CCH Tagetik vs Clausion

CCH Tagetik brings financial close, planning, and reporting together in a platform for the Office of the CFO. Its capabilities include budgeting, forecasting, scenario modeling, workforce planning, variance analysis, forecast-versus-actuals work, and financial consolidation. The platform also covers ESG and regulatory reporting, corporate tax, account reconciliation, profitability analysis, and supply chain planning. It is offered for cloud or on-premise deployment, with connectors for SAP, Microsoft, and Qlik and integrations with ERP, CRM, SharePoint, MS Office, and numerous data formats. The SAP HANA version is described as SAP-powered certified, with real-time data access and drill-through. The vendor lists cloud certifications and reports, plus 24x7x365 availability monitoring and alerting and 99.9% uptime achieved. Standard support is included in the annual maintenance fee; additional options cost extra. Founded in 1986 in Lucca, Italy, Tagetik launched its brand in 2005 and was acquired by Wolters Kluwer in 2017. Pricing is on request.

Clausion Consolidation is a web-based, cloud financial consolidation solution for organizations reporting across multiple entities. It provides ready-made templates for multi-entity IFRS and local GAAP consolidation, with built-in accounting standards and support for full and proportional consolidation methods. Unit data can be converted into group currency using the conversion method selected for each account. Planning reports cover targets, budgets, and forecasts, while operational planning addresses investments and personnel. Pre-built IFRS reports include income statements, balance sheets, and cash flow statements. Clausion also provides intercompany eliminations, multi-currency consolidation, and an audit trail. insightsoftware says its platform connects to more than 200 environments, including ERP, data-warehouse, modern data-stack, and cloud vendors; listed sources include Aptean, Deltek, Microsoft Dynamics, Epicor, Infor, MRI Software, and Oracle. Clausion FPM is listed as ISO 27001 certified; the certification table shows no SOC 1 or SOC 2 certification for that product. Pricing is by tailored estimate on request. Existing customers download releases through the Clausion Support Center.