Tagetik vs Unit4 ERP

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Our analysts compared Tagetik vs Unit4 ERP 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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Unit4 ERP leverages a natural language digital assistant to expedite day-to-day business activities and provides a seamless user experience. Its financial management module offers real-time visibility and control over each stage of the record-to-report cycle. It consolidates enterprise-wide data within a unified system to streamline budget planning and analysis.

Automate and streamline project life cycles, optimize resource utilization and execute projects with precision with the project management inclusion.
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$50,000 Annually
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Tailored to your specific needs
$49/User, Monthly
Get a free price quote
Tailored to your specific needs
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Windows
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Linux
Android
Chromebook
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Mobile

Product Assistance

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Live Online
Videos
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Email
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FAQ
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Knowledge Base
24/7 Live Support
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24/7 Live Support

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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  • Planning and Control: Increase planning speed to empower businesses to grow exponentially and respond to opportunities. 
  • Make Data-Driven Decisions: Gain useful insights into the data to make better business decisions and allocate and utilize business resources optimally. 
  • Boost Employee Retention: Engage, support and inspire people to perform better to boost employee retention rate. 
  • Accelerate Learning: Empower employees to learn at their own pace and develop their skillsets for career growth and development. 
  • Improve Employee Experience: Automate back-office tasks and interact with systems via natural language digital assistant to carry out day-to-day business activities to improve employee experiences. 
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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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  • Financial Management: Consolidate organization-wide data to streamline budget planning and analysis. Plan cash flow, manage operational budgets and forecast sales, costs and revenue with a financial planning module. Create robust data visualizations to plan and manage budgets and forecasts while mitigating risks. 
  • Project Management: Streamline and automate end-to-end project lifecycle. Gain complete visibility and control over project and people planning, scheduling, resource management and cost and budget analysis. Leverage project templates to automate the project setup and manage complex projects. 
  • Procurement Management: Connect directly with the approved suppliers for reduced overheads and increased accuracy and control. Use a centralized procure-to-pay solution to improve efficiency and reduce costs. Gauge spending patterns accurately to negotiate better pricing and terms and conditions. 
  • Analytics and Reporting: Unearth hidden patterns, trends and relationships in historical data to comprehend risk and opportunities. Leverage AI and self-service analytics tools to analyze and drill down data to the transactional level. Create and share automated reports to facilitate collaboration. 
  • Core HR: Manage the entire hire-to-retire cycle with a centralized database and control center. Record, monitor and report employees’ absence with the expense management module. Automate approval and expense calculations to minimize administration for employees and managers. 
  • Payroll Management: Leverage the payroll management module to synchronize HR data, gain agility and manage complex calculations. Streamline and automate payroll processes and create custom reports using employee and payroll data to visualize insights and make data-driven decisions. 
  • Talent Management: Build and develop a workforce to create high-performing teams using performance management tools. Roll out mini-surveys to specific teams to understand employees, spot trends and predict employee turnover. 
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Product Ranking

#32

among all
EPM Software

#34

among all
EPM Software

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Analyst Rating Summary

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75
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87
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Capital Expenditure Planning
Cash Management
Profitability Modelling and Analysis
Financial Consolidation and Reconciliation
Planning, Budgeting,and Forecasting
Project Planning
Reports and Dashboards
Profitability Modelling and Analysis
Planning, Budgeting,and Forecasting
Financial Consolidation and Reconciliation

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Tagetik
Unit4 ERP
+ 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 81 75 87 91 75 97 100 100 57 86 69 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

63%
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User Sentiment Summary

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Good User Sentiment 89 reviews
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74%
of users recommend this product

Unit4 ERP has a 'good' User Satisfaction Rating of 74% when considering 89 user reviews from 4 recognized software review sites.

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3.7 (70)
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3.7 (7)
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4.1 (7)
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2.8 (5)

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 Unit4 ERP and concluded it earns best-in-class honors for Project Planning.

Project 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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Industry-Specific Solutions: Unit4 ERP offers tailored solutions for specific sectors like education and non-profits, addressing their unique needs.
User-Friendly Interface: Many users praise the system's intuitive design, making it easy to navigate and use.
Cloud-Based Accessibility: Unit4 ERP's cloud-based nature allows for convenient access from any location with an internet connection.
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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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Complex User Interface: Some users find the interface difficult to navigate and not intuitive, leading to a steep learning curve.
Reporting Limitations: Users have reported difficulties in generating custom reports and extracting specific data, hindering data analysis and decision-making.
Integration Challenges: Integrating Unit4 ERP with other systems can be complex and require significant technical expertise, potentially leading to delays and increased costs.
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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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Unit4 ERP is generally praised for its user-friendly interface, making it easy to navigate and find necessary information. Users highlight its flexibility, allowing customization to meet specific business needs and the ability to add new features as requirements evolve. The scalability of Unit4 ERP is also a plus, as users can easily add users and new locations as their businesses grow. One user even stated that Unit4 ERP is the most user-friendly ERP solution they've ever used. However, while Unit4 ERP can scale for growth, it's worth noting that it's primarily built for smaller organizations. This makes it a great option for smaller businesses that plan to scale, as they can have a solution that provides the breadth of capabilities they need now and in the future. Unit4 ERP is best suited for small to mid-sized organizations that are looking for a user-friendly, flexible, and scalable ERP solution. Larger organizations with more complex needs may find that Unit4 ERP lacks some of the features and functionality they require. It's always a good idea to check for the most up-to-date user reviews and product information, as software capabilities can change rapidly.

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