Tagetik Wins FSOkx Excellence Award 2009 in Performance Measurement Category
Tagetik, a global provider of Performance Management (PM) and Financial Governance software solutions, was recently presented with the FSOkx Excellence Award 2009 in the Performance Measurement category at the annual FSOkx Excellence Award Ceremonies. The presentation was held in conjunction with FSO Knowledge Xchange's 3rd Annual Financial Services Transformation and Outsourcing Strategies Summit in New York City. The firm was selected from among 35 competing vendors.
Stamford, Conn (PRWEB) June 12, 2009 -- Tagetik, a global provider of Performance Management (PM) and Financial Governance software solutions, was recently presented with the FSOkx Excellence Award 2009 in the Performance Measurement category at the annual FSOkx Excellence Award Ceremonies. The presentation was held in conjunction with FSO Knowledge Xchange's 3rd Annual Financial Services Transformation and Outsourcing Strategies Summit in New York City. Top business and academic leaders participated in the FSO Knowledge Xchange Summit, which explored emerging trends, analysis, executive perspectives and enterprise case studies in the financial services outsourcing domain.
Tagetik was one of five finalists among more than 35 companies that were nominated and evaluated in the PM category. In selecting the finalists and ultimate winners in each of the seven award categories, FSOkx analysts undertook an all-inclusive evaluation methodology, which included internal research, market intelligence and client feedback.
In announcing Tagetik's selection Rekha Vatsa, CEO of FSO Knowledge Xchange said, "Tagetik's solution impressed us in particular for its differentiating attributes, customer benefits and interoperability." She added that this year's competition was very tough, with a record number of nominees.
"This award recognizes that Tagetik 3.0 is competitive in such complex and evolving markets as finance," said Manuel Vellutini, COO at Tagetik. "In this industry, Tagetik has become the established solution for some of the largest international banks and financial organizations. They are actively using Tagetik 3.0 to manage their financial governance and performance management processes."
The latest product -- Tagetik 3.0 -- is a reliable and scalable solution to manage and control overall performance, support compliance initiatives, easily access different views of critical financial data, and maximize visibility down to individual business transactions. By utilizing web-based, cross-platform technology, companies can leverage their existing ERP, BI and infrastructure investments, resulting in up to 50% reduction of the total cost of ownership (TCO).
"We're honored to have been selected as a finalist along with four larger and well-known PM providers, and especially so to have won our category in the FSOkx Awards," said Mark Corsetti, VP and General Manager of Tagetik North America. "Since establishing a US presence in 2008, our unique approach to simplifying complex business processes has quickly made an impact in the marketplace. This award further recognizes that impact."
Tagetik 3.0 is the first complete financial closed-loop, double entry solution for Performance Measurement and Financial Governance in a single product. It simplifies complex business strategy implementation by unifying key business processes and applications, including planning and consolidation, financial governance, strategy management, statement reporting, profitability modelling, working capital analysis, and ITC performance management.
FSO Knowledge Xchange is a unique media and research initiative focused on all aspects of financial services worldwide. It includes: a web portal www.FSOkx.com that features the latest news, views, events and case studies, a directory of financial services, and a weekly e-newsletter and quarterly magazine for financial executives. FSOkx also produces and promotes world-wide summits and conferences.
About Tagetik
Tagetik is a global provider of latest generation Performance Management and Financial Governance software solutions that help CFOs and CIOs simplify complex business practices. Its key innovation is a fully unified financial closed-loop, double entry solution incorporating all core Performance Management processes in a single product, include budgeting, planning, forecasting, and financial consolidation. Its "out-of-the-box" core Performance Management processes, web-based, cross-platform technology, powerful scalability, and shortened implementation time have reduced total cost of ownership for customers worldwide in all major industries.
Tagetik CPM supports financial governance requirements such as 10K and 10Q reporting, while helping automate financial processes to achieve transparency and meet compliance needs. Headquartered in Lucca, Italy, Tagetik North America has Sales, Service and Marketing operations in Stamford, Conn. For further information visit [www.tagetik.com. __title__ Tagetik Website
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