SAP Analytics Cloud vs Tagetik

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Our analysts compared SAP Analytics Cloud vs Tagetik based on data from our 400+ point analysis of EPM Software, user reviews and our own crowdsourced data from our free software selection platform.

Product Basics

SAP Analytics Cloud is an augmented analytics solution that uses machine learning technology to generate data visualizations and simulate predictive scenarios. It provides every member of an organization with access to automatic, interactive insights via natural language processing. Powered by artificial intelligence, it helps businesses make decisions with confidence by exploring what-if possibilities based on historical data.

There are multiple plans available with different functionality levels, so businesses can choose the subscription that provides the best fit for their needs.
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Tagetik is a broad all-in-one financial ERP with various modules such as budgeting, planning and forecasting, financial reporting, disclosure management, compliance regulatory reporting and more.

It runs on a unified apparatus that fuses finances and operations while facilitating consolidations and closes, scheduling, analytics and documentation, disclosures and compliance. Its deployments include cloud and on-premise.
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$36/User, Monthly
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Tailored to your specific needs
$50,000 Annually
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Tailored to your specific needs
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Product Assistance

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24/7 Live Support
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Product Insights

  • Increase Efficiency: Automatically generates relevant explanations and insights, saving time for those who would otherwise spend it slicing and dicing data to find that information.
  • Smarter Analytics: Digs deeper and thinks smarter with data thanks to machine learning technology that powers its Smart Predict, Smart Insights and Smart Discovery modules.
  • No IT Training Needed: Discover insights through natural-language processing which eliminates the need for cryptic queries. Easily access augmented analytics, irrespective of skill levels in data science or visualization.
  • Anticipate Problems: Detect risks and avoid issues before they happen through predictive forecasting and alerts.
  • More Informed Decisions: Determine the best course of action through AI-powered capabilities that take the uncertainty and guesswork out of decision-making.
  • Visualize Impact: Software algorithms identify key influencers and make it easier to see what drives business and what impacts the bottom line the most.
  • Work Better Together: Collaborate through the cloud, keeping in constant communication to get the job done together.
  • Free Trial: Download a 30-day free trial version from the vendor's website.
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  • Improved Forecasting: Implement real-time simulations and automation in the budgeting, planning and forecasting module to provide users with the flexibility to plan any way they want at any time. This tool helps users react swifter and make faster, well-informed decisions. 
  • Maintain Compliance: Obtain generally accepted accounting principles (GAAP), international financial reporting standards (IFRS) and extensible business reporting language (XBRL) reports to ensure bookkeeping operations meet these and other compliances. The prompt financial functions, validation rules and full audit logs guarantee users have every piece of information necessary and complete process visibility. 
  • Single Source of Truth: Access a centralized location of data in the financial reporting accessory. It moves information into documents such as monthly financial statements, board books, annual reports and more automatically so users can spend more time on high-priority accounting tasks. 
  • Ensure Accuracy: Check data entry at every turn with the disclosure management attribute. Since disclosures appear automatically with the most up-to-date information, this reduces manual data inputting and human errors, ensuring better accuracy and a better snapshot of company information. 
  • Seamless Collaboration: Facilitate reporting for the financial, management, statutory and regulatory departments with effective collaboration and control extensions so it's easier to get in touch with the report writers in case revisions or updates are needed. Users also gain full control and visibility over workflows and audit trails to ensure no stones are unturned and everything is tallied for recordkeeping and compliance purposes. 
  • In-Depth Dashboards: Handle bulk amounts of granular insights and effortlessly convert numbers into practical models, simulations and predictive analytics with the advanced analytics and dashboard appliance. Predictive analytics can help companies better plan for the future while understanding its current status and health.  
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  • Data Preparation: Alerts as to possible errors and automatically cleans data through machine learning technology to enhance data for deeper insights. Offers context-based suggestions for better data preparation and data visualizations through Smart Transformations.
  • Chat With Data: Type questions into the Search to Insight bar in natural language to instantly create visualizations — no syntax mastery necessary. Analyze data easily, similar to using a search engine.
  • Instant Data Visualization: See the full picture in seconds; the solution generates interactive charts and graphs automatically upon query.
  • Predictive Forecasting: Generates prediction models that learn from historical data to automatically detect risks and predict what is likely to happen in the future.
  • What-If Analysis: Create what-if simulations through the power of self-service machine learning. Plan for the next steps by fine-tuning prediction scenarios based on confidence levels.
  • Highlight KPIs: Answer the “why” and “what” questions through augmented analytics. Identify the top contributors to business performance — the people, products and processes that contribute to the overall story.
  • Analyze Anomalies: Take corrective action aided by Smart Discovery, which automatically points out outlying data.
  • Hybrid Analytics: Protect technology investments by continuing to manage on-premise systems and existing data infrastructure, while simultaneously moving towards the future by leveraging the cloud. Supports a wide range of data connections, ensuring import and access to data from any source to maintain a 360-degree view of the business.
  • Partners: Over 100 partners offer upwards of 430 analytical extensions in the SAP App Center that provide additional value and industry specific applications to the platform.
  • Built-In Collaboration: Create discussions, assign tasks and deadlines and comment on data points. Share information and interact with each other continuously on screen.
  • Mobile App: Stay connected to the Cloud via a responsive, interactive iOS app.
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  • Rolling Forecasts: Develop in-depth rolling forecasts with this function in the budgeting, planning and forecasting module. Users may integrate data from tactical plans, budgets and actuals and make modifications to costs and revenue targets, generating a better estimate for fiscal year outcomes. 
  • Consolidation Cockpit: Access a specific dashboard that enables users to supervise every consolidation step and study results in the consolidation apparatus. The cockpit also exhibits particular data methods that should be performed with consideration to a specific consolidation situation. 
  • Communications: Collaborate with users across departments via comments, instant messaging or email concurrently with managers tracking project progress through dashboards in the collaboration component. 
  • Disclosure Management: Merge with Microsoft Office, ERPs, CRMs and other existing programs with this tool. Users may also coordinate text to numbers with instant narrative adjustments, reduce version overlap with support from other users, receive a centralized location of data and accelerate disclosure with pre-set templates. 
  • Compliance Regulatory Reporting: Obtain every necessary thing to expedite the regulatory reporting process while dwindling reporting sequences. Users can efficiently comply with pre-packaged solutions, diminish hazards with standard calculations and files and modify changes. 
  • Smart Reporting and Analytics: Implement documents and data queries that are equipped with financial intelligence analytical tools. 
  • On-the-Fly Analysis:  Adjust report frameworks and breakdown interior and exterior data to study outcomes rapidly.  
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Product Ranking

#19

among all
EPM Software

#32

among all
EPM Software

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Analyst Rating Summary

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Reports and Dashboards
Sales Planning
Workforce Planning
Profitability Modelling and Analysis
Cash Management
Capital Expenditure Planning
Cash Management
Profitability Modelling and Analysis
Financial Consolidation and Reconciliation
Planning, Budgeting,and Forecasting

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

SAP Analytics Cloud
Tagetik
+ Add Product + Add Product
Capital Expenditure Planning Cash Management Financial Consolidation And Reconciliation Planning, Budgeting,and Forecasting Platform Capabilities Profitability Modelling And Analysis Project Planning Reports And Dashboards Revenue Planning Sales Planning Workforce Planning 81 96 80 87 92 97 73 100 80 100 98 100 100 99 99 78 100 76 88 94 96 98 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

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User Sentiment Summary

Great User Sentiment 834 reviews
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85%
of users recommend this product

SAP Analytics Cloud has a 'great' User Satisfaction Rating of 85% when considering 834 user reviews from 4 recognized software review sites.

we're gathering data
4.2 (274)
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4.3 (72)
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4.1 (148)
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4.3 (340)
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Awards

SelectHub research analysts have evaluated SAP Analytics Cloud and concluded it earns best-in-class honors for Sales Planning.

Sales Planning Award

SelectHub research analysts have evaluated Tagetik and concluded it earns best-in-class honors for Capital Expenditure Planning and Cash Management.

Capital Expenditure Planning Award
Cash Management Award

Synopsis of User Ratings and Reviews

Data Visualization: Approximately 91% of users who reviewed visualization said that they can customize dashboards effortlessly with the solution’s wide range of templates and graphics libraries.
Ease of Use: Citing the platform’s modern and intuitive interface, around 89% of users said that the platform makes it easy to develop stories without technical knowledge thanks to Smart Discovery.
Data Analysis: Mentioning its forecasting and predictive analysis capabilities, approximately 87% of users said that the solution enables collaborative enterprise planning via statistical and predictive analysis.
Web and Mobile Accessibility: Discussing its easy accessibility on multiple browsers, around 72% users said that the platform works well on a wide range of devices.
Data Connectivity: Approximately 70% of the users who mentioned integration said that the tool, with strong live data connections, integrates well with other applications and data sources.
Functionality: Around 55% of the users who discussed features said that the tool is scalable and quite versatile, with frequent updates.
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Streamlined Financial Close: Tagetik's automation features, such as its consolidation engine and intercompany reconciliation tools, help expedite the financial close process, saving valuable time and resources for accounting teams.
Enhanced Data Accuracy: The platform's data validation rules and audit trails minimize errors and ensure data integrity, leading to more reliable financial reporting.
Improved Collaboration: Tagetik's centralized platform facilitates communication and collaboration among finance and accounting teams, breaking down silos and promoting a more cohesive work environment.
Regulatory Compliance: Tagetik helps organizations comply with complex financial regulations, such as IFRS and GAAP, by providing pre-built reporting templates and disclosure checklists.
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Performance: Approximately 85% of users who reviewed performance said that some features do not work well at the enterprise level.
Reporting: Around 58% of users who mentioned reporting said that report creation with the tool is complicated and needs IT support.
Data Management: Approximately 52% of users who discussed data preparation said that the platform needs more ubiquitous data modeling capabilities.
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Steep Learning Curve: Tagetik's robust functionality comes at the cost of complexity, often requiring extensive training and onboarding for users to become proficient. The interface can feel overwhelming for new users due to the multitude of features and options available.
Customization Challenges: While Tagetik offers a high degree of customization, implementing and managing these customizations can be resource-intensive and may require specialized technical expertise. This can lead to increased implementation time and costs for organizations with unique requirements.
Performance Issues: Some users report experiencing performance slowdowns, particularly when working with large datasets or complex reports. This can impact productivity and user satisfaction, especially during critical financial closing periods.
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SAP Analytics Cloud is a powerful data visualization tool that helps users explore data in an easy-to-understand format and discover metrics that help them make informed decisions. Many users who reviewed visualization said that the platform has rich graphics libraries and a range of templates for story presentation of business metrics. Citing its aesthetic design, a majority of users said that the solution’s interface is intuitive for programmers and non-technical users alike. Mentioning its strong predictive and augmented analysis capabilities, a lot of users said that the platform is a strong planning tool and helps them gain business insights easily. Many users said that the tool works well on a plethora of devices, including mobile, and is accessible on multiple browsers, though some users said that its offline mode capabilities are limited. Most of the users who reviewed data integrations said that the tool handles large amounts of data seamlessly, though quite a few users said its compatibility with live connection data sources is limited to other SAP products. Reviewing functionality, a majority of users said that the tool is versatile and scalable to ensure a great end-to-end user experience, though some said that it needs more features, such as improved live data analytics. The solution does have its limitations, though. Around 85% of users who reviewed its performance said that it struggles at the enterprise level, though quite a few users said that it performs exceedingly well within the SAP ecosystem. A majority of the users who mentioned reporting said that the solution lacks automatic report distribution and broadcasting capabilities, though some said that it has excellent analytical and data-oriented report creation. Many users who discussed data management complained that the process for updating an existing data model needs a lot of rework, and that the solution needs more versatile modeling features. Overall, SAP Analytics Cloud is a planning tool with strong BI capabilities that brings the power of cloud computing to self-service data analysis for gaining actionable insights into business metrics.

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Tagetik, a financial performance management software, has garnered positive feedback for its robust functionality and flexibility. Users appreciate its ability to handle complex financial processes, such as consolidations, budgeting, and forecasting, with ease. Its strength lies in its ability to adapt to unique business requirements, allowing for customization and integration with existing systems. For instance, one user highlighted how Tagetik seamlessly integrated with their ERP system, streamlining data flow and reducing manual effort. This adaptability sets it apart from competitors that offer more rigid solutions. However, some users noted that Tagetik's extensive features can lead to a steeper learning curve. The initial setup and configuration may require more time and effort compared to simpler software options. Additionally, while Tagetik offers comprehensive customer support, some users expressed a desire for more readily available resources and documentation. Despite these challenges, users generally agree that Tagetik's capabilities outweigh its complexities, making it a valuable tool for organizations with intricate financial needs. Tagetik is best suited for mid-sized to large enterprises with complex financial operations and a need for advanced reporting and analytics. Its scalability and adaptability make it an ideal choice for organizations seeking a comprehensive solution to manage their financial performance effectively. While the initial learning curve may require investment, the long-term benefits of improved efficiency, accuracy, and insights make Tagetik a worthwhile consideration for businesses looking to elevate their financial management processes.

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