As part of its ongoing EPM/CPM market research, Gartner recently published two new reports that match capabilities of EPM/CPM solutions to use cases. The two reports are Gartner Critical Capabilities for Strategic and Financial Corporate Performance Management Solutions.
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These reports are another deliverable from Gartner’s overall Magic Quadrant research process in which Gartner uses customer survey data to assess each vendor’s ability to deliver critical CPM capabilities matched to four specific use cases. The two critical capabilities reports align to the recent splitting of the CPM Magic Quadrants into Strategic CPM and Financial CPM. You can learn about the rationale for this split view of the market in a prior blog article. Here are the requirements that are covered in each report.
In the two reports, Gartner accurately states that the degree to which each of the above capabilities is important varies by use case. The use cases described in these research reports are for the following market segments:
So how did Planful stack up in these reports? Among the key use cases in the “Critical Capabilities for Strategic CPM” report, Planful received:
According to the Gartner report, “Planful received high scores for all ease-of-use capabilities. It also received strong scores for financial budgets and plans, as well as corporate planning and modeling. This combination of ratings is important for small and midsize businesses, but also benefits individual business units within larger organizations.”
In the “Critical Capabilities for Financial CPM” report, Planful received:
The Financial CPM report includes some vendors who don’t provide any core financial consolidation and reporting capabilities – such as Blackline and Workiva. These vendors provide strong functionality for areas such as account reconciliations and financial close workflow and were ranked highly in the report. However, when you look past these vendors at the highest-ranked vendors who provide financial consolidation and reporting capabilities, Planful is the highest-ranked pure cloud-EPM vendor in several use cases as noted above.
According to the Gartner report, “Planful is one of the Visionaries in Gartner’s “Magic Quadrant for Financial Corporate Performance Management Solutions.” This is due to the vendor’s level of cloud experience, customer satisfaction and its products’ abilities to support the more complex use cases.”
In a recent press release highlighting the report, Planful CEO Dave Kellogg said, “The latest reports from Gartner provide buyers with a deeper understanding of how vendors match up to a range of use cases while proving that cloud-based solutions can address the needs of small, mid-sized and larger organizations. Planful is unique in its ability to address both strategic and financial CPM requirements, as evidenced by our ability to scale across a broad range of use cases.”
For complimentary access to the two Gartner reports, “Critical Capabilities for Strategic Corporate Performance Management Solutions” and “Critical Capabilities for Financial Corporate Performance Management Solutions,” click here.
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