“The Financial Planning & Analysis market is accelerating its shift from mature on-premises offerings to cloud solutions.” A move that’s understandable when you consider the reduced support costs, increased flexibility and shorter time to value that cloud solutions can offer.

This continued shift is leading to more and more businesses re-evaluating their current systems and applications. And, when reviewing technology, most will investigate who the leading vendors are in the most recent Gartner Magic Quadrant…

Which is great news. Because in the new Cloud Financial Planning & Analysis Magic Quadrant, IBM’s Planning Analytics has been named a “Leader”.

Financial Planning and Analysis in the Cloud Leader - IBM Planning Analytics

Magic Quadrant reports help those looking to find a technology vendor that fits their needs. Instead of simply showing statistics or ranking companies in lists, Magic Quadrants use a matrix to illustrate the strengths and differences between companies.

While the MQ is intended to help narrow down a vendor search – not tell a customer what vendor they should choose – Leaders in the MQ have scored highly on both “completeness of vision” and their “ability to execute”, showing their ability to effect the overall direction of the market.

FP&A solutions support the office of finance’s efforts to manage financial planning, forecasting and budgeting as well as financial modelling and performance reporting, linking corporate strategy and execution.

Planning Analytics offers planning, budgeting and forecasting modelling; dashboards; and analytics. It also embeds pattern detection, advanced analytics and natural-language queries from Watson Analytics.

While it’s available both on-premises and in the cloud, it was first introduced to the market as a cloud-based solution. Based on the well-established TM1 technology, Planning Analytics introduced many improvements to enhance functionality, usability and flexibility.

Users reported that their top-three product selection criteria, in order, were modelling capabilities, solution flexibility and price. This is supported further by the increasing number of Planning Analytics customers now on cloud, and a stable platform.

A great reason to start investigating a move away from older versions of TM1…

 

 

 

SaveSave

SaveSave

SaveSave

Posted in Planning Analytics On July 27, 2018 By

Author Bio

Gordon Laing

Gordon Laing

After years spent plying a trade in journalism, I changed. But journalists never really change, do they? It’s always been about finding and sharing the best insight. And always will be.

View All Posts

Let's Talk

If you’re exploring the best way to move your solution the the cloud, or if you're considering Planning Analytics, or if you just want some good advice, drop us a line - we'd be happy to help.

We would really like to keep you up to date with future Barrachd news. But we know that no one wants to be contacted with irrelevant, self-promoting spam. So if you tick the box, we promise to only ever send you (very) occasional updates on news that we think will interest you, invites to exclusive Barrachd events and webinars, and relevant offers that could help drive your data advantage. And, of course, you can opt out at any time if you change your mind.

Let's Talk

Is it time you continued your journey to AI? Fill in the form below to book your no-fuss consultation with one of our industry experts.

We would really like to keep you up to date with future Barrachd news. But we know that no one wants to be contacted with irrelevant, self-promoting spam. So if you tick the box, we promise to only ever send you (very) occasional updates on news that we think will interest you, invites to exclusive Barrachd events and webinars, and relevant offers that could help drive your data advantage. And, of course, you can opt out at any time if you change your mind.