What are the Advantages of Tagetik 4.0
What are the advantages of Tagetik 4.0 in planning, budgeting and forecasting?
- Company-wide approach to planning (strategic planning, operational planning, ...)
- Reduced manual effort in preparing the budget
- Shorter planning cycles by simple re-creation of forecasts
- Comprehensive workflow approval process at every level
- Complete traceability and documentation of changes
- Improved "governance" with complete "audit trail" in terms of planning assumptions underlying forecasts and forecasts
- Consistent financial and operational planning in a solution
- Alignment of budgets to the Strategic Planning
- Shorter implementation times and lower costs
- Unified Workflow for reporting, financial statements, consolidation and planning
Personnel and HR
- Integrated management and transmission planning in the operating expenses of personnel-related costs (eg laptop, car, etc.)
- Versioning and "what if" analysis based on different planning and cost drivers
- Automatic calculation of payroll-related costs per person
- Availability of headcount and personnel planning methods within the same planning process
- Managing a very large amount of data
- Reduced time spent on the creation and consolidation of the planning
- Maximum control over the planning process through a structured workflow and approval processes corresponding
- Elimination of errors in data collection
- Low training costs
- Lower costs for rolling out the software and in maintenance costs
- Powerful reporting capabilities based on the data plan
Sales
- Efficient processing of large amounts of data
- Preparation of sales budget in great detail with regard to customers and products
- Time savings in the creation and consolidation of budgets
- Achieve maximum control with regard to the planning process through the use of a structured workflow and approval processes corresponding
- Elimination of manual errors in data collection through structured data entry screens
- Reduce training costs
- Reduction of costs for the rollout and maintenance of software
- Creation of sophisticated reports based on the data plan
Production Costs
- Ability to manage complex structures in a uniform environment
- Company-wide approach to planning: the planning of the production cost is seen as a natural part of the overall planning process
- The "bottom up" logic in the planning of the production cost (starting at Einzelebne) provides alternative views on the planned profit and loss
- Ability to manage complex calculations over the entire structure
- Full traceability of data
- Workflows or to different levels in the planning process
- Investment costs (CAPEX)
- Precise and simple planning of investment by an investment project the possibility to divide it into sub-components.
- Substantial improvement in efficiency: the status of the planned investment can always be traced to activation of the approval.
- Improved control deviation with regard to planned investments and related information through the use of integrated forecasting processes
- Reflect tight integration with the finance department by the way cost centers, cost types, business areas, etc.
- Coherence in a very decentralized process in a unified environment with the creation of synergies and exchange of information between the involved departments such as accounting, controlling, production, technical department, etc.