Collaborative Performance Management A Challenge for Global Business

Collaborative Performance Management A Challenge for Global Business

Tagetik and Microsoft have dubbed it ‘collaborative performance management’ – and flagged it as a key challenge at the Gartner Business Intelligence Summit 2011.

Tagetik is a world supplier of enterprise software solutions for performance management, risk and compliance, governance, and business intelligence. It used the Gartner event to announce its vision for making business intelligence, disclosure management and performance management processes as collaborative as possible.

Tagetik and Microsoft said the rise of collaboration in managing business performance has led to a joint commitment to ‘Tagetik 3.0 Enabled by Microsoft SharePoint Server 2010’ software. The solution is designed to deliver a unified performance and disclosure management system across an enterprise, with focused business intelligence, collaboration and communication tools. The product complies with XBRL and iXBRL, which will be compulsory in the UK from April.

Tagetik EVP Chief Development Officer Marco Pierallini said: “We started in 2009 with the integration of the previous release ‘Microsoft SharePoint Server 2007’ but it was May 2010 when Tagetik’s leading edge technology was able to maximize the power of Microsoft Corp’s sophisticated Business Intelligence platform and provide companies with well-known application tools such as Microsoft SharePoint Server 2010, Microsoft Office Professional 2010, and Microsoft SQL Server 2008 R2.”

EVP Chief Operating Officer Manuel Vellutini said: “Performance Management extended to collaborative decision-making is the new challenge for complex organisations willing to manage business performance more efficiently, facilitate teamwork across multiple systems or stakeholders, and improve the quality of operational and strategic decision-making..”

From public disclosure, management reporting, XBRL compliance issues throughout their budgeting, planning and forecasting processes, through to operational production/sales planning and control,

Tagetik 3.0 Enabled by Microsoft SharePoint unifies key applications and financial processes such as Performance Management (PM), Governance, Risk and Compliance (GRC), Disclosure Management, Business Intelligence (BI), Collaboration, and Communication. That allows companies to capitalize on advanced BI and communication and collaboration technology to prepare, analyse and publish financial data, and to pool documents and footnotes relevant to  closing, through a single portal.

Tagetik President and CEO Pierluigi Pierallini said: “We have long shared the vision to make BI and PM processes as collaborative as possible. We’ve now achieved this with a single ‘collaborative performance management’ platform to improve business communication and decision-making across the enterprise.”

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