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Tagetik’s Unified Software Wins Sava Reinsurance

The Slovenia-based reinsurer to implement Tagetik 3.0 functionality for multiple performance management processes

March 3, 2011 - PRLog -- Ljubljana (Slovenia)  –  Tagetik, a global provider of enterprise software solutions for Performance Management, Enterprise Governance, Risk & Compliance and Business Intelligence, today announced that Sava Reinsurance Company d.d. (www.sava-re.si), provider of the highest quality insurance and financial services in the industry, chose Tagetik 3.0 as their main tool for budgeting, planning, consolidation and ‘collaborative disclosure management’ (CDM).

“Over the recent years, Sava Reinsurance Company has significantly extended its activities, also by acquiring and establishing insurance companies in Croatia, Montenegro, Serbia, Kosovo and Macedonia, thus building a strong insurance group. As an international group dealing in different currencies, we perceived a vital need for a state-of-the-art software solution that could deal efficiently with financial consolidation, strategic planning and monthly reporting. After evaluating a number of recognized CPM software vendors, we chose Tagetik,” says Zvonko Ivanušič, CEO at Sava Reinsurance Company.

Slavko Despotović, Executive Director at CRMT d. o. o., stresses the importance of multi-functionality that the Tagetik solution offers: “The fact that Tagetik 3.0 combines consolidation, budgeting, planning and ‘CDM’ in one, unified software gives it a great advantage among different solutions. Besides simplified, centralized consolidation in a single database – instead of numerous spreadsheets – better view of the process, clear responsibilities of people involved in consolidation and improvements in the planning processes are the most important Tagetik features.”

“Working side by side with our distributor, CRMT d.o.o., we are growing our customer-base, coverage and credibility in the Adriatic Region as well as strengthening our renowned presence in the financial services industry,” concludes Manuel Vellutini, EVP Chief Operating Officer (COO) at Tagetik. “Tagetik 3.0 empowers any size organizations with a unified platform for financial, operational and compliance processes, delivering extended functionality for data management and analysis all in a single software solution. As a result, financial institutions gain a complete view over their business, eliminate fragmented databases and activities, improve decision-making all while boosting automation and transparency throughout the entire financial closing and reporting cycles.”

About CRMT
CRMT is a leading consulting company specializing in corporate performance management, business intelligence, data warehousing, data integration and master data management. The company provides end-to-end services from data architecture, implementation, project management, long term support, and training. CRMT’s competitive advantage is derived from our extensive team of experts with highest level of knowledge and competence who provide our customers the most innovative, reliable, and consistent results on every project. CRMT has an enviable track record of client success due to its unique ability to deliver solutions on time and within budget.

To learn more: www.crmt.com

About Tagetik
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: www.tagetik.com

Corporate Press Contacts:
Elisabetta Pierallini
Luca Pieretti
+39 0583 96811

Adriatic Region Press Contact:
Nives Nadoh
+396 40 437 127

US Press Contact:
Alessandra Gamba

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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.

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Phone:+39 0583 96811
Location:LUCCA - Tuscany - Italy
Industry:Performance management, Budgeting, Consolidation
Tags:Tagetik, Performance Management, Disclosure Management, Business Intelligence, Budgeting, Planning, Reinsurance
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