Corporate Finance News

Lundi 2 Juin 2014

New Frontier Group Chooses Tagetik's Unified Performance Management Software

Unified solution for planning, cash flow, consolidation and disclosure management offers high-standard functionality, process support, and integration with Microsoft Business Intelligence platform

Tagetik, a global provider of enterprise software solutions for performance management, disclosure management, financial governance and business intelligence, today announced that New Frontier Group - Austria's leading IT services provider in Central and Eastern Europe - has chosen Tagetik's enterprise-wide software to manage planning, cash flow, consolidation and disclosure management processes in a truly unified solution.

Delivered by Tagetik's distributor in Germany, Austria and German-speaking Switzerland, pmOne AG, the application will support the Office of Finance and be implemented in a Microsoft landscape, fully integrated with Microsoft's Business Intelligence platform. In addition to high-standard functionality, the new software solution will support the Group in mapping its dynamic corporate structure as well as achieve the highest level of automation in managing financial processes.

"During an intensive, two-day workshop pmOne convinced us that Tagetik was the best software solution to perfectly meet our high standard requirements in terms of both technology know-how and consulting expertise. All within a unified performance management system empowered with built-in functionality and financial intelligence," explains Georg Schoder, chief financial officer at New Frontier Group.

"We are seeing strong market demand for a unified corporate performance management software solution," adds Hannes Wambach, managing director at pmOne GmbH. "Tagetik also leverages extensive analytic capabilities and supports the entire 'close-to-disclosure' process in an auditable environment. Therefore, New Frontier Group will be well-equipped to flexibly respond to the increasing demands that the Office of Finance faces every day."

"Major global companies across all industries rely on our software to effectively cover today's 'Finance' function challenges, improve their performance, and reduce costs within a single, unified software platform," says Manuel Vellutini, executive vice president, chief operating officer at Tagetik. "We are very pleased to welcome New Frontier Group to our growing list of global customers that have chosen Tagetik to simplify the complexity of managing and controlling their financial data."

About New Frontier Group
New Frontier Group is a leading IT services provider in Central and Eastern Europe and operates worldwide with direct subsidiaries in 17 countries. The company's wide portfolio ranges from consulting services, integration of comprehensive IT solutions, to own IP products and services. In 2013, Gartner named New Frontier Group one of Top 10 Companies in IT Services in Central and Eastern Europe. With its set of solutions comprised under the brand "The Missing Link", New Frontier Group is at the forefront of digital transformation. The company achieved revenues of 208MEUR in 2013 and is headquartered in Vienna.

About Tagetik
Tagetik is one of the fastest growing global software companies in the Performance Management industry, with operations in more than 30 countries and over 600 customers worldwide. Tagetik delivers enterprise solutions while providing a 'boutique' experience, resulting in the highest level of client satisfaction in the industry.
With deployment options in the cloud or on-premises, Tagetik 4 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. By moving to a unified financial solution, Tagetik customers have dramatically increased organizational efficiencies, reduced risk, saved money and improved their companies' bottom lines.

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