Tagetik's unified software wins Sava Reinsurance Company

Ljubljana (Slovenia). March 3^rd, 2011 – Tagetik, a global provider of enterprise software solutions for Performance Management, Enterprise Governance, Risk & Compliance and Business Intelligence, today announced that Sava Reinsurance Company d.d. (www.sava-re.si), provider of the highest quality insurance and financial services in the industry, chose Tagetik 3.0 as their main tool for budgeting, planning, consolidation and ‘collaborative disclosure management’ (CDM).

“Over the recent years, Sava Reinsurance Company has significantly extended its activities, also by acquiring and establishing insurance companies in Croatia, Montenegro, Serbia, Kosovo and Macedonia, thus building a strong insurance group. As an international group dealing in different currencies, we perceived a vital need for a state-of-the-art software solution that could deal efficiently with financial consolidation, strategic planning and monthly reporting. After evaluating a number of recognized CPM software vendors, we chose Tagetik,” says Zvonko Ivanušič, CEO at Sava Reinsurance Company.

Slavko Despotović, Executive Director at CRMT d. o. o., stresses the importance of multi-functionality that the Tagetik solution offers: “The fact that Tagetik 3.0 combines consolidation, budgeting, planning and ‘CDM’ in one, unified software gives it a great advantage among different solutions. Besides simplified, centralized consolidation in a single database – instead of numerous spreadsheets – better view of the process, clear responsibilities of people involved in consolidation and improvements in the planning processes are the most important Tagetik features.”

“Working side by side with our distributor, CRMT d.o.o., we are growing our customer-base, coverage and credibility in the Adriatic Region as well as strengthening our renowned presence in the financial services industry,” concludes Manuel Vellutini, EVP Chief Operating Officer (COO) at Tagetik. “Tagetik 3.0 empowers any size organizations with a unified platform for financial, operational and compliance processes, delivering extended functionality for data management and analysis all in a single software solution. As a result, financial institutions gain a complete view over their business, eliminate fragmented databases and activities, improve decision-making all while boosting automation and transparency throughout the entire financial closing and reporting cycles.”