Axel Springer selects Tagetik to manage Statutory Consolidation Processes

Unterschleissheim/Berlin (Germany) and Lucca (Italy)May 22, 2013 – Tagetik, a global provider of enterprise software solutions for Performance Management, Disclosure Management, Financial Governance and Business Intelligence, today announced that Axel Springer AG ( – Germany’s largest newspaper and third-largest magazine publisher – has chosen the Tagetik software solution to manage its statutory consolidation processes.

Delivered by Tagetik’s distributor in Germany, Austria and German-speaking Switzerland, pmOne AG (, the consolidation application will be implemented in a SAP landscape and will replace the previous SAP EC-CS solution. KPMG has been selected by the media company as implementation partner.
“Customer satisfaction is a top priority at Tagetik. Besides the software’s functionality, more and more companies are selecting Tagetik also based on user testimonials. Such was the case with Axel Springer, who could evaluate the software thanks to a referral from a Tagetik customer within their same industry that reported having a very positive experience,” says Stefan Sexl, Member of the Management Board, Responsible for Marketing & Products of pmOne AG.

“Major global companies across all industries rely on our software to effectively cover today’s ‘Finance’ function challenges, improve their performance, and reduce costs with a single, unified software platform,” concludes Manuel Vellutini – Executive Vice President, Chief Operating Officer at Tagetik ( “It is amazing to see the Tagetik community grow not just because of our unique approach to CPM, but through word-of-mouth by our happy customers.”