CCH Tagetik vs VATCalc Calculator

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.

VATCalc Calculator determines VAT and GST for domestic and cross-border transactions, either as transactions occur or in batches. It can connect to shopping carts, ERPs, ecommerce platforms, invoicing systems, and other applications through web access and an API. Calculations draw on codified national tax laws, including the EU VAT Directive, and can include legal references and suggested adjustments. Users can map goods and services themselves, use pre-mapped HS, TARIC, and CPA codes, or apply coding assumptions with VATScript. Customer-selected exchange-rate data can be incorporated.

The product supports REST API feeds, HTTP, FTP, and other exchange formats. Listed integrations include SAP S/4HANA and ECC, SAP Public Cloud, Oracle NetSuite, Oracle JD Edwards, Odoo, and Chargebee. Transactions can flow into VAT returns through the shared VAT Filer platform, and the calculator can also be incorporated into VATCalc’s e-invoicing service. VATCalc describes the service as built on Amazon Web Services to handle transaction volumes and daily peaks without latency planning. It states that it is ISO 27001 certified. Pricing is on request, and a free trial is available.