LUCCA, Italy and LONDON, June 16 /PRNewswire/ --

- Independent Study Examines Software's Total Economic Impact(TM)

Tagetik, a global provider of Performance Management and Financial
Governance solutions, today announced that an independent case study
conducted by Forrester Consulting, commissioned by Tagetik, shows that an
investment in Tagetik software can quickly pay for itself. The study
calculated that a Tagetik customer achieved a risk-adjusted ROI of 299% over
five years with a payback period of 24 months. Tagetik commissioned the study
to examine the total economic impact and potential return on investment (ROI)
that enterprises may realize by deploying its Performance Management (PM) and
Financial Governance (FG) software.

The Key findings are the following:

"ROI. Based on the interviews with an existing customer, Forrester
constructed a TEI framework to measure the ROI. As seen in Table 1, the
risk-adjusted ROI for the interviewed organization is 299% with a break-even
point (payback period) of 24 months after deployment.

Benefits. The interviewed organization implemented Tagetik 3.0 to
consolidate disparate financial applications to improve compliance and
provide management with accurate and timely financial information. After
implementation, by eliminating a number of manual processes, the
representative organization experienced resource cost savings, a user
productivity increase, and a reduction in monthly financial and cash flow
efforts. The present value (PV) of the risk-adjusted total benefits is equal
to $5,573,000.

Costs. The costs to implement Tagetik include: software license costs,
annual software maintenance fees, implementation costs, training opportunity
costs, and ongoing administrative time. The software cost estimates are based
on the most recent price list and do not include any discounts. Readers
should measure the ROI for their own environment based on their negotiated
price. According to Tagetik, the cost would decrease as the number of
application purchased increases. In this study, we are evaluating an
organization that has implemented all the applications. The PV of the
risk-adjusted total costs is $1,398,447."

"The findings from this independent survey went far beyond our
expectations - and our customer's as well," added Manuel Vellutini, Chief
Operating Officer at Tagetik. "When a company can achieve a 299% ROI in
challenging economic times like these, CFOs and CIOs can surely achieve
significant savings by simplifying their complex business processes. This
study showed that an investment in Tagetik 3.0 can pay off in less than 24
months and that companies can achieve tangible IT and business benefits in a
very short time frame. Based on these results, we are going to commission
other studies to deepen our understanding of the total economic impact that
our solutions have on customers."

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