SAP BPC (Business Planning and Consolidation) vs. Wolters Kluwer CCH® Tagetik

For a large company trying to bring processes and functions together with one tool, SAP BPC is a great solution. It requires hours of effort to implement and configure, which would not be appropriate for smaller companies. SAP BPC also requires dedicated resources to maintain the system on a day to day basis, as well as an administrator type personnel who can troubleshoot slow performance or issues with the system. You also need users who are willing and exciting to use this system and actually trust that this is a solution.

Incentivized

Well suited for large multi-entity international, multi-currency, multi GAAP groups with excellent report writing features, customizations, and validation traps with minimal IT support. The ability to customize dimensions and dimension structures is a key strength. The intuitive user interface enables easy adoption by new users and training times are short. Upload features via embedded customisable ETL and standardised Excel templates are very efficient. Error checking is intuitive and helpful. Less appropriate for small single entity businesses.

Incentivized

• Allows for full integration of data to be analyzed in real time. Although we still load actuals on a delayed basis (2 business days after month end), when developing the budget, we not longer have to do a full loading process from a different application into BPC prior to being able to report and analyze the current budget status to prior budget versions or actuals.
• It is easy to learn basic report building. The hardest part is learning the available dimensions and the different possible combinations and their results, but that will also vary from company to company depending on the complexity of the industry.

Incentivized

• Processes are clearly described in CCH Tagetik ; users can easily find where they are and which action they have to make
• Interaction with Excel is really fluid ; the Excel add-in is easy to deploy and to updgrade, in the hand of users. It is reliable provided the internet connection is fast.
• Managing hierachies is obvious in CCH Tagetik. Hierarchies are fundamental for a good reporting ; CCH Tagetik has obviously a deep experience of this feature.
• SaaS : our experience with CCH Tagetik is of only 1 year, but it technically performs well, the system is reponsive, no shut-down, and updates (every quarter) do not disturb production.
• AIH seems to be able to manage very large quantity of data, and to provide advanced analysis functionalities. We did not have time to explore them.

Incentivized

• When a change is needed in the EPM reports it is not very flexible and needs IT intervention
• Performance sometimes is an issue when consolidating more then 20 entities specially at quarter end
• Script logic complex to handle and always needs BPC consultant when changes are requiered even if minimal - has very high costs

Incentivized

• The steps of setting up the loading of data is slightly painful.
• The steps and error message while connecting the process workflow has to provide a hint on which area needed to be fixed (because it could be anywhere or anything).
• The combination of 2 segments for the excel upload on what's needed to eliminate is yet to resolved. Which made the entire list very long.

Incentivized

Based on our business requirements, its current implementation and way of use (in terms of the efficiceny) it's more than certain that we will renew our contract with CCH Tagetik. CCH Tagetik increased our efficiency regarding reporting and provides more features which made it easier to take decisions. Besides of that, it provided he best solutions for reporting according to the Solvency II standards. Since this is still the case, it is also a reason to stay with CCH Tagetik.

Incentivized

Unlike other SAP traditional products, SAP BPC was meant to be simple and familiar to financial users

Incentivized

On a general level, it is a flexible, streamlined system, that can integrate operational data with accounting data for a better financial overview and budget planning. Reporting wise, the types and the amount of data analysis available or that can be created are close to endless. Having a quicker, more flexible way of analysing data certainly means better, faster reporting and better use of the data itself.

Incentivized

CCH Tagetik has alwyas been there in case we need help. In almost 20 years of commercial relationship, I have no evidence of times in which they were not available to answer a question or to solve an issue linked to their products, timely and efficiently.

Incentivized

As you can see, speed depends on the applications but also on the hardware that runs them. As far as CCH Tagetik improved, we saw the benefit of a cloud-based solution which could solve many speed performance issues.

Incentivized

We need a big support team with various skillset like BPC, ABAP, BW, HANA, FICO etc

Incentivized

I have had the pleasure of attending some courses at the dutch offices of CCH Tagetik. These were very educational with excellent trainers, a very enjoyable accomodation and they helped me a lot with regards to starting to use CCH Tagetik.

SAP BPC training content and trainers are very good. The training is structured and provides a very good understanding of the product features and functionalities. I attended 6 separate training sessions of week-long or more. I had very good experience in all the sessions. The training is organized very well.

Incentivized

the training was not bad, but we got more training from working with the consultants. This because it is based on our system

Incentivized

SAP Training contents are very good, informative and exhaustive.

Incentivized

Online training is the only form of training we could deploy during the pandemic. This service has been nonethless delivered with the same standards and the same results of the traditional training procedures.

Incentivized

The implementation was carried out in two phases spread over a period of 4 years with 2 upgrades in between. We also had multiple upgrades to HANA.

Incentivized

we did it in a coaching model. This allowed us to have 2 key advantages: we got to know the system very well and managed to save on the implementation cost. This worked well, was maybe a bit slower since we had to do this in our spare time. Nevertheless I strongly recommand

Incentivized

Sage BPC is very much ahead of Dimensions in multiple areas. The speed and ease of reporting with Sage is very good when compared (although the bank reconciliation task is one thing that i feel is much more effort on Sage and takes more time than previous). We selected SAP BPC (Business Planning and Consolidation) as we have multiple foreign entities and a team in India producing reports so needed one package that could reliably provide information in one currency and show it clearly.

Incentivized

Oracle Essbase is another EPM software that we used but compared to Tagetik, it's not user friendly and the creation of dimensions and describing rules are more technically difficult. Drill down and analysis are not as easy as double clicking on Cch tagetik for immediate information. But as I have not used this software much and tagetik more, this is all I can say

A good and performing scalability both on a geographical and a legal entity scale. The link with MS Office suite allows an easy deployment of the application, especially for contributors.

Incentivized

• When originally implemented (as the predecessor product Outlooksoft) BPC took ASU from trying to budget and forecast for a 2B enterprise out of spreadsheets and into a far more consolidated tool. It has saved us considerable time over the years and paid for itself several times over.
• BPC also allows us to present our budget in multiple different views to support management, board and departmental reporting.

Incentivized

• It has definitely helped to standardize reporting across the company. Teams are able to pull the same reports and everything has the same feel to it.
• Since there are so many standard reports that we are able to create, it makes the analysts jobs easier since they are not spending so much time re-creating reports.
• With any system, there is going to be some admin work required. Creating new reports, accounts and entities does take time, but it is fairly simple and doesn't take a ton of time.

Incentivized