Towergate budgets better with Tagetik | Microsoft News ...

Financial services

30 May 2012

Towergate, Europe?s largest independently owned insurance intermediary, has selected the Tagetik platform for its budgeting, planning and compliance reporting processes.

Mike Newman, chief information officer at Towergate, commented: ?Following a thorough evaluation of the market we selected Tagetik. They demonstrated a deep knowledge and understanding of our requirements and have delivered an effective solution for our business.?

Tagetik?s performance management software will ensure that the time spent collecting, managing and maintaining management and KPI reports will be significantly reduced

Tim Philip,?Towergate??Tagetik?s performance management software will ensure that the time spent collecting, managing and maintaining management and KPI reports will be significantly reduced and will be managed more efficiently, providing one version of the truth,? said Tim Philip, finance director at Towergate.

?We are delighted to be working with Towergate on a worldwide budgeting project specifically tailored to the needs of the insurance industry,? said Manuel Vellutini, executive vice president, chief operating officer at Tagetik ?We put forward a strong proof of concept which exceeded the company?s expectations, proving our ability to meet all their needs.

?Their decision was mainly based on our deep knowledge of financial processes, product capability, technology stack, strategic relationship with Microsoft and, last but not least, our unrivalled passion for performance,?

?Towergate with its plans to expand Tagetik?s use to hundreds of users beyond the finance function is particularly exciting for us, validating the software?s use as a true corporate performance and compliance reporting application across the whole organisation,? concluded Shak Akhtar, managing director at Tagetik UK.

Since 1997, when Towergate entered the insurance market, it has grown to become Europe's largest independently owned insurance intermediary turning over more than ?2 billion of gross written premium across our companies.

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