Towergate Selects Tagetik for Budgeting, Planning and Compliance Reporting Processes

Lucca; Italy and London - 29 May 2012

Fast growing insurance intermediary improves financial processes with Tagetik.

Tagetik, a global provider of enterprise software solutions for Performance Management, Disclosure Management, Financial Governance and Business Intelligence, today announced that Towergate, Europe's largest independently owned insurance intermediary has selected the Tagetik's platform for its budgeting, planning and compliance reporting processes.

Mike Newman, Chief Information Officer at Towergate explains: "Following a thorough evaluation of the market we selected Tagetik. They demonstrated a deep knowledge and understanding of our requirements and have delivered an effective solution for our business."

"Towergate is a fast growing company requiring diverse reporting from across the organisation from standard budgets and forecasts, financial and non-financial KPIs as well as compliance reporting fulfilling the reporting needs of Finance, Operational and Commercial functions across the whole group. Tagetik's Performance Management software will ensure that the time spent collecting, managing and maintaining management and KPI reports will be significantly reduced and will be managed more efficiently, providing one version of the truth," says Tim Philip, Finance Director at Towergate.

"We are delighted to be working with Towergate on a worldwide budgeting project specifically tailored to the needs of the insurance industry. We put forward a strong proof of concept which exceeded the company's expectations, proving our ability to meet all their needs. Their decision was mainly based on our deep knowledge of financial processes, product capability, technology stack, strategic relationship with Microsoft and, last but not least, our unrivalled passion for performance," adds Manuel Vellutini -Executive Vice President, Chief Operating Officer at Tagetik.

"Towergate with its plans to expand Tagetik's use to hundreds of users beyond the Finance function is particularly exciting for us, validating the software's use as a true Corporate Performance and Compliance Reporting application across the whole organization," concludes Shak Akhtar, Managing Director at Tagetik UK.

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