CCH Tagetik vs Liquid Consolidation

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.

Liquid Consolidation is web-based financial software for finance teams that brings accounting data into consolidated reports and forecasts. Controllers, CFOs, and accountants can define intercompany elimination rules; Liquid applies them as new accounting entries arrive and flags imbalances. It maps different account names and accounting packages into a standardized report and dashboard, and rolls operating-company forecasts into a group view. The consolidation page states that there is no limit to the number of entities and that users can create unlimited subgroups, such as regions or divisions. Accounting data syncs daily, with a manual sync option. Connections use OAuth, and Liquid says setup takes about two minutes without an IT specialist. Named integrations include Exact Online, Twinfield, AFAS, Auditfile (.XAF), Basecone, Lyanthe, Microsoft Excel, and Nmbrs. Pro costs €99.00 per month, billed monthly, for one entity, three users, and three scenarios. Scale costs €249.00 per month, billed monthly, for three entities, five users, and unlimited scenarios. Annual payment offers 10% savings. A 14-day trial is available; there is no free plan.