Gartner Magic Quadrant For Corporate Performance Management Suites
Corporate Performance Management (CPM) Suites have become an essential part of modern businesses as they help organizations to align their strategies with their overall goals, manage their financial and operational data effectively and make data-driven decisions. Choosing the right CPM Suite can be a daunting task, as there are many options available in the market. However, Gartner Magic Quadrant for Corporate Performance Management Suites can make this task easier for you.
In this article, we will discuss everything you need to know about Gartner Magic Quadrant for Corporate Performance Management Suites, including what it is, how it works, and who the current leaders are in the market. So, let's get started.
What is Gartner Magic Quadrant?
Gartner Magic Quadrant is a research methodology and visualization tool that provides a graphical representation of a market's direction, maturity, and participants. It is a popular tool used by businesses and organizations to make informed decisions about technology investments, partnerships, and other strategic initiatives. The Gartner Magic Quadrant assesses vendors on two primary criteria: ability to execute and completeness of vision.
The ability to execute is evaluated based on factors such as the vendor's product or service, overall viability, sales execution and pricing, customer experience, and operations. The completeness of vision is evaluated on factors such as market understanding, innovation, marketing strategy, and product strategy.
What is Gartner Magic Quadrant for Corporate Performance Management Suites?
Gartner Magic Quadrant for Corporate Performance Management Suites is a research report that provides a detailed analysis of the CPM market and evaluates vendors offering CPM Suites based on their ability to execute and completeness of vision. The report is published annually by Gartner, one of the world's leading research and advisory companies.
The report is designed to help businesses and organizations to identify the most suitable CPM Suite for their needs by providing an unbiased evaluation of the vendors in the market. The Gartner Magic Quadrant for Corporate Performance Management Suites includes a visualization tool that categorizes vendors into four quadrants: Leaders, Challengers, Visionaries, and Niche Players.
Leaders in Gartner Magic Quadrant for Corporate Performance Management Suites
Leaders in Gartner Magic Quadrant for Corporate Performance Management Suites are vendors that have a strong ability to execute and a clear vision for their market. They are established vendors with a significant market presence and a proven track record of delivering high-quality products and services.
The current leaders in the Gartner Magic Quadrant for Corporate Performance Management Suites are:
- Oracle
- SAP
- IBM
- OneStream Software
- Workiva
These vendors are recognized for their ability to offer a comprehensive suite of CPM solutions that support various functions such as financial planning, budgeting, forecasting, and reporting. They also have a strong market presence and a proven track record of delivering high-quality products and services.
Challengers in Gartner Magic Quadrant for Corporate Performance Management Suites
Challengers in Gartner Magic Quadrant for Corporate Performance Management Suites are vendors that have a strong ability to execute but lack a clear vision for their market. They are often established vendors with a significant market presence but may lack innovation or differentiation from their competitors.
The current challengers in the Gartner Magic Quadrant for Corporate Performance Management Suites are:
- Wolters Kluwer
- Anaplan
- BlackLine
- Solver
- Vena Solutions
These vendors are recognized for their strong ability to execute and provide a comprehensive suite of CPM solutions that support various functions such as financial planning, budgeting, forecasting, and reporting. However, they may lack a clear vision for their market or may lack innovation or differentiation from their competitors.
Visionaries in Gartner Magic Quadrant for Corporate Performance Management Suites
Visionaries in Gartner Magic Quadrant for Corporate Performance Management Suites are vendors that have a clear vision for their market but may lack the ability to execute. They are often innovative vendors with unique offerings that differentiate them from their competitors but may lack market presence or a proven track record of delivering high-quality products and services.
The current visionaries in the Gartner Magic Quadrant for Corporate Performance Management Suites are:
- Longview Solutions
- Adaptive Insights
- Axiom Software
- Prophix Software
- Unit4
These vendors are recognized for their unique offerings and clear vision for their market. However, they may lack the ability to execute or may lack market presence or a proven track record of delivering high-quality products and services.
Niche Players in Gartner Magic Quadrant for Corporate Performance Management Suites
Niche Players in Gartner Magic Quadrant for Corporate Performance Management Suites are vendors that may lack both the ability to execute and a clear vision for their market. They are often small vendors with a limited market presence and a narrow focus on specific functions or industries.
The current niche players in the Gartner Magic Quadrant for Corporate Performance Management Suites are:
- Tagetik
- Host Analytics
- Businessware Technologies
These vendors are recognized for their niche offerings and may provide unique solutions to specific functions or industries. However, they may lack the ability to execute or a clear vision for their market, and their market presence may be limited.
Conclusion
Gartner Magic Quadrant for Corporate Performance Management Suites is an essential tool for businesses and organizations to make informed decisions about technology investments, partnerships, and other strategic initiatives related to CPM. The report provides an unbiased evaluation of vendors based on their ability to execute and completeness of vision and categorizes them into four quadrants: Leaders, Challengers, Visionaries, and Niche Players.
By understanding the vendors in each quadrant and their strengths and weaknesses, businesses and organizations can identify the most suitable CPM Suite for their needs and make data-driven decisions that align with their overall goals and strategies.