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NMI Group Selects Tagetik to Improve Group-Wide Reporting and Management Information

PRETORIA, South Africa February 15, 2011

– Tagetik 3.0 to Simplify Statutory and Management Reporting Processes

Andre Vermeulen

Tagetik 3.0 will ensure that NMI is able to reduce the time it takes to compile annual and quarterly consolidated reports substantially and will enable the company to start producing interim reports – something it doesn’t currently manage efficiently due to the complexity around the reporting processes. Tagetik will also ensure that NMI Group is able to deal efficiently with complex multi-currency requirements and regional interpretations of accounting standards.

Ernest Pachonick, Finance Manager at NMI explains, "It’s currently time consuming to collect and process data for NMI Group requirements, so we’re excited by the prospect of enabling the regions to manage and run their own reporting, and the ability for the Group to produce consolidated reports based on one set of standardised reporting.

Manuel Vellutini

About NMI Group

The NMI Group is the holding entity that actively manages a portfolio of investments comprising a number of operating companies mainly active in the following sectors: wheat and maize milling, animal feed, pasta, biscuits, sugar, rice and poultry.

South Africa Namibia Botswana Swaziland Mozambique

About Tagetik

Tagetik delivers a unified software solution for Performance Management, Enterprise Governance, Risk & Compliance, and Disclosure Management with specialized Business Intelligence tools to optimize Collaboration and Communication.

Tagetik 3.0 creates value by simplifying complex business processes for CFOs and CIOs: budgeting, forecasting, cash flow planning, statutory and management consolidation, cost allocation, profitability analysis, financial close and fast closing, dashboard, scorecarding, collaborative disclosure management and compliance/industry requirements. Tagetik 3.0 is the solution to translate strategy into operations, manage and control overall performance down to business transactions, and improve decision-making across the whole organization while achieving faster ROI and lower total cost of ownership (TCO). Tagetik’s vision to extend Performance Management and Business Intelligence to collaborative decision-making inspired us to develop Tagetik 3.0 Enabled by Microsoft SharePoint, moving CPM from Corporate to Collaborative Performance Management.

Tagetik operates in 18 countries leveraging a close partnership with Microsoft. Its market experts are totally committed to the success of 400 customers worldwide, including some of the largest Fortune 1000 companies representing all industry sectors, as well as to build strong relationships with system integrators, technology leaders and local consulting specialists.

    Tagetik is a Microsoft Gold Certified Partner.     To learn more:      Corporate Press Contacts:     Elisabetta Pierallini     Luca Pieretti     +39-0583-96811     [email protected]      UK Press Contact:     Jacqui Freeman     +44(0)20-8297-5388     [email protected]      US Press Contact:     Alessandra Gamba     +1-203-391-7520     [email protected]  

SOURCE Tagetik

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