3rd largest retailer in the world selects Tagetik to streamline global consolidation and reporting

9th May 2012

Metro AG has selected Tagetik 4.0 as its new corporate solution for financial, statutory and management consolidation. The software,which is distributed by pmOne GmbH replaces the trade group’s previous solution SAP EC-CS. Several hundred users worldwide will benefit from Tagetik4.0 functionality.

METRO GROUP is one of the world’s most important international retailing companies with some 280,000 employees from 180 nations working at over 2,100 outlets in 33 countries in Europe, Africa and Asia. Business operations are divided into wholesale, food retail, non-food specialty stores and department stores.

“The fact that as Metro AG, which is listed in the DAX 30, has chosen our solution for Performance Management emphasizes that Tagetik supports customers from small-medium businesses up to large, global corporations with a very attractive, innovative and flexible software solution for the Office of Finance and IT,” says Stefan Sexl pmOne AG. “Its outstanding and highly built-in, advanced features for complex consolidation processes, as well as the strong commitment by the joint pmOne and Tagetik team, proved to be the decisive criterion for Metro AG.”

“We are delighted to add another large company like Metro (#65 in the Global 500) to our impressive list of references around the world,” adds Manuel Vellutini Executive Vice President, Chief Operating Officer at Tagetik. “Passion for performance is what drives us to develop and deliver the best, unified, performance management software available. Deep domain expertise, built-in financial intelligence and innovative capabilities mixed with a ‘human touch’ are the foundation of our product superiority and strong customer relationships.”

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