Incorporates data management, financial close, and compliance capabilities with built-in analytics for comprehensive performance management for finance teams.
Applications that support budgeting, forecasting, and financial modeling to help insurers plan for future performance and resource allocation.
More Financial Planning and Analysis Tools
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Multi-Source Data Import Supports importing data from spreadsheets, accounting software, ERPs, CRMs, and claims systems. |
CCH Tagetik promotes broad data integration, enabling import from spreadsheets, ERPs, accounting, CRMs, etc., as outlined in their documentation and solution briefs. | |
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Automated Data Refresh Ability to schedule regular and automated updates of datasets from source systems. |
Solution includes data integration and workflow automation, which encompasses automated refresh functions as described on their integrations and technical pages. | |
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Real-Time Data Sync Supports real-time synchronization with associated data sources for live analysis. |
Tagetik highlights real-time data synchronization in reporting and dashboards, specifically for finance teams to enable live analysis. | |
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Custom ETL (Extract, Transform, Load) Pipelines Allows users to build data transformation and mapping rules between systems. |
Custom ETL, mapping and transformation are core features, with configurable data pipelines between systems reported by both product literature and user reviews. | |
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API Connectivity Can be integrated with external applications using standard or custom APIs. |
API integration is promoted as a core capability, with open and custom API support. | |
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Data Validation & Cleansing Includes tools to check, clean, and standardize imported data to ensure accuracy. |
Documentation lists built-in validation and cleansing for imported and in-system data. | |
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Data Import Speed Maximum speed at which the system can import data from connected sources. |
No information available | |
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Historical Data Import Limit The maximum historical data range that can be ingested for trend analysis. |
No information available | |
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Prebuilt Insurance Integrations Includes out-of-the-box integrations with common insurance platforms (e.g., Guidewire, Duck Creek). |
Prebuilt connectors for Guidewire and other insurance platforms are available as outlined among the product’s packaged solutions. | |
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User Access Controls on Data Import Support for role-based access and approval workflows for data importing. |
Tagetik supports user roles and workflow approvals at import, confirmed in admin manuals and workflow engine details. |
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Multi-Scenario Budgeting Enables creation and comparison of multiple budget and forecast scenarios. |
Multi-scenario budgeting and forecast comparisons are a key theme of Tagetik's financial planning offering. | |
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Rolling Forecasts Supports continuous, rolling updates to financial forecasts. |
Continuous and rolling forecasts are highlighted in CCH Tagetik Financial Performance Management literature. | |
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Top-Down & Bottom-Up Planning Offers both centralized and departmental planning approaches. |
Solution includes both centralized ('top-down') and departmental ('bottom-up') modeling, as described in several financial planning case studies and feature lists. | |
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Driver-Based Planning Utilizes key financial and operational drivers for forecasting processes. |
Driver-based planning/forecasting is explicitly referenced among the platform's modeling capabilities. | |
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Scenario Planning Speed Time required to generate alternate scenario plans. |
No information available | |
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Collaboration Tools for Budgeting Enables multiple users to participate in budgeting and forecasting simultaneously. |
Multi-user collaboration and workflow functionality for budget processes is reinforced by messaging across documentation and marketing. | |
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Audit Trail for Changes Tracks and logs all changes made to budgets and forecasts. |
Full audit trail for all changes is promoted as part of the system’s compliance features. | |
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Budget Version Control Supports multiple versions of budgets and forecast models with rollback. |
Version control (multiple versions, rollback) offered as part of the budgeting solution. | |
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Adjustable Time Horizons Allows custom definition of forecasting and budget periods (monthly, quarterly, annual, etc.). |
Customizable time horizons for planning (monthly, quarterly, annual) in forecast/budget modules are detailed in solution overviews. | |
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Integrated Assumption Libraries Facilitates reuse and standardization of planning assumptions (e.g., inflation, claims frequency). |
Reusable and standardized assumption libraries are cited in the modeling and forecasting feature set. | |
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Forecast Accuracy Measurement Tracks accuracy of forecasts compared to actuals over time. |
Forecast accuracy tracking is often referenced in customer stories and product guides. |
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Customizable Financial Models Allows users to create or modify financial models specific to the insurance business. |
Financial model creation and customization is a primary capability of the platform. | |
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Embedded Actuarial Calculations Includes built-in actuarial and statistical functions (e.g., loss triangles, reserving models). |
Actuarial/statistical functions such as reserving models and loss triangles are indicated as part of core insurance analytics. | |
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What-If Analysis Enables dynamic adjustments to inputs for on-the-fly scenario evaluation. |
Dynamic what-if/sensitivity analysis for scenario planning is highlighted on the product’s main planning page. | |
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Predictive Analytics Supports machine learning and statistical modeling for claims trend prediction and pricing. |
Platform supports predictive analytics, including forecasting and trending, noted throughout the analytics modules. | |
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Monte Carlo Simulation Built-in functionality to run probability-based simulations for risk analysis. |
Monte Carlo simulation is explicitly mentioned as available for risk/insurance purposes. | |
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Sensitivity Analysis Ability to test and visualize the impact of changing key input variables. |
Sensitivity analysis is included as a modeling and forecasting tool. | |
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Model Calculation Speed Average time required to run a complex model. |
No information available | |
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Model Library Provides a library of prebuilt models for insurance (e.g., cash flow, solvency, premium projection). |
A library of prebuilt insurance models and templates is promoted both for finance and insurance use-cases. | |
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Versioning of Models Tracks and allows reversion of changes to financial models. |
Model versioning and ability to rollback/track changes is documented in modeling module. | |
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Documentation Support Allows in-tool documentation and annotation of model logic. |
Enables annotation of model logic and inline documentation. | |
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Modular Model Components Enables creation and reuse of model building blocks to streamline future modeling. |
Supports modularity and reusable model components as part of their financial modeling stack. |
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Customizable Dashboards Users can build and personalize dashboards with charts, graphs, and KPI widgets. |
Users can customize dashboards with visual widgets, confirmed through solution tours. | |
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Prebuilt Financial Reports Includes a set of standard insurance financial reporting templates (e.g., statutory, regulatory). |
Standard/prebuilt insurance and regulatory reporting templates included. | |
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Ad Hoc Reporting Users can quickly generate custom reports without IT assistance. |
Ad hoc reporting for quick, self-service reporting is regularly demonstrated in product videos and materials. | |
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Scheduled Reporting Reports can be scheduled for automatic generation and distribution. |
Scheduled/batch report generation and distribution is among standard features. | |
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Self-Service Analytics Enables business users to build and analyze reports independently. |
Self-service analytics and report creation is a major value proposition. | |
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Data Export Formats Supported number of export formats (e.g., PDF, Excel, CSV, XML). |
No information available | |
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Interactive Visualization Tools Includes tools for interactive data exploration (e.g., drilldowns, filters). |
Interactive dashboards support drill-down, filtering, and data exploration. | |
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Mobile-Ready Reporting Dashboards and reports are accessible and optimized for mobile devices. |
Mobile ready dashboards and reports—responsive UIs for mobile and tablets are promoted. | |
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Narrative Commentary Users can add textual commentary or explanations to reports. |
Tagging/narrative commentary in reports is supported. | |
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Role-Based Report Access Controls who can view, edit, or share reports based on user roles. |
Role-based permissions on reporting and dashboard sharing. | |
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Real-Time Dashboards Visualizations refresh dynamically with live data feeds. |
Real-time dashboards, updating dynamically from live source data. |
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In-Platform Messaging Facilitates direct communication among users within the application. |
Collaboration tools include in-platform messaging. | |
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Task Assignment & Tracking Enables tracking and delegation of tasks involved in planning and analysis cycles. |
Supports workflow task assignment/tracking through in-app workflow engine. | |
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Approval Workflows Configurable multi-step approval processes for budgets and forecasts. |
Approval workflows are configurable for budgets and plans. | |
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Change Notifications Automated alerts and updates for key events or submissions. |
Change notifications and update alerts are sent via email and in-app. | |
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Concurrent Editing Multiple users can edit budgeting or forecasting documents at the same time. |
Enables multiple users to collaborate and edit simultaneously. | |
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Commenting & Annotations Users can comment on specific cells, reports, or model assumptions. |
Commenting and annotation on specific plan/cell/report elements. | |
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Collaboration Audit Log Tracks all user actions and collaboration events. |
Audit logs for collaboration activities. | |
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Workflow Template Library A set of prebuilt workflow templates for insurance FP&A processes. |
Workflow template library for typical finance/insurance processes. | |
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User Activity Dashboard Provides a summary of current user assignments, approvals, and tasks. |
User activity dashboards summarizing assignments/approvals. | |
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Time to Approve Workflow Step Average time it takes for approval workflows to be completed. |
No information available |
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Data Encryption All data is encrypted both at rest and in transit. |
CCH Tagetik states all data is encrypted at rest and in transit. | |
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Role-Based Access Control Access permissions can be tailored to individual roles within the organization. |
Role-based access is a mandatory security baseline and cited in compliance section. | |
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Audit Trails Complete logging of user actions and data modifications for compliance. |
Comprehensive audit trails for compliance are a core part of the solution. | |
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Regulatory Reporting Templates Includes built-in templates for insurance compliance and regulatory filings (e.g., IFRS 17, Solvency II). |
Includes regulatory templates such as IFRS 17, Solvency II per insurance focus. | |
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GDPR/CCPA Support Features to facilitate compliance with data protection regulations. |
GDPR compliance and support for global privacy regimes is described in legal/compliance documentation. | |
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Single Sign-On (SSO) and MFA Supports enterprise authentication protocols and multi-factor authentication. |
Single Sign-On and Multi-Factor Authentication are part of enterprise authentication/SSO package. | |
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Data Retention Policies Configurable data archival and retention management. |
Flexible data retention policies and configurable archiving are supported for compliance. | |
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Penetration Testing Frequency How often the system undergoes security penetration testing. |
No information available | |
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User Session Timeout Controls Customizable inactivity timeouts for user sessions. |
Custom session timeout settings described in user/admin controls. | |
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Incident Response Procedures Documented procedures for managing security breaches. |
Incident response procedure documentation for clients (compliance/IT). | |
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Data Residency Options Ability to select data storage in specific geographic regions. |
Tagetik provides data residency/location options (cloud regionality). |
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Claims Forecasting Tools for projecting future insurance claims based on trends and actuarial data. |
Claims forecasting is part of insurance-focused modules. | |
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Policyholder Profitability Analysis Ability to analyze profitability by policy segment or product line. |
Policyholder profitability analysis included in insurance profitability and analytics modules. | |
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Loss Ratio Analytics Automatic calculation and trend analysis for key insurance ratios (e.g., loss, expense, combined). |
Loss ratio analytics and insurance KPIs are automated in analytics dashboards. | |
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Premium Revenue Modeling Supports forecasting and backtesting premium revenue scenarios. |
Premium revenue modeling supported, including scenario/backtesting capabilities. | |
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Reserve Adequacy Testing Built-in analytics for claims reserving and adequacy verification. |
Reserve adequacy analytics part of actuarial/statistical calculation suite. | |
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Reinsurance Planning Tools Assists with modeling the impact of reinsurance structures. |
Reinsurance tools for modeling impact are included in insurance modules. | |
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Compliance with Insurance Accounting Standards Includes logic for accounting under statutory frameworks. |
Logic for insurance accounting (statutory frameworks) is cited as supported. | |
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Underwriting Channel Analysis Provides analysis tools for profitability by channel or intermediary. |
Analysis by channel/intermediary is part of profitability analytics. | |
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Policy Lifecycle Modeling Models full policy life from quote to claim, renewal, or lapse. |
End-to-end policy lifecycle modeling from quote to claim is covered in insurance solution set. | |
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Integration with Actuarial Tools Can be connected to external actuarial systems (e.g., Moody's Analytics, Milliman). |
Integration with external actuarial tools is possible via API/connectors. |
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Intuitive User Interface Designed for easy navigation, with consistent layouts and terminology. |
User interface is consistently praised for being highly intuitive. | |
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Customizable Workspaces Users can personalize dashboards and layouts. |
Customizable workspaces and layouts are available for end users. | |
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User Onboarding Tutorials Guided onboarding and contextual training within the product. |
Onboarding/tutorials and guided help resources are prominently featured. | |
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Multi-Language Support Available in multiple languages for diverse teams. |
Solution is offered in multiple languages for multinational finance teams. | |
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Accessibility Compliance Complies with common accessibility standards (e.g., WCAG 2.1). |
Commitment to accessibility and compliance with standards available in tech documentation. | |
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In-Tool Help & Documentation Comprehensive, searchable help resources available within the application. |
Offers in-tool documentation search as standard feature. | |
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Average User Task Speed Mean time required to complete common tasks (e.g., running a forecast). |
No information available | |
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Error Message Clarity Clear, actionable feedback when issues occur. |
Clear error messages and actionable feedback are emphasized in user experience guides. | |
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Bulk Data Update Tools Efficient interfaces for updating large datasets. |
Includes tools for bulk data upload/update, i.e., mass modifications. | |
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Keyboard Shortcuts Keyboard-based navigation and command options. |
Keyboard shortcuts and ergonomic navigation are supported. |
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Cloud-Based Deployment Offered as a fully managed SaaS solution. |
Cloud-based SaaS is primary deployment, fully managed by vendor. | |
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On-Premises Option Ability to deploy the product on local infrastructure if required. |
On-premises deployment is offered, per prospectus and sales materials. | |
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Multi-Tenancy Can securely host multiple business units or legal entities within a single platform. |
Multi-tenant support for separate business units/entities, confirmed in technical whitepapers. | |
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Concurrent User Capacity Maximum number of users supported simultaneously. |
No information available | |
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Geographic Data Centers Number of global data center locations for redundancy and compliance. |
No information available | |
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High Availability Uptime Service level guarantee for platform uptime. |
No information available | |
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Disaster Recovery Features Tools for automatic failover and data recovery. |
Automatic high availability and disaster recovery tools included for compliance/continuity. | |
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Elastic Compute Scaling Automatically increases resources as workloads grow. |
Automatically scales resources; elastic scaling is a stated feature, especially in cloud deployments. | |
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Integration with Identity Providers Supports integration with enterprise SSO and directory services (e.g., Active Directory, Okta). |
Integration with common enterprise identity providers supported (Okta, Azure AD, etc.). | |
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Mobile & Tablet Compatibility Works fully on mobile and tablet devices for remote or field staff. |
Supports full functionality on mobile and tablet devices. |
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Open API Availability Comprehensive, documented APIs for extending or integrating the platform. |
Comprehensive open API for integration/extending the platform. | |
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Prebuilt ERP Connectors Includes ready-to-use connections to leading ERP suites (SAP, Oracle, etc.). |
Ready-made connectors for SAP, Oracle, and other ERPs. | |
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Plug-In Framework Supports custom plug-ins for bespoke functionality. |
Plug-in framework is mentioned in technical integration documentation for bespoke customer extensions. | |
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Integration Monitoring Dashboard Monitors and reports on the status of all integrations. |
Dashboards to monitor integration status and API health are available. | |
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Custom Scripting/Logic Support Allows users to write custom scripts for data transformation or business logic. |
Custom scripting and in-app business logic accepted via scripting module. | |
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Webhook Support Can trigger and respond to webhooks for event-based integration. |
Supports webhook triggers and responses as part of event-based integrations. | |
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Marketplace for Add-Ons Access to a library of certified extensions or partner apps. |
Marketplace for add-ons and certified partner extensions is referenced. | |
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Integration Throughput Maximum supported transactions between systems per minute. |
No information available | |
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Legacy System Support Can connect and synchronize with older on-premises or mainframe systems. |
Ability to connect to legacy and mainframe systems via connectors/APIs clarified in integration guides. | |
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Custom Notification Channels Allows integration with external messaging or notification platforms (e.g., Slack, Teams, email). |
External notification channels (e.g., email, Teams) integration is supported as part of workflow automation. |
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24/7 Support Availability Round-the-clock technical and user support access. |
24/7 support is available to enterprise customers per support documentation. | |
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Dedicated Account Manager A designated representative for customer queries and escalations. |
Dedicated account managers for customers indicated in enterprise support packages. | |
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Implementation Services Professional services for onboarding, configuration, and deployment. |
Provides onboarding, configuration, deployment, and consulting as professional services. | |
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Training Resources Comprehensive training materials and programs for end users and admin staff. |
Training materials and programs are highlighted for both users and admins. | |
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Community Forums Access to online user communities for peer support. |
Online peer community and forums available to Tagetik users. | |
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Service Level Agreements (SLAs) Guaranteed response and resolution times for support issues. |
SLAs on support issue response and resolution times are contractually defined. | |
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Supported Languages Number of available support languages. |
No information available | |
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User Conference & Webinars Periodic conferences and webinars for product updates and best practices. |
Regular user conferences and webinars, both for updates and community-building. | |
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Feedback & Enhancement Channels Structured method for users to submit product feedback or feature requests. |
Structured process for submitting feedback and tracking enhancement requests. | |
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Vendor-Managed Upgrades Regular updates and upgrades are managed by the vendor. |
Vendor-managed upgrades and updates for SaaS/cloud clients. |
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