-box consolidation and disclosure capabilities of Tagetik, but they can be cost-effective for organizations with development resources and simpler reporting needs.

Frequently asked questions about Tagetik

What is Tagetik used for?

Tagetik is used for financial consolidation, close, planning, and statutory and management reporting. Finance teams use it to centralize monthly close tasks, run consolidated financial statements across multiple entities, create board and statutory reports, and manage driver-based budgeting and forecasting.

Does Tagetik integrate with ERP systems like SAP and Oracle?

Yes, Tagetik integrates with major ERP systems including SAP and Oracle. It provides connectors, ETL patterns, and supported integration methods to import general ledger and subledger data and to maintain alignment between operational systems and the finance repository.

How much does Tagetik cost per user?

Tagetik pricing is usually quote-based rather than a fixed per-user rate. Costs depend on modules, the number of legal entities, deployment model, and implementation services; typical deployments are priced as annual subscriptions or perpetual licenses rather than a simple per-user monthly fee.

Can Tagetik be deployed in the cloud?

Yes, Tagetik is available as a cloud-hosted solution and as an on-premises installation. Many customers choose the cloud SaaS model for faster provisioning and reduced infrastructure management, while others select on-premises for specific governance or regulatory reasons.

Is Tagetik suitable for small companies?

Tagetik is primarily aimed at mid-market and enterprise organizations. While some smaller companies with complex consolidation or regulatory requirements may adopt the platform, standard small-business needs are often better served by lighter-weight planning and accounting tools.

Does Tagetik support IFRS and local GAAP reporting?

Yes, Tagetik supports IFRS and local GAAP reporting through configurable templates and reporting packs. The platform includes functionality for statutory reporting, notes, and disclosure management that helps satisfy local regulatory requirements and audit trails.

Can Tagetik replace spreadsheets for budgeting and consolidation?

Yes, Tagetik is designed to replace spreadsheet-based budgeting and consolidation processes. It provides governed data models, workflow controls, and audit trails that remove many manual reconciliation tasks and reduce close cycle time compared with spreadsheet-driven processes.

What integrations are available for business intelligence tools?

Tagetik offers data extract and connector options for BI tools like Power BI and Tableau. You can publish managed datasets or use ODBC/JDBC and REST interfaces to bring consolidated finance data into visualization tools for dashboards and executive reporting.

How secure is Tagetik for financial data?

Tagetik includes enterprise-grade security features such as role-based access control, encryption in transit, and audit logging. Security posture and compliance vary by deployment model and customer configuration; enterprises typically validate security controls as part of procurement and implementation.

What kind of implementation timeframe should organizations expect?

Implementation timelines vary from a few weeks for limited pilots to several months for full-suite rollouts. Timelines depend on scope, number of entities, integrations, and the extent of custom reporting; many customers engage certified partners to accelerate delivery and manage change across finance teams.

tagetik careers

Tagetik and its parent organization hire for roles across product engineering, finance domain consulting, implementation services, customer success, and support. Common positions include CPM consultants, solution architects, developers with experience in data integration, and product managers who understand financial reporting requirements.

Career paths in Tagetik projects often combine finance domain knowledge (consolidation, accounting standards) with technical skills (ETL, SQL, APIs) because successful implementations require both. Organizations hiring for Tagetik expertise frequently look for candidates with experience in CPM deployments or ERP integrations.

For roles at Wolters Kluwer or Tagetik practice teams, candidates can search corporate careers pages and partner firms that implement Tagetik. Typical job descriptions emphasize system implementation experience, knowledge of financial close processes, and soft skills for stakeholder management.

tagetik affiliate

Tagetik works with a global network of implementation partners and system integrators who act as resellers and consultants. These partners provide services that range from discovery and implementation to managed services and ongoing support. Affiliates often have prebuilt accelerators and industry-specific templates to speed deployments.

If you are interested in affiliate or partnership opportunities, Tagetik's channel program details are available through their corporate site and partner portal. Partners typically need technical certification and a demonstrated track record in finance transformations to qualify for higher-tier partnership levels.

Companies considering implementing Tagetik should evaluate partner capabilities, vertical experience, and references as part of vendor selection. Partner-led implementations are common and can significantly influence time-to-value and total cost of ownership.

Where to find tagetik reviews

Vendor review sites, industry analyst reports, and case studies published by Tagetik and its customers provide the most comprehensive perspectives on product fit and implementation outcomes. Look for reviews on enterprise software review platforms and consult case studies that match your industry and company size.

Independent analyst firms and finance technology publications also publish comparative evaluations and customer references that can highlight strengths and trade-offs for consolidation, planning, and reporting. For direct customer feedback, vendor-hosted reference calls and live demonstrations are valuable.

For official resources, view Tagetik case studies and customer stories on their site: explore Tagetik's customer success resources to read detailed examples of deployments and outcomes.