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RecWise VS CCH Tagetik

Compare RecWise VS CCH Tagetik and see what are their differences

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RecWise logo RecWise

Month End Financial Close / Balance Sheet Reconciliations an alternative to products such as Blackline and Trintech. RecWise - Scaleable, Capable and Cost Effective.

CCH Tagetik logo CCH Tagetik

Discover CCH Tagetik's corporate performance management software solution for budgeting, planning, consolidation and reporting. Find out more on Tagetik.com
  • RecWise Landing page
    Landing page //
    2021-08-15
  • CCH Tagetik Landing page
    Landing page //
    2023-06-22

RecWise features and specs

No features have been listed yet.

CCH Tagetik features and specs

  • Integrated Financial Processes
    CCH Tagetik unifies financial close, budgeting, planning, and reporting processes. This integration leads to improved accuracy and speed in financial operations.
  • Robust Analytics and Reporting
    The software offers advanced analytics and reporting capabilities, which allow for detailed financial analysis and easy creation of compliance reports, enhancing decision-making capabilities.
  • Scalability
    CCH Tagetik is highly scalable, making it suitable for both small and large organizations. It can grow with the business and handle increasing data and complexity.
  • User-Friendly Interface
    The platform has a user-friendly interface, which reduces the learning curve and allows users to quickly adapt to the system.
  • Cloud and On-Premise Options
    CCH Tagetik offers both cloud-based and on-premise deployment options, giving organizations the flexibility to choose a solution that best fits their IT strategy and compliance requirements.

Possible disadvantages of CCH Tagetik

  • Cost
    CCH Tagetik can be relatively expensive, especially for smaller organizations with limited budgets. The cost of licensing, implementation, and maintenance can add up.
  • Complex Implementation
    The initial setup and implementation process of CCH Tagetik can be complex and time-consuming, often requiring significant IT resources and support from the vendor.
  • Customization Limitations
    While the platform is comprehensive, some users may find limitations in customization, making it challenging to tailor specific processes or reports to unique business needs.
  • Dependence on Internet Connectivity
    For organizations opting for the cloud-based version, reliability is highly dependent on internet connectivity. Poor or unstable internet connections can disrupt access and performance.
  • Steep Learning Curve for Advanced Features
    Although the interface is user-friendly, mastering the more advanced features can take time and require extensive training, which might be a downside for teams with limited technical expertise.

Analysis of CCH Tagetik

Overall verdict

  • Yes, CCH Tagetik is generally well-regarded in the industry for finance transformation and corporate performance management. It meets the needs of medium to large enterprises aiming to streamline their financial operations.

Why this product is good

  • CCH Tagetik is considered good because it provides a comprehensive solution for financial and operational planning, consolidation, and reporting. It is appreciated for its user-friendly interface, scalability, and the ability to integrate with various ERP systems. The platform’s features, like advanced analytics and real-time data updates, make it a valuable tool for finance teams looking to enhance efficiency and accuracy in financial processes.

Recommended for

    CCH Tagetik is particularly recommended for mid-sized to large organizations that require robust financial planning and analysis capabilities. It is especially suitable for industries with complex financial structures, such as manufacturing, healthcare, and financial services, where detailed budgeting, forecasting, and strategic planning are critical.

RecWise videos

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CCH Tagetik videos

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Budgeting & Planning Demo - CCH Tagetik

More videos:

  • Review - CCH Tagetik delivered a single source of truth for Talanx - CCH Tagetik Software Customer Video

Category Popularity

0-100% (relative to RecWise and CCH Tagetik)

RecWise

CCH Tagetik

Development
12 12%
Development
88% 88
Data Dashboard
11 11%
Data Dashboard
89% 89
Management
22 22%
Management
78% 78
Financial Performance Management
11 11%
Financial Performance Management
89% 89

User comments

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What are some alternatives?

When comparing RecWise and CCH Tagetik, you can also consider the following products

BlackLine - BlackLine offers quick-to-implement, scalable and easy-to-use applications that automate the financial close and other accounting processes.

Prophix Software - Prophix develops Corporate Performance Management (CPM) software that automates important financial and operational processes.

Vena - Vena is the corporate performance management software combines native Microsoft Excel with the sophisticated workflow, audit capabilities, business rules and central database of an enterprise-class solution.

FloQast - Web-based software to manage accounting departments by centralizing the workflow, assigning tasks with supporting documentation.

Planful - Planful is an online development platform with different remarkable services and features that enable users to make a rolling forecast, helping their business meet with every change.

Board - Unified BI, CPM and predictive analytics software.

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