On May 31, Gartner released its 2016 Magic Quadrant for Corporate Performance Management Suites reports. This year, Gartner split the CPM MQ into two parts: The first one, Strategic CPM (SCPM), is primarily focused on planning, budgeting and forecasting. Also included are solutions for strategy management, profitability modeling, and performance reporting.
The second MQ, Financial CPM (FCPM), covers financial consolidation, financial and management reporting and disclosures, financial close management and account reconciliations. Oracle was one of two vendors recognized as a Leader in both reports.
Gartner’s Magic Quadrant reports position vendors within a particular quadrant based on their completeness of vision and ability to execute. In this year’s reports, Oracle is positioned with the highest ability to execute over all other vendors.
Gartner has the following observations about the SCPM and FCPM spaces this year:
Demand in the SCPM market is continuing to shift to cloud-based solutions. The ability to provide and support these has become a requirement. The availability of cloud-based options is not as visionary a phenomenon as it was, but instead has become necessary. It is critical for small and midsize organizations with fewer IT resources, and very important for large organizations needing to reduce their support costs and requiring more flexible solutions. This flexibility is necessary to support certain use cases and the functional needs of diverse business units.
FCPM offerings continue to shift toward cloud-based solutions that deliver a shorter time to value and improved ease of use while improving agility. The ability to provide cloud-based solutions and demonstrate experience with supporting these solutions is now a generally accepted requirement in this market. The availability of a cloud-based option is no longer visionary, but a necessity. It is necessary for SMBs with fewer IT resources for ongoing support, and for large organizations that require more flexible solution options — especially for certain use cases or for business units or departments requiring specific domain relevance, functional innovation, ease of use and agility.
Oracle’s enterprise performance management cloud and on-premises applications help connect organizations, drive predictable performance and confident reporting.
For more information about Oracle’s Enterprise Performance Management Applications please go to www.oracle.com/epm.