CCH Tagetik vs Finnivo

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.

Finnivo is consolidation, reporting and planning software for organizations bringing financial and non-financial information together across group entities, cost or profit centers and other sources. It automates data collection, consolidates results, reconciles and eliminates inter-company transactions and balances, and handles differences in accounting standards and currencies. Analysis includes drill-down, variance, trend, sensitivity and ad hoc views, scenario planning and KPI monitoring. Users can design reports without coding and publish them in Excel, Word or PDF; PowerPoint tables and graphs can update automatically. Finnivo supports management accounts, budgets, forecasts, year-end reporting, tax, cash management, sustainability reporting, annual statements and operational reporting, with no limit to the number of processes. Imports include named ERP and cloud systems plus Excel. Data exports use database views or customizable APIs, while reports extract to Excel, Word, PowerPoint or PDF. Role-based access, audit trails and journal reports support controlled work. Pricing is on request.