Tagetik vs Planning Maestro

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Our analysts compared Tagetik vs Planning Maestro 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

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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Implement Planning Maestro by Centage to simplify planning protocols and make swifter business choices during market shifts. Planning, budgeting, forecasting, reporting and analytics are its top modules. Assess numerous what-if situations and make more precise predictions.

It pinpoints where, when and why actuals deviate from projections. Obtain in-depth reports and dashboards for more transparent results. It also allows numerous data source integrations for centralization.
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$50,000 Annually
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$950 Monthly
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Product Insights

  • 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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  • Improved Accuracy: Reduces manual errors by automating data consolidation and calculations, ensuring more reliable financial forecasts.
  • Enhanced Collaboration: Facilitates seamless communication among team members with shared access to real-time data and collaborative planning tools.
  • Time Efficiency: Speeds up the budgeting and forecasting process by automating repetitive tasks, allowing finance teams to focus on strategic analysis.
  • Scenario Analysis: Enables users to create and compare multiple financial scenarios, helping organizations prepare for various market conditions.
  • Data Integration: Integrates with existing ERP and accounting systems, ensuring a single source of truth and reducing data silos.
  • Regulatory Compliance: Helps maintain compliance with financial regulations by providing accurate and timely financial reports.
  • Cost Management: Identifies cost-saving opportunities through detailed financial analysis and variance tracking.
  • Scalability: Adapts to the growing needs of the business, supporting increased data volumes and more complex financial models.
  • Customizable Reporting: Offers flexible reporting options that can be tailored to meet the specific needs of different stakeholders.
  • Real-Time Insights: Provides up-to-date financial data and analytics, enabling quicker decision-making and more agile responses to market changes.
  • Resource Allocation: Optimizes resource allocation by providing detailed insights into financial performance and future needs.
  • Strategic Planning: Supports long-term strategic planning with robust forecasting and budgeting tools that align with business goals.
  • Risk Management: Identifies potential financial risks and provides tools to mitigate them, enhancing overall business stability.
  • User-Friendly Interface: Features an intuitive interface that reduces the learning curve and increases user adoption across the organization.
  • Performance Tracking: Monitors key performance indicators (KPIs) to ensure that financial goals are being met and to identify areas for improvement.
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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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  • Planning
    • Collaborative Financial Planning: Protect private information with role-based security tools. Utilize shared comments, assumptions and audit trail tools for enhanced security. 
    • Data Gathering: Compare and contrast actuals to proposals to ensure consistent performance management. Utilize numbers and other vital information to make better business decisions. 
    • Financial Intelligence: Implement automatic workflows to push data through different pipelines while aligning with GAAP accounting standards. 
  • Budgeting
    • In-Depth Budgeting: Detect internal and external elements that impact existing budgets, including seasonal trends. Craft what-if situations for stress assessments. 
    • Financial Consolidation: Centralize entities, locations and merchandise in one system. Monitor outcomes with or without modifications. Build and allocate condensed GAAP-regulated bookkeeping reports. 
    • Workforce Planning and Budgeting: Enter information from CRM and HR solutions for an improved work plan infrastructure. Logic tools track overtime, shift differentials and other factors to align with work and pay practices. 
  • Reporting and Analytics
    • Dashboards: Display analytics in multiple dashboards for comprehensive analysis. 
    • Report Management: Format files with graphs and charts for better readability. 
    • Self-Serve Analytics: Pick pre-set benchmarks to filter report views. 
  • Forecasting
    • Cash Flow: Understand how sales, workforce, loans and capital asset plans affect cash flow. 
    • Rolling Forecasts: Craft long-term repetitive estimates that last past 12 periods. 
    • Several Report Types: Create multiple accounting reports, such as profit and loss statements, balance sheets, cash flow statements and more. 
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Product Ranking

#32

among all
EPM Software

#40

among all
EPM Software

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Analyst Rating Summary

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

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Tagetik
Planning Maestro
+ 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 100 100 99 99 78 100 76 88 94 96 98 94 96 75 63 77 97 76 98 77 55 100 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

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Awards

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

SelectHub research analysts have evaluated Planning Maestro and concluded it earns best-in-class honors for Workforce Planning.

Workforce Planning Award

Synopsis of User Ratings and Reviews

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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Flexible Budgeting and Forecasting: Users praise Planning Maestro for its ability to handle complex budgeting and forecasting scenarios, including rolling forecasts and what-if analysis. This allows businesses to adapt to changing market conditions and make informed financial decisions.
Improved Collaboration: Planning Maestro facilitates collaboration among different departments and stakeholders, streamlining the budgeting and forecasting process. This leads to better communication and alignment across the organization.
Automated Reporting and Analysis: The platform automates reporting and analysis, saving time and effort for finance teams. Users appreciate the ability to generate insightful reports and dashboards with ease, providing valuable insights into financial performance.
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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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Limited Reporting Capabilities: Users have expressed frustration with the inflexibility of reporting options, making it difficult to tailor reports to specific needs.
Steep Learning Curve: The software can be challenging to learn initially, requiring significant time and effort to become proficient.
Occasional Performance Issues: Some users have reported experiencing slow loading times and occasional system glitches, impacting productivity.
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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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Is Planning Maestro the *concerto* of financial planning software, hitting all the right notes for businesses? User reviews suggest the software is a well-regarded tool for managing financial planning and analysis (FP&A) processes, but it's not without its critics. Fans of the software praise its user-friendly design and ability to streamline FP&A workflows, leading to more efficient budgeting, forecasting, and reporting. Some users specifically highlight the strong customer support as a major plus. However, some users find the software's pricing to be a barrier, while others have struggled with its complexity. Planning Maestro seems to stand out from competitors by offering a robust suite of features that cater to a variety of FP&A needs, all within a single platform. For example, its ability to integrate with existing accounting systems and automate tasks like report generation is a major selling point for users who want to ditch clunky spreadsheets and manual processes. This focus on automation and integration is a key differentiator for Planning Maestro, making it particularly appealing to businesses looking for a comprehensive solution to centralize and streamline their financial planning. Overall, Planning Maestro appears to be best suited for businesses that need a powerful, centralized platform to manage their FP&A processes. Its robust features and automation capabilities make it a good fit for companies looking to improve efficiency and gain better insights from their financial data. However, businesses on a tight budget or those with simpler FP&A needs may find the software's pricing and complexity to be drawbacks.

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