LUCCA, Italy, April 2 /PRNewswire/ --

- The Extensible Business Reporting Language (XBRL) a Reporting Standard
Embraced by the Securities and Exchange Commission (SEC and Other Regulatory
Bodies Around the World.)

Tagetik, a global provider of Performance Management and Financial
Governance software solutions, enabling companies to create financial reports
according to the extensible Business Reporting Language standard. XBRL,
defined by the SEC as the 21st Century Disclosure Initiative, a new system
for financial reporting "accessible and easier to use, dynamic and organized
around core company information", it is an open standard that guarantees a
transparent innovative and effective financial communication. XBRL was
conceived in 1998 by an accountant who developed this international open
standard looking for an efficient and secure method to transfer to the
website of the company financial information included in the electronic
accounting system.

"Today more than ever, Tagetik supports the CFOs and CIOs in simplifying
the complexity of business processes," comments Manuel Vellutini, Chief
Operating Officer of Tagetik. "Companies are facing a new performance
challenge to bring immediate benefits by raising the level of accuracy,
detail and standardization of financial reporting."

Tagetik's solution for Performance Management and Financial Governance
can help companies respond to the needs dictated by international and local
regulations. XBRL provides an identifying tag for each item of financial
data, while normally the financial information is treated as a block of text,
exactly as in a standard Internet page or a printed document. To prepare a
report in XBRL with Tagetik is easy and allows users to create sophisticated
financial reporting, improve internal controls for external reporting, reduce
costs, time and complexity, increase accuracy and timeliness of data.

"Tagetik offers a unified Performance Management and Financial Governance
Solution that supports XBRL standards, enabling companies to manage
effectively their " last mile of finance " and data consolidation. With XBRL
technology, Tagetik completes the standardization and publication process,"
concludes Vellutini. "Standardization is invaluable in Finance, with
significant benefits in analysis and communication of business information,
reducing the cost and complexity of financial statement filing, along with an
increase in accuracy and timeliness of the data, and improved accuracy and
reliability to all those involved in supplying or using financial data."

XBRL stands for eXtensible Business Reporting Language

Further Information http://www.tagetik.com

Debora Orrico di Russo, Tel: +39-348-5635975, email: 
Deboraorrico@int.tagetik.com