Enterprise software solutions firm Tagetik has signed an Original Equipment Manufacturer (OEM) agreement with data discovery firm Qlik to integrate the two companies’ business intelligence (BI) and performance management software solutions.
The combination of the two solutions will see Tagetik application data become available natively to Qlik customers, while Tagetik’s users will gain access Qlik’s data analysis, reporting and dashboard capabilities all in one tool.
“This partnership was facilitated by several very large global companies who are using our products and realised the benefit of a tightly integrated solution that takes advantage of the respective strengths of our products,” says Bani Brandolini, president international, Tagetik. “Tagetik and Qlik are committed to offering to our mutual customers, and to the market at large, a standard setting best of breed BI, CPM, and Financial Analytics solution.”
QlikView, Qlik’s model for analysing financial data, will access embedded financial intelligence on Tagetik’s platform, using it for such actions as currency conversion and intercompany eliminations, segment reporting, KPIs and financial metrics.
The ultimate goal is present a unified solution for BI, Corporate Performance Management and Financial Analytics, enabling complete analysis and management of business performance.
“This partnership responds to the growing demand from companies to empower their business with powerful and flexible visual analysis tools to immediately provide relevant information and insight into their business,” says Rosagrazia Bombini, VP and managing director for Italy, Qlik. “Thanks to the integration, companies will have greater insight into financial information and metrics that drive decision-making processes, resulting in a significant competitive advantage.”