What experiences are there with CCH Tagetik for consolidation and planning?

CCH Tagetik proves itself in practice as a high-performance Corporate Performance Management software that combines consolidation, planning and reporting on a single platform. Companies with complex group structures consistently report measurable efficiency gains in closing processes and significantly improved data quality. The following questions highlight the most important areas of practical experience.

What can companies implement concretely with CCH Tagetik?

As an integrated CPM platform, CCH Tagetik covers three core disciplines: statutory consolidation, operational planning, and comprehensive financial and management reporting. Companies use the software to automate monthly, quarterly, and annual financial statements, create budgets and forecasts, and map regulatory requirements such as IFRS and HGB.

Specifically, CCH Tagetik can be used to implement the following use cases:

Group consolidation: intercompany eliminations, currency translation, capital consolidation and minority interest calculation according to IFRS or HGB
Budgeting and forecasting: Workflow-driven planning processes with role-based access for all planning units
Integrated Reporting: Standardised reports for the Executive Board, Supervisory Board and external addressees, generated directly from the consolidation model
Data integration: Integration into ERP systems such as SAP and other source systems via standardised interfaces and RESTful APIs
Regulatory reporting: Support for ESEF, ESG reporting and other compliance requirements

The decisive advantage lies in platform integration: consolidation data, plan data and reporting structures are in the same data model. This avoids media disruptions, reduces manual reconciliation effort and creates a single source of truth for all financial processes.

How well does CCH Tagetik work for group consolidation?

In practice, CCH Tagetik is considered one of the functionally strongest solutions for group consolidation. The software reliably maps complex group structures with multiple consolidation circles, changing ownership percentages and different accounting standards. Project experience reports from large corporations confirm that, in particular, automated intercompany reconciliation and audit-proof documentation of the closing processes deliver significant time savings.

CCH Tagetik is particularly strong in the Consolidation under IFRS. The platform natively supports all key consolidation steps, including:

capital consolidation using the acquisition method
Debt consolidation and expense/income consolidation
Deferred tax at group level
equity accounting for associated companies
Automatic currency translation in accordance with IAS 21

Another empirical insight: Quality assurance in the closing process benefits greatly from the integrated validation rules and workflow management. Those responsible for the closing can track the status of individual companies at any time, lock data entry and map approval processes digitally. This noticeably shortens the closing cycles compared to Excel-based or less integrated predecessor solutions.

What strengths and weaknesses does CCH Tagetik have in practice?

In practice, CCH Tagetik stands out particularly for its functional depth, the seamless integration of consolidation and planning, and its high flexibility in data modelling. Users regularly cite the comparatively high implementation effort and the learning curve involved in administering the system as weaknesses.

Strengths of CCH Tagetik

Integrated platform: Consolidation, planning and reporting in a single system with no loss of data between processes
Regulations and automation: Complex calculation logic can be stored directly in the system, which minimises manual intervention
Scalability: The platform grows in line with the complexity of the business; new companies and consolidated groups can be added in a structured manner
Auditability: Full traceability of all entries and adjustments at consolidation level
Reporting flexibility: Matrix reports, report lists and integration with Power BI enable a wide range of output formats

Weaknesses and challenges

Implementation complexity: The implementation requires sound expertise on both the functional and technical sides
Administrative burden: Master data maintenance and system configuration require trained personnel or external support
Licence fees: CCH Tagetik is positioned in the upper price segment and is often not economical for very small companies
Areas requiring adjustment: Off-the-shelf solutions do not cover every company-specific process; customisation is often necessary

Experience shows that companies which implement CCH Tagetik with a clear business strategy and experienced project support are able to realise the platform’s strengths much more quickly and avoid typical pitfalls during the configuration phase.

How long does the implementation of CCH Tagetik take?

The implementation of CCH Tagetik typically takes between four and twelve months, depending on the scope of the project. A focused consolidation project for a medium-sized group can often go live within four to six months. Comprehensive implementations covering consolidation, planning and reporting combined generally require eight to twelve months or longer.

The project duration depends on several factors:

Scope of the functional areas: Will only consolidation be introduced, or will budgeting and forecasting be introduced at the same time?
Complexity of the group structure: Number of companies, scope of consolidation and accounting standards
Data quality and source data: Clean, structured source data from ERP systems significantly accelerates integration
Availability of internal resources: Projects run faster when the client team is involved with sufficient capacity
Project methodology: Agile approaches with iterative sprints enable earlier partial deployments

Especially with large-scale projects, a phased approach is recommended: first go live with the consolidation, then gradually add planning modules and reporting structures. That reduces project risk and delivers early, measurable benefits for the finance department.

For which company sizes is CCH Tagetik suitable?

CCH Tagetik is primarily suitable for medium-sized to large enterprises and groups that have complex requirements in consolidation, planning or reporting. The platform delivers its full value from a group structure with multiple companies, different currencies or regulatory reporting obligations.

In practice, CCH Tagetik is becoming particularly prevalent in the following types of company:

Medium-sized corporations with 5 to 50 subsidiaries looking to professionalise their Excel-based consolidation
Large corporate groups with international structures, multiple consolidation groups and IFRS reporting obligations
Capital market-oriented companies, which must comply with regulatory requirements such as ESEF or ESG reporting
Companies with complex planning processes, who wish to combine bottom-up budgeting with centralised consolidation

For very small businesses without a group structure or with straightforward planning requirements, CCH Tagetik is generally over-specced. Lighter-weight solutions are a better option in such cases. The platform is worthwhile when the effort involved in manual consolidation or the use of fragmented planning tools is already noticeably high and a scalable solution is required.

What should you bear in mind when choosing a CCH Tagetik partner?

When selecting a CCH Tagetik partner, the key criteria are in-depth subject matter expertise, proven project experience and the ability to combine technical implementation with specialist controlling know-how. A certified partner with real-world reference projects delivers significantly better results than a general service provider with only a superficial knowledge of Tagetik.

Specifically, when choosing a partner, you should bear the following points in mind:

Official certification: The partner should be listed as a certified CCH Tagetik partner, ideally with specialisms in relevant modules such as AIH, Budgeting or the Power BI Connector
Industry-specific references: Experience within one’s own sector or with comparable corporate structures is more meaningful than generic project figures
Dual expertise in specialist and technical fields: Good partners understand both IFRS consolidation principles and data modelling, ETL processes and system architecture
Support beyond implementation: Ongoing support, training and further development of the system are just as important as the initial rollout
Transparent project methodology: Clear specifications and terms of reference, together with a transparent approach, significantly reduce project risks

A common mistake is to choose a partner solely on the basis of the cheapest quote. Experience shows that a lack of technical expertise during the implementation phase leads to additional costs that quickly exceed the initial potential savings. Anyone who Services provided by an experienced partner Involving them right from the start saves time and avoids costly corrections during operation.

How Gramke Consulting supports consolidation and planning at CCH Tagetik

Gramke Consulting has been an official CCH Tagetik partner since 2022 and supports companies in industry, insurance, retail and other sectors from the business design phase right through to live operation. The team combines in-depth expertise in IFRS and the German Commercial Code (HGB) with strong technical implementation skills in CCH Tagetik, IBM TM1 and Power BI. Its client portfolio includes Talanx AG, Vaillant GmbH, Tank & Rast, TELAIR International and other well-known corporations.

Specifically, the range of services includes:

End-to-end implementation: From requirements analysis through to technical configuration and the go-live of consolidation and planning modules
Graduation support: Ongoing support with monthly, quarterly and annual financial statements in Group Controlling
Budgeting and forecasting: Development of workflow-driven planning processes, currently also for large-scale international projects
Reporting and Power BI: Integration of CCH Tagetik with Power BI for professional KPI and management dashboards
Training and coaching: Targeted training for internal teams and support with master data maintenance

If you wish to incorporate practical, real-world experience of CCH Tagetik into your project, Gramke Consulting is a partner with over 30 successfully completed projects and proven certification. Get in touch now Contact us at and arrange a no-obligation consultation so that we can discuss your requirements together.

What is the experience with CCH Tagetik for consolidation and planning?