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September 26, 2010

Tagetik unveils new collaborative disclosure management tool

To improve teamwork and reduce manual tasks during corporate disclosures

By CBR Staff Writer

Tagetik, a provider of enterprise software solutions for performance management, governance, risk & compliance and business intelligence, has introduced Tagetik 3.0 – Collaborative Disclosure Management at its 2010 User Conference.

The company said that this solution adds structure to the highly manual disclosure process by facilitating the teamwork across multiple systems and stakeholders as well as integrating financial information with personal insight.

The software can either be used as part of Tagetik’s unified performance management platform or standalone on top of existing ERP and consolidation systems.

Tagetik chief operating officer Manuel Vellutini said, the company has developed Tagetik 3.0 – Collaborative Disclosure Management to structure the process of collecting financial data, integrating background information and personal notes, producing the respective documents and, if desired, even publishing them as XBRL files.

Tagetik chief development officer Marco Pierallini said that by automating tasks, adding controls and improving collaboration, companies can finally reduce the amount of error-prone, manual work to close the books faster and release timely, accurate information to a wide range of audiences.

With the new module, companies can integrate information from structured ERP, CRM and CPM systems or data warehouses as well as unstructured spreadsheets, e-mails and instant messaging applications, Tagetik said.

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Using Tagetik’s unified CPM and GRC software platform, users can then leverage the finalised data in management reports, press releases, CSR reports, notes and exhibits in statutory filings, or even SEC filings with full XBRL support.

"Our goal was to make public disclosure and management reporting processes more efficient and interactive while eliminating hidden costs for a measurable TCO – and we have accomplished just that with Tagetik 3.0 – Collaborative Disclosure Management," Vellutini said.

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