In my 20+ years of working in the corporate performance management (CPM) market (a.k.a. EPM) I’ve witnessed a lot of change. But with the shift to the cloud, a new world order has emerged.
The corporate performance management (CPM) market is an established one that has long been dominated by legacy, on-premises solution providers, such as Oracle, SAP, and IBM. However, in recent years, the market has been shifting to cloud/SaaS as the preferred deployment model for CPM solutions.
Thousands of companies have reaped the benefits of cloud-based CPM solutions – faster time to value, lower cost of ownership, autonomy from IT, and rapid innovation.
Recognizing this shift in the market, Gartner, focused its 2017 Magic Quadrant Research for Financial CPM (FCPM) and Strategic CPM (SCPM) on cloud-only solutions. The result is a “new world order” in terms of market leadership, where the legacy on-premises vendors no longer dominate. The next generation of CPM solution providers has emerged.
Planful Recognized as a Leader in Both Cloud FCPM and SCPM
I am proud to report that Planful was recognized as a leader in both the Gartner Cloud FCPM1 and Cloud SCPM2 Magic Quadrant reports. Moreover, Planful is the only cloud-only vendor recognized as a leader in both CPM MQs.
This recognition follows on other firsts for Planful:
- 2010: First cloud only vendor to be listed in the Gartner CPM MQ
- 2013: First cloud only vendor to be named a Visionary in the Gartner CPM MQ
- 2016: Only cloud only vendor to be listed in both the FCPM and SCPM MQs
- 2017: Only cloud only vendor named a leader in both the Cloud FCPM and SCPM MQs
Based on Gartner’s commentary, we believe Planful was named a leader in the Cloud FCPM and SCPM MQs based on our experience in the cloud market, our high customer satisfaction ratings, and our ability to address the more complex use cases.
We believe these reports provide strong validation of the breadth and depth of CPM capabilities provided by Planful across multiple CPM domains – including budgeting, planning, forecasting, modeling, financial consolidation, and reporting.
Commenting on the report, Planful CEO Dave Kellogg said, “We are extremely pleased to be in the Leaders Quadrant for both Cloud Strategic CPM and Cloud Financial CPM Solutions this year. With Gartner confirming the market shift toward cloud-based solutions, it’s a huge validation of our breadth and depth for Planful to be the only pure-play cloud vendor in the Leaders Quadrant for both CPM reports.”
Planful is pleased to offer our readers complementary copies of both the Gartner Cloud FCPM and SCPM Magic Quadrant reports.
1Gartner Magic Quadrant for Cloud Financial Corporate Performance Management Solutions, John E. Van Decker and Christopher Iervolino, 29 June 2017.
2Gartner Magic Quadrant for Cloud Strategic Corporate Performance Management Solutions, Christopher Iervolino and John E. Van Decker, 29 June 2017.
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