Berendsen Selects Tagetik for Consolidation and Reporting

Lucca, Italy and London - 27 October 2011

Performance Management software to manage Group's financial results tightly integrated with Microsoft SQL and Office products

Tagetik, a global provider of enterprise software solutions for Performance Management, Governance, Risk & Compliance and Business Intelligence, today announced that Berendsen plc, a focused European textile service business which operates in 15 countries and a FTSE 250 company, has selected the Tagetik solution to simplify its consolidation and reporting processes.

Berendsen plc will replace a legacy system with Tagetik for consolidation of Group results to meet both Group management reporting and external reporting requirements. Tagetik's Performance Management software will run on a Microsoft SQL Server Enterprise Edition database and is able to collect information from multiple ERP systems. The software also incorporates Microsoft Excel, Word, and other familiar Office products as user-friendly interfaces.

"We selected Tagetik after a detailed evaluation of the marketplace because of the product and commitment of their people. Tagetik's unified approach to other financial processes such as planning and forecasting was also an important factor making it easier to expand our use of the platform into other areas," explains Sneha Mavani, Group Financial Controller at Berendsen. "We have gone live with the Group reporting system and are now moving to other areas of Performance management."

"Tagetik provides the perfect solution for Berendsen which will scale beyond the Group to the wider organization," adds Shak Akhtar, Managing Director at Tagetik UK.

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