STAMFORD, Connecticut, April 6, 2010 /PRNewswire/ -- Tagetik, a global provider of Performance Management, Financial Governance and Business Intelligence software solutions, announced today Health Care Excel, Inc. has selected Tagetik 3.0 Enabled by Microsoft SharePoint for their budgeting and planning needs.

Health Care Excel, Inc. is a private, not for profit corporation established to promote the effective, efficient and economical delivery of health care services and operates under contracts awarded by Medicare and Medicaid. Health Care Excel is recognized as one of the most experienced health care utilization management and quality improvement organizations in the United States. HCE needed a budgeting and planning solution that was flexible and easy to use and allowed them to handle software upgrades and maintenance internally. After evaluating a number of niche players, they chose Tagetik for its revenue, expense and payroll planning capabilities along with its ability to manage the complexities of their allocation cycles.

HCE also chose Tagetik because it allows budget managers to enter forecasting information, enables them to set and monitor financial targets, and is able to provide an income statement and balance sheet at any month within a fiscal year, as selected by the user. Tagetik 3.0 was best able to meet our forecasting needs which included the ability to manage 'event based' and rolling forecast requirements, as well as incorporating new business pricing and bids into the forecast, said Kim Courtad, Director of Financial Services at Health Care Excel. In addition, Tagetik 3.0 Enabled by Microsoft SharePoint allowed us to leverage our prior investment in Microsoft technologies, as keeping costs down is a primary objective across our organization.

This is an exciting new customer for us. Tagetik 3.0 Enabled by Microsoft SharePoint is able to support a wide range of markets and deliver a complete solution for customers like Health Care Excel-most importantly with a low cost of ownership and without major investments. Companies, therefore can count on Tagetik 3.0 Enabled by Microsoft SharePoint to be a solution that supports all key financial processes and can maximize the collaboration capabilities and full power of Microsoft business intelligence, explained Mark Corsetti, Vice President and General Manager of Tagetik North America.

Tagetik - recognized as a Microsoft Certified Partner - has experienced a rapid growth in the last few years, supporting the company's ongoing global expansion strategy. Tagetik 3.0's seamless integration with Microsoft SharePoint and Business Intelligence Platform is our answer to increasing market demands, added Manuel Vellutini, Chief Operating Officer at Tagetik. Today's CFO need a highly collaborative software to communicate goals and deadlines with teams, share information, manage complex financial processes, and analyze data across all the enterprise. Many of our customers benefit from powerful features to flexibly model pervasive budgeting and forecasting processes that extend financial data visibility to underneath drivers and numbers, thus understanding underlying business assumptions. In this way, companies can translate strategic plans into operational activities - from production to HR and sales departments - and align the entire organization in executing the planned strategy.

About Health Care Excel, Inc.

Health Care Excel, Incorporated (HCEI) is a private, not-for-profit organization that provides proven health care solutions that enhance the quality, accuracy, and efficiency of its clients' services. Incorporated in 1974, the organization was established to provide clinically based, objective, and independent monitoring of quality, appropriateness, and medical necessity of health care services. The HCEI corporate headquarters are located in Indianapolis, with locations in seven other US cities, including Ohio.

About Tagetik

Tagetik delivers a unified software solution to support Performance Management and Financial Governance plus extended Business Intelligence, Collaboration and Communication. Tagetik 3.0 creates value by simplifying complex business processes for CFOs and CIOs: budgeting, planning and forecasting, consolidation and reporting, financial governance, strategy management, profitability modeling, working capital analysis 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 operates in 13 countries leveraging a close partnership with Microsoft. Its market experts are totally committed to the success of 400 worldwide customers, including some of the largest Fortune 1000 companies and representing all industries, as well as to foster synergies with system integrators, technology leaders and local consulting specialists. To learn more:

Corporate Press Contact: Elisabetta Pierallini +39-(0)583-96811 US Press Contact: Patricia Cuomo +1-203-391-7520 UK Press Contact: Caroline Powell +44-(0)20-8297-5388

SOURCE: Tagetik

CONTACT: Corporate Press Contact: Elisabetta Pierallini, +39-(0)583-96811, US Press Contact: Patricia Cuomo, +1-203-391-7520, UK Press Contact: Caroline Powell,+44-(0)20-8297-5388,