Keepmoat Selects Tagetik to Streamline Consolidation and Reporting Processes

Lucca, Italy and Doncaster, UK - 8 March 2013

UK construction and services company improves Finance productivity with robust Performance Management software

Tagetik, a global provider of enterprise software solutions for Performance Management, Disclosure Management, Financial Governance and Business Intelligence, today announced that Keepmoat - UK market leader in community regeneration, repairs and maintenance, sustainability, and housing solutions - selected Tagetik's Performance Management solution to manage their financial consolidation and reporting processes on top of Microsoft SQL Server.

The software will be replacing Keepmoat's existing spreadsheets. At a later stage, the company will also be implementing Tagetik's unified application to manage their budgeting, planning, and forecasting processes.

"With the merger of Apollo & Keepmoat Group and different underlying ERP systems we needed an overarching EPM solution which would provide flexible management reporting across different business and statutory needs. During the selection process, Tagetik proved to be robust and rich in functionality which we knew would allow us to implement our current needs as well as future plans such as budgeting, forecasting and cash flow planning," says Stefan Allanson, Deputy CFO at Keepmoat.

"We are delighted to have another construction company, and more importantly, a well-known name in the housing and regeneration industry," explains Shak Akhtar, Managing Director at Tagetik UK.

"Implementation of Tagetik will enable the Finance team and other Keepmoat subsidiaries to engage in the financial reporting process in a secure and structured way whilst, at the same time, allow Keepmoat Finance team to provide their senior management with information that matches the needs of a growing and changing organisation."

"By implementing Tagetik's unified software platform, I know Keepmoat will benefit from this powerful solution which simplifies the complex processes of managing business performance and financial assets," adds Manuel Vellutini - EVP, Chief Operating Officer at Tagetik. "Our software's 'built-in' functionality empowers the Office of Finance with greater data insights, shorter process cycle times, and higher customer satisfaction."

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