LUCCA, Italy, February 19, 2015 /PRNewswire/ --
The solution allows both treasury companies to forecast profit & loss and balance sheets
Tagetik, a visionary leader in global performance management software solutions, today announced that Fiat Chrysler Finance and CNH Industrial Finance, the treasury companies of FCA and CNH Industrial Groups respectively, have chosen Tagetik's corporate performance management (CPM) software solution to manage their financial budgeting processes. The implementation of Tagetik's software will help aide in the forecasting of both companies' profit & loss and balance sheets.
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"We rely on our accounting and management database to apply both external information as well as key strategic variables to our business. The Tagetik software will allow us to forecast our financial statement using this data and identify specific financial indicators such as average exposure, interests and average rate of each balance sheet, to make more informed decisions," said Giuseppe Novello, manager, processes & IT systems, Fiat Chrysler Finance.
The built-in financial intelligence in the Tagetik corporate performance management solution makes it possible to build profit & loss, balance sheet and cash flow impact right into the planning process. As plans are developed, the financial statement impact is automatically calculated. Since Tagetik is a unified solution, the impact of adding assets or staff and the associated depreciation and costs is immediately reflected in all financial statements.
"We are proud to support the treasury companies of Fiat Chrysler Automobiles and CNH Industrial Groups, two of the world's leading brands in the automotive market, in addressing their finance needs," added Manuel Vellutini, co-chief executive officer, Tagetik. "Tagetik's expertise to effectively meet the complex needs of the finance function at both companies includes developing detailed forecasts on the economic and financial trends of the business, assessing risks and analyzing alternative market scenarios. We believe this is a testament to our ability to successfully support the complexity and scalability of global organizations."
About Tagetik
Tagetik is one of the fastest growing performance management software companies with operations in more than 30 countries and more than 700 customers across the globe. Tagetik delivers enterprise solutions with an easy-to-use interface, resulting in the highest level of client satisfaction in the industry.
With deployment options in the cloud or on-premise, Tagetik provides robust functionality for budgeting, planning, forecasting, consolidation, close, reporting, profitability analysis, disclosure management, financial governance, and business intelligence - all from a single, unified platform focused around four core areas: usability, mobility, velocity, and flexibility. By moving to a unified financial solution, Tagetik customers have dramatically increased organizational efficiencies, reduced risk, saved money and improved their companies' bottom lines.
For more information, visit Tagetik.com or follow us on social media:
Twitter: @Tagetik
Media Contacts:
Joanna Hardy +1-646-202-9755
Horn Group for Tagetik
tagetikteam@horngroup.com
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