Leading German Group in the global marketplace will implement a driver-based budgeting and planning system
Tagetik, a global provider of enterprise software solutions for Performance Management, Disclosure Management, Financial Governance and Business Intelligence, today announced that the Henkel Group has selected Tagetik 4.0 and Tagetik's distributor in Germany, Austria and German-Speaking Switzerland, pmOne AG, to implement a new enterprise planning system. The software will optimize the company's current planning processes, which incorporate approximately 1,000 employees worldwide.
Prior to choosing the software, Henkel designed an innovative, driver-based concept that will expedite the planning cycle, reduce budgeting granularity and simplify the process of consolidating results on the group level. Tagetik will serve as the technology platform to achieve these goals.
"During the selection process, pmOne understood our requirements the best and successfully implemented them with Tagetik as part of a pilot project," explains Christoph Wenner, Corporate Director for Subsidiary Controlling & Corporate Planning at Henkel.
"What impressed us most is that the software can unify the planning and budgeting process throughout our company while accounting for the individual needs of specific divisions and departments. In addition, we can use Tagetik to flexibly execute our driver-based concept and run what-if simulations on various levels."
"Tagetik's adaptability and comprehensive standard functionality are two of its outstanding qualities which have impressed yet another DAX corporation," adds Hakan Soykan, Country Manager for Germany & Switzerland at pmOne. "As a result, Henkel can replicate its enterprise planning in a single system and efficiently support the entire process using the software's built-in workflow features."
"This is yet another example of how Tagetik is uniquely able to support large organizations in managing their complex Performance Management processes," concludes Manuel Vellutini - Executive Vice President, Chief Operating Officer at Tagetik. "The Henkel Group recognized the value of a powerful solution seasoned with deep domain expertise and dedication to customer success that Tagetik and pmOne provide."