CCH Tagetik vs Consolidation.app

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.

Consolidation.app is a web workspace for controlled group reporting across entities. Its guided close workflow moves from collecting entity packages through mapping, intercompany matching, explanations, proposed eliminations, and approvals. Packages can record the period, currency, source ledger, owner, and validation status. Mappings relate local accounts and dimensions to the group chart, with ownership visible; receivables and payables are paired by entity, counterparty, currency, document, and period. The workflow preserves reviewer decisions and open limitations, and holds group output until accountable reviewers resolve exceptions and accept the reporting package. People remain responsible for confirming source completeness, settling policy choices, evaluating explanations, and approving postings and close. The public preview is illustrative: it does not post entries, operate a live close, validate accounting conclusions, or produce financial statements. The site describes security measures including Secure HttpOnly session cookies and organization-scoped PostgreSQL Row Level Security, while cautioning that these claims are not a certification, penetration-test attestation, compliance guarantee, or customer-specific review. Enterprise controls, recovery objectives, incident terms, and production-data scope require a signed agreement. Pricing is on request.