Towergate Selects Tagetik for Budgeting, Planning and Compliance Reporting Processes

LONDON and LUCCA, Italy, May 29, 2012 /PRNewswire/ --

Fast growing insurance intermediary improves financial processes with Tagetik

Tagetik, a global provider of enterprise software solutions for Performance Management, Disclosure Management, Financial Governance and Business Intelligence, today announced that Towergate (http://www.towergate.com), Europe's largest independently owned insurance intermediary has selected the Tagetik's platform for its budgeting, planning and compliance reporting processes.

Mike Newman, Chief Information Officer at Towergate explains: "Following a thorough evaluation of the market we selected Tagetik. They demonstrated a deep knowledge and understanding of our requirements and have delivered an effective solution for our business."

"Towergate is a fast growing company requiring diverse reporting from across the organisation from standard budgets and forecasts, financial and non-financial KPIs as well as compliance reporting fulfilling the reporting needs of Finance, Operational and Commercial functions across the whole group. Tagetik's Performance Management software will ensure that the time spent collecting, managing and maintaining management and KPI reports will be significantly reduced and will be managed more efficiently, providing one version of the truth," says Tim Philip, Finance Director at Towergate.

"We are delighted to be working with Towergate on a worldwide budgeting project specifically tailored to the needs of the insurance industry. We put forward a strong proof of concept which exceeded the company's expectations, proving our ability to meet all their needs. Their decision was mainly based on our deep knowledge of financial processes, product capability, technology stack, strategic relationship with Microsoft and, last but not least, our unrivalled passion for performance," adds Manuel Vellutini -Executive Vice President, Chief Operating Officer at Tagetik (http://www.tagetik.com/about/company/management/manuel-vellutini).

"Towergate with its plans to expand Tagetik's use to hundreds of users beyond the Finance function is particularly exciting for us, validating the software's use as a true Corporate Performance and Compliance Reporting application across the whole organization," concludes Shak Akhtar, Managing Director at Tagetik UK.

About Towergate

Towergate is an entrepreneurial company, led by people with a reputation for innovation and professionalism. Since 1997, when Towergate entered the insurance market, it has grown to become Europe's largest independently owned insurance intermediary turning over more than £2 billion of gross written premium across our companies. 4,000 committed staff, based across 100 UK offices, gives you and your business access to real product knowledge along with a personal approach to service that can be completely trusted. It offers an unsurpassed range of over 200 general and specialist insurance products for niche markets ranging from holiday homes to private helicopters. Towergate is also the most significant insurance provider to the UK SME market.

To learn more: http://www.towergate.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, governance, risk, compliance, 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

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

Tagetik UK Press Contact:
Paul Burtenshaw
+44(0)203-1784526
paulburtenshaw@tagetik.com

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