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Last updated on April 16, 2014 at 17:29 EDT

The Henkel Group Plans Ahead With Tagetik

June 18, 2012

UNTERSCHLEISSHEIM and DÃœSSELDORF, Germany and LUCCA, Italy, June 19, 2012 /PRNewswire/ –

Leading German Group in the global marketplace

will implement a driver-based budgeting and planning system

Tagetik, a global provider of enterprise software solutions for Performance
Management, Disclosure Management, Financial Governance and Business Intelligence, today
announced that the Henkel Group (http://www.henkel.com) has selected Tagetik 4.0 and
Tagetik’s distributor in Germany, Austria and German-Speaking Switzerland, pmOne AG
(http://www.pmone.com), to implement a new enterprise planning system. The software
will optimize the company’s current planning processes, which incorporate approximately
1,000 employees worldwide.

Prior to choosing the software, Henkel designed an innovative, driver-based concept
that will expedite the planning cycle, reduce budgeting granularity and simplify the
process of consolidating results on the group level. Tagetik will serve as the technology
platform to achieve these goals.

“During the selection process, pmOne understood our requirements the best and
successfully implemented them with Tagetik as part of a pilot project,” explains Christoph
Wenner, Corporate Director for Subsidiary Controlling & Corporate Planning at Henkel.
“What impressed us most is that the software can unify the planning and budgeting process
throughout our company while accounting for the individual needs of specific divisions and
departments. In addition, we can use Tagetik to flexibly execute our driver-based concept
and run what-if simulations on various levels.”

“Tagetik’s adaptability and comprehensive standard functionality are two of its
outstanding qualities which have impressed yet another DAX corporation,” adds Hakan
Soykan, Country Manager for Germany & Switzerland at pmOne (
http://www.pmone.de/en/company/management). “As a result, Henkel can replicate its
enterprise planning in a single system and efficiently support the entire process using
the software’s built-in workflow features.”

“This is yet another example of how Tagetik is uniquely able to support large
organizations in managing their complex Performance Management processes,” concludes
Manuel Vellutini – Executive Vice President, Chief Operating Officer at Tagetik
(http://www.tagetik.com/about/company/management/manuel-vellutini). “The Henkel Group
recognized the value of a powerful solution seasoned with deep domain expertise and
dedication to customer success that Tagetik and pmOne provide.”

About the Henkel Group

Henkel operates worldwide with leading brands and technologies in three business
areas: Laundry & Home Care, Cosmetics/Toiletries and Adhesive Technologies. Founded in
1876, Henkel holds globally leading market positions both in the consumer and industrial
businesses with well-known brands such as Persil, Schwarzkopf and Loctite. Henkel employs
about 47,000 people and reported sales of 15,605 million euros and adjusted operating
profit of 2,029 million euros in fiscal 2011. Henkel’s preferred shares are listed in the
German stock index DAX and the company ranks among the Fortune Global 500.

To learn more: http://www.henkel.com

About pmOne AG

pmOne is a growing Business Intelligence provider in Central Europe. The company’s
solutions, which are based on Microsoft technologies, focus on three pillars: data
warehousing as the foundation, performance management applications especially for
reporting, enterprise planning and group consolidation as well as visualization through
information design. MindBusiness GmbH, a member of the pmOne Group, specializes in
Microsoft SharePoint solutions and services for Microsoft Office rollouts.

pmOne has 150 employees combining over 900 years of project experience. The company
founded in 2007 is fully owned by its management and staff. The pmOne Group has eight
offices in Germany, Austria and Switzerland.

To learn more: http://www.pmone.com

About Tagetik
Tagetik is 100% dedicated to simplifying and streamlining business processes for the
Office of Finance to accelerate informed decisions that achieve strategic goals. Our
award-winning Tagetik 4.0 Performance Management software is the ideal solution for global
companies that seek a clearly superior level of financial expertise in a single unified
solution for planning, forecasting, consolidation, close, reporting, profitability
management, disclosure, financial governance, and analysis.

Tagetik is a rapidly growing global company with operations in more than 20 countries
and 500 customers yet provides an exceptional experience by focusing solely on the needs
of finance and doing it better than anyone else. To learn more: http://www.tagetik.com

Follow @Tagetik [http://twitter.com/#!/tagetik ] on Twitter, join the Tagetik
Experience [http://www.linkedin.com/groups?mostPopular=&gid=114466 ] group on LinkedIn,
watch Tagetik’s Channel [http://www.youtube.com/TagetikCorporate ] on YouTube, and/or
become Tagetik fan [http://facebook.com/tagetik ] on Facebook.

        Tagetik Corporate Press Contacts:
        Elisabetta Pierallini
        Luca Pieretti
        +39-0583-96811
        lucapieretti@tagetik.com

        Austria | Switzerland | Germany
        Press Contact:
        Britta Kaufer
        +49-89-4161761-0
        britta.kaeufer@pmone.com

SOURCE Tagetik


Source: PR Newswire