PRETORIA, South Africa, February 15, 2011 /PRNewswire/ --
- Tagetik 3.0 to Simplify Statutory and Management Reporting Processes
Tagetik, a global provider of enterprise software solutions for Performance Management, Governance, Risk & Compliance and Business Intelligence, today announced that NMI Group (http://nmigroup.co.za/), the Southern African supplier of staple food and animal feed, has selected Tagetik 3.0 to simplify statutory and management reporting processes and provide timely and accurate management information.
"Our consumer needs, environmental conditions and economic situation are constantly changing and we need reliable, timely and insightful information to manage our business efficiently and help us keep pace with these changes. Our existing management information system does not cater adequately for these needs. Following a thorough evaluation of suppliers, we selected Tagetik 3.0 to ensure that we are able to meet all of our statutory and management reporting requirements," comments Andre Vermeulen, CFO at NMI Group.
Tagetik 3.0 will ensure that NMI is able to reduce the time it takes to compile annual and quarterly consolidated reports substantially and will enable the company to start producing interim reports - something it doesn't currently manage efficiently due to the complexity around the reporting processes. Tagetik will also ensure that NMI Group is able to deal efficiently with complex multi-currency requirements and regional interpretations of accounting standards.
Ernest Pachonick, Finance Manager at NMI explains, "It's currently time consuming to collect and process data for NMI Group requirements, so we're excited by the prospect of enabling the regions to manage and run their own reporting, and the ability for the Group to produce consolidated reports based on one set of standardised reporting.
"This is an exciting new customer for us," adds Manuel Vellutini, Chief Operating Officer (COO) at Tagetik. "And, of course, another example of our ability to grow as a global player in the Corporate Performance Management market. Our international network of qualified experts provides an unyielding commitment to value and customer satisfaction and ensures that global organisations are supported with timely, customized and, above all, successful implementations."
About NMI Group
The NMI Group is the holding entity that actively manages a portfolio of investments comprising a number of operating companies mainly active in the following sectors: wheat and maize milling, animal feed, pasta, biscuits, sugar, rice and poultry.
Today the Group is a major supplier of staple food and animal feed in the southern African region and employs nearly 3 000 people in South Africa, Namibia, Botswana, Swaziland and Mozambique. State of the art facilities and a highly skilled workforce ensure that a wide range of healthy, quality branded products that meet the requirements of our customers are produced. Our reputation is important to us and a non-negotiable commitment to continuous quality improvement and superior service has ensured that our products remain trusted category leaders.
To learn more: http://nmigroup.co.za/
Tagetik delivers a unified software solution for Performance Management, Enterprise Governance, Risk & Compliance, and Disclosure Management with specialized Business Intelligence tools to optimize Collaboration and Communication.
Tagetik 3.0 creates value by simplifying complex business processes for CFOs and CIOs: budgeting, forecasting, cash flow planning, statutory and management consolidation, cost allocation, profitability analysis, financial close and fast closing, dashboard, scorecarding, collaborative disclosure management and compliance/industry requirements. Tagetik 3.0 is the solution to translate strategy into operations, manage and control overall performance down to business transactions, and improve decision-making across the whole organization while achieving faster ROI and lower total cost of ownership (TCO). Tagetik's vision to extend Performance Management and Business Intelligence to collaborative decision-making inspired us to develop Tagetik 3.0 Enabled by Microsoft SharePoint, moving CPM from Corporate to Collaborative Performance Management.
Tagetik operates in 18 countries leveraging a close partnership with Microsoft. Its market experts are totally committed to the success of 400 customers worldwide, including some of the largest Fortune 1000 companies representing all industry sectors, as well as to build strong relationships with system integrators, technology leaders and local consulting specialists.
Tagetik is a Microsoft Gold Certified Partner.
To learn more: http://www.tagetik.com
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