Magic Quadrant For Strategic Corporate Performance Management Solutions
Corporate performance management (CPM) solutions are essential tools that help organizations manage their finances and operations. CPM solutions enable businesses to track and manage their performance, identify areas for improvement, and make informed decisions based on real-time data. The Gartner Magic Quadrant for Strategic Corporate Performance Management Solutions is a comprehensive report that evaluates various CPM solutions available in the market and helps businesses choose the right solution for their needs.
What is the Magic Quadrant?
The Gartner Magic Quadrant is a research methodology and visualization tool that helps businesses assess various technology markets and vendors. The Magic Quadrant evaluates vendors based on two criteria: completeness of vision and ability to execute. Vendors are then plotted on a four-quadrant graph, where the x-axis represents the ability to execute, and the y-axis represents completeness of vision. The Magic Quadrant provides businesses with a visual representation of the market and helps them make informed decisions about technology purchases.
What is Strategic Corporate Performance Management?
Strategic Corporate Performance Management (SCPM) is a subset of CPM that focuses on aligning an organization's strategy with its operations, financials, and workforce. SCPM solutions enable businesses to measure, monitor, and manage their performance in real-time, helping them identify areas for improvement and make informed decisions about investments and operations. SCPM solutions typically include budgeting and forecasting, financial consolidation, financial reporting, and analytics.
Why is the Magic Quadrant important for businesses?
The Magic Quadrant is an important tool for businesses looking to invest in technology solutions. The report provides a comprehensive evaluation of various vendors in the CPM market, helping businesses choose the right solution for their needs. The Magic Quadrant also helps businesses understand the vendor landscape, identify key players, and assess the strengths and weaknesses of various vendors. This information can be used to negotiate better deals, choose the right implementation partner, and ultimately, achieve better business outcomes.
How is the Magic Quadrant created?
The Magic Quadrant is created using a rigorous research methodology that involves several steps. The process starts with gathering data from various sources, including vendors, customers, and industry experts. This data is then analyzed using a set of evaluation criteria, such as product functionality, vendor experience, and customer satisfaction. Vendors are then plotted on a four-quadrant graph based on their ability to execute and completeness of vision. The report also includes detailed profiles of each vendor, highlighting their strengths and weaknesses.
Who are the key players in the Strategic Corporate Performance Management market?
According to the Gartner Magic Quadrant report for Strategic Corporate Performance Management Solutions, the key players in the market are:
- Oracle
- SAP
- IBM
- Infor
- OneStream Software
- CCH Tagetik
- Workiva
- Prophix
- Anaplan
- Unit4
These vendors are evaluated based on their ability to execute and completeness of vision, and are plotted on a four-quadrant graph in the Magic Quadrant report.
Conclusion
The Gartner Magic Quadrant for Strategic Corporate Performance Management Solutions is an essential tool for businesses looking to invest in CPM solutions. The report provides a comprehensive evaluation of various vendors in the market, helping businesses choose the right solution for their needs. By evaluating vendors based on their ability to execute and completeness of vision, the Magic Quadrant provides businesses with a visual representation of the market, which can be used to negotiate better deals, choose the right implementation partner, and ultimately, achieve better business outcomes.