Tagetik Announces its Partnership With Fujitsu
Poster: SySAdmin
Posted on February 10, 2011 at 9:35:01 AM
Tagetik Announces its Partnership With Fujitsu
LUCCA, Italy, February 10, 2011/PRNewswire/ --
- A Strategic, Global Agreement to Resell Fujitsu Interstage XWand and
Support Organizations With XBRL and iXBRL Filing Requirements
Tagetik, a global provider of enterprise software solutions
for Performance Management, Governance, Risk & Compliance and Business
Intelligence, today announced an agreement with Fujitsu
(http://www.fujitsu.com ), a leading global provider of ICT-based business
solutions, to resell its market-leading XBRL software, Interstage(R)
XWand(R).
eXtensible Business Reporting Language (XBRL) is fast becoming
the standard for financial reporting across the world, allowing regulators to
define the data they require from organizations in a clear and concise
fashion as XBRL taxonomies. iXBRL - or inline XBRL - is a further development
of XBRL that allows users of financial data to interpret the information
quickly and effectively. In the UK, HMRC (http://www.hmrc.gov.uk) has
mandated that all CT Returns (CT600, computation and entity accounts) for
accounting periods ending after 31 March 2010 and submitted after 31 March
2011 must now be filed on-line using iXBRL. As a result, organizations will
no longer be able to make submissions using XML and PDF formats.
"Fujitsu is very pleased to provide the XBRL and iXBRL
capabilities of Interstage XWand to Tagetik and its customers,"
says Tsune Yoshizawa, Senior Vice President, Software Business, Fujitsu
America. "Powered by Interstage XWand, Tagetik will be able to provide a more
complete reporting solution and further deliver on the promise of XBRL.
Customers will gain confidence from knowing that Tagetik is leveraging the
same XBRL engine that is trusted in the major financial capitals of the
world."
"Using Tagetik 3.0 Collaborative Disclosure Management, finance
departments can unify the processes of preparing, sharing and publishing all
types of financial data ranging from budget and management reports to
statutory filings and sustainability reports," adds Manuel Vellutini, EVP
Chief Operating Officer at Tagetik.
"What makes Tagetik 3.0 unique is the ability to automate the entire
Closing process offering full Microsoft Office integration and now, also,
XBRL/iXBRL native support," continues Marco Pierallini, EVP Chief Development
Officer at Tagetik. "This partnership marks a strategic milestone and
investment for Tagetik's product development, providing organizations with a
platform that can cover and streamline all the phases of corporate
disclosures, from data collection, adjustment, reconciliation, analysis
through to the final step of plugging financial information and regulatory
reports, including state-of-the-art XBRL technology."
Fujitsu has aggressively led the development and adoption of XBRL
standards and technologies for many years. Fujitsu Interstage XWand is the
outcome of those pioneering efforts and is a market-tested solution used by
regulators, auditors, filers, analysts, and enterprises in more than 25
countries around the world.
Tagetik 3.0 works seamlessly with Fujitsu Interstage XWand, enabling
organizations to tag financial data and output it in XBRL/iXBRL while
providing support for all the phases of the financial information lifecycle
including the preparation, validation, analysis and dissemination of reports.
Organizations can thus automate the creation of XBRL/iXBRL reports, reducing
the administration around this activity, saving time and improving accuracy,
as well as create error-free submissions and validate them before
filing. Along with providing detailed tagging support in Microsoft Word,
Tagetik 3.0 gives the ability to generate the XBRL/iXBRL document directly
from the Word document.
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, score carding, 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: http://www.tagetik.com
Fujitsu, Interstage and XWand are trademarks or registered trademarks of
Fujitsu Limited in the United States and other countries.
Corporate Press Contacts:
Elisabetta Pierallini
Luca Pieretti
+39-0583-96811
press@tagetik.com
UK Press Contact:
Jacqui Freeman
+44(0)20-8297-5388
jacquif@jdmarketing.co.uk
US Press Contact:
Alessandra Gamba
+1-203-391-7520
alessandragamba@tagetik.com
Source: Tagetik
Corporate Press Contacts: Elisabetta Pierallini, Luca Pieretti, +39-0583-96811, press@tagetik.com . UK Press Contact: Jacqui Freeman, +44(0)20-8297-5388, jacquif@jdmarketing.co.uk . US Press Contact: Alessandra Gamba, +1-203-391-7520, alessandragamba@tagetik.com .
LUCCA, Italy, February 10, 2011/PRNewswire/ --
- A Strategic, Global Agreement to Resell Fujitsu Interstage XWand and
Support Organizations With XBRL and iXBRL Filing Requirements
Tagetik, a global provider of enterprise software solutions
for Performance Management, Governance, Risk & Compliance and Business
Intelligence, today announced an agreement with Fujitsu
(http://www.fujitsu.com ), a leading global provider of ICT-based business
solutions, to resell its market-leading XBRL software, Interstage(R)
XWand(R).
eXtensible Business Reporting Language (XBRL) is fast becoming
the standard for financial reporting across the world, allowing regulators to
define the data they require from organizations in a clear and concise
fashion as XBRL taxonomies. iXBRL - or inline XBRL - is a further development
of XBRL that allows users of financial data to interpret the information
quickly and effectively. In the UK, HMRC (http://www.hmrc.gov.uk) has
mandated that all CT Returns (CT600, computation and entity accounts) for
accounting periods ending after 31 March 2010 and submitted after 31 March
2011 must now be filed on-line using iXBRL. As a result, organizations will
no longer be able to make submissions using XML and PDF formats.
"Fujitsu is very pleased to provide the XBRL and iXBRL
capabilities of Interstage XWand to Tagetik and its customers,"
says Tsune Yoshizawa, Senior Vice President, Software Business, Fujitsu
America. "Powered by Interstage XWand, Tagetik will be able to provide a more
complete reporting solution and further deliver on the promise of XBRL.
Customers will gain confidence from knowing that Tagetik is leveraging the
same XBRL engine that is trusted in the major financial capitals of the
world."
"Using Tagetik 3.0 Collaborative Disclosure Management, finance
departments can unify the processes of preparing, sharing and publishing all
types of financial data ranging from budget and management reports to
statutory filings and sustainability reports," adds Manuel Vellutini, EVP
Chief Operating Officer at Tagetik.
"What makes Tagetik 3.0 unique is the ability to automate the entire
Closing process offering full Microsoft Office integration and now, also,
XBRL/iXBRL native support," continues Marco Pierallini, EVP Chief Development
Officer at Tagetik. "This partnership marks a strategic milestone and
investment for Tagetik's product development, providing organizations with a
platform that can cover and streamline all the phases of corporate
disclosures, from data collection, adjustment, reconciliation, analysis
through to the final step of plugging financial information and regulatory
reports, including state-of-the-art XBRL technology."
Fujitsu has aggressively led the development and adoption of XBRL
standards and technologies for many years. Fujitsu Interstage XWand is the
outcome of those pioneering efforts and is a market-tested solution used by
regulators, auditors, filers, analysts, and enterprises in more than 25
countries around the world.
Tagetik 3.0 works seamlessly with Fujitsu Interstage XWand, enabling
organizations to tag financial data and output it in XBRL/iXBRL while
providing support for all the phases of the financial information lifecycle
including the preparation, validation, analysis and dissemination of reports.
Organizations can thus automate the creation of XBRL/iXBRL reports, reducing
the administration around this activity, saving time and improving accuracy,
as well as create error-free submissions and validate them before
filing. Along with providing detailed tagging support in Microsoft Word,
Tagetik 3.0 gives the ability to generate the XBRL/iXBRL document directly
from the Word document.
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, score carding, 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: http://www.tagetik.com
Fujitsu, Interstage and XWand are trademarks or registered trademarks of
Fujitsu Limited in the United States and other countries.
Corporate Press Contacts:
Elisabetta Pierallini
Luca Pieretti
+39-0583-96811
press@tagetik.com
UK Press Contact:
Jacqui Freeman
+44(0)20-8297-5388
jacquif@jdmarketing.co.uk
US Press Contact:
Alessandra Gamba
+1-203-391-7520
alessandragamba@tagetik.com
Source: Tagetik
Corporate Press Contacts: Elisabetta Pierallini, Luca Pieretti, +39-0583-96811, press@tagetik.com . UK Press Contact: Jacqui Freeman, +44(0)20-8297-5388, jacquif@jdmarketing.co.uk . US Press Contact: Alessandra Gamba, +1-203-391-7520, alessandragamba@tagetik.com .