LS Travel Retail North America Implements Tagetik's Performance Management Software

NEW YORK and LUCCA, Italy, October 3, 2013 /PRNewswire/ --

LS Travel Retail implements integrated solution for Budgeting, Planning, and Forecasting

Tagetik, a global provider of enterprise software solutions for Performance Management, Disclosure Management, Financial Governance and Business Intelligence, today announced that LS travel retail North America, a leading retailer in North America (http://www.lstrna.com), implemented Tagetik's Performance Management software as its solution for budgeting, planning, and forecasting.

"The recent implementation of Tagetik has allowed LS to take our budgeting and planning to the next level-supporting the many complexities of having over 250 stores and 60 cost centres," says Ivana Krpan, Vice President, Financeat LS travel retail North America. "We already see many efficiencies and expect more as we continue to use this robust tool."

"With the full-suite of Tagetik 4, LS can now automate all of their budgeting processes while allowing many users in their company to participate with full visibility into the budgeting and planning process. The detailed hierarchies they are able to create this year will help them to dissect data by region, better understand their results, and of course have improved forecasting," explains Dave Kasabian  - Corporate Vice President of Product Marketing at Tagetik.

"Our implementation process at Tagetik is designed to quickly meet and exceed a customers most complex business requirements, so it is always rewarding when a customer sees the immediate benefits of our approach," concludes Manuel Vellutini, Chief Operating Officer at Tagetik. "With Tagetik 4, we are confident that LS will maximize their return on investment and continue to achieve the highest level of financial excellence."

About LS

LS travel retail North America is transforming the travel experience. With over 250 stores, our programs are engaging passengers in new and exciting ways. From news and gift, to specialty retail and food, our brands and concepts focus on delivering trendsetting products and services that are relevant to today's traveler. Our business solutions help landlords reinforce their brand promise and optimize the full potential of their facilities. LS travel retail is a wholly-owned subsidiary of Lagardère Services, a world leader in travel retail and press distribution, with over 3,800 stores in 20 countries covering 4 continents. Building on our company's heritage, global reach, and local talent, LS travel retail offers a very specific set of assets, competencies and capabilities. To learn more: http://www.lstrna.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 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 550 customers yet provides an exceptional experience by focusing solely on the needs of finance and doing it better than anyone else.

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

Tagetik UK Press Contact:
Shak Akhtar
+44(0)8708510540
shakakhtar@tagetik.com

Tagetik US Press Contact:
Caitlyn Hessell
+1-203-391-7520
caitlynhessell@tagetik.com