The corporate performance management (CPM) market 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.
Recognising this shift in the market, Gartner, focused its 2017 Magic Quadrant Research for Financial CPM (FCPM) and Strategic CPM (SCPM) to recognise cloud solutions as Leaders. For those of us still getting up to speed with the terminology SCPM & FCPM cover:
Financial Corporate Performance Management (FCPM) Solutions - this includes Financial Consolidation, Financial Reporting, Management Reporting, Reconciliations/Close Management, Intercompany Transactions and Disclosure Management.
Strategic Corporate Performance Management (SCPM) Solutions - this includes Corporate Planning, Modelling, Integrated Financial Planning, Strategy Management and Profitability Management.
The result of this year's Magic Quadrants however, is a shake-up in terms of market leadership, where the legacy on-premises vendors no longer dominate. The next generation of CPM solution providers has emerged.
Host Analytics Recognised as a Leader in Both Cloud Financial CPM and Strategic CPM
We're so excited to report that Host Analytics was recognised as a Leader in BOTH the Gartner Cloud FCPM and SCPM Magic Quadrant reports. Moving from last year as the only cloud CPM vendor recognised in both Magic Quadrants we're now one of only two vendors who were recgonised as Leaders across both the Strategic and Financial Cloud CPM Magic Quadrants, outperforming both on-premise and other cloud alternatives. For finance teams, that means Host Analytics is well geared to support organisations at a superior level that have needs in both Financial CPM (financial consolidation, close management, financial reporting) and/or Strategic CPM (budgeting, forecasting, planning, financial modelling), enhancing scalability of the software solution across the organisation.
This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Host Analytics which you can access by clicking here.
Based on Gartner’s commentary, we believe Host Analytics was named a Leader in the 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. These reports provide strong validation of the breadth and depth of CPM capabilities provided by Host Analytics across multiple CPM domains – including budgeting, planning, forecasting, modelling, financial consolidation and reporting.
This recognition follows on for Host Analytics this year:
- Gartner: One of the two named as a Leader in both the Cloud FCPM and SCPM MQs
- Nucleus 2017 CPM Value Matrix: A CPM Leader with high usability & highest functionality in the cloud.
- Dresner 2017 Wisdom of Crowds Study: Rated The Leader In Customer Experience For Enterprise Planning
Host Analytics is pleased to offer complementary copies of both the Gartner Cloud FCPM and SCPM Magic Quadrant reports. Download the Gartner CPM Magic Quadrant reports to learn:
- Why cloud has become the preferred CPM deployment model
- Who the key vendors are & how they compare
- Why mega vendors no longer dominate the market
- Best practices in evaluating & selecting a vendor
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.