BOSTON--(BUSINESS WIRE)--The 2018 Nucleus Research Corporate Performance Management (CPM) Value Matrix shows a divide in the market between CPM cloud innovators and traditional leaders in the CPM space, with slow adoption of cloud CPM offerings from established ‘dinosaur vendors’ and individual departments deploying specialized software choices instead. This is one of several obstacles causing CPM to lag behind other enterprise software in the cloud.
A new breed of younger challengers has focused on offering attractive cloud-based solutions with advanced features, yet the more established, older vendors continue to set the pace as CPM overall maintains one of the longest ‘upgrade’ cycles compared to other enterprise software.
Leaders in this year’s CPM Technology Value Matrix include: Adaptive Insights, Anaplan, BOARD, Host Analytics, OneStream Software and Vena Solutions.
“While the rapid development and delivery of cloud CPM applications has opened new opportunities for ROI in the market, resistance to moving existing on-premise CPM deployments to cloud and a slow upgrade pace is challenging traditional vendors to transform their business and customer base,” said Barbara Peck, principal analyst at Nucleus Research.
Nucleus sees this breadth of diversity as a challenge that vendors are tackling in more recent roadmaps and expects customer adoption to increase once stronger business cases have been established. With greater knowledge of how CPM and ERP products interact, customers will be better able to evaluate vendor offerings based on their own needs.
“Many vendors have roots stemming from the finance department with greater functionality built out from there. This does give customers a range of planning and accounting processes spread throughout planning systems that are on-premise, however single diverse cloud applications are still rare. This trend shows a persistent lack of understanding of the advantages of cloud-based solutions among many CPM customers,” said Kelsey Anspach, analyst at Nucleus Research.
Within the Technology Value Matrix, vendors are evaluated on both usability and functionality – key drivers of value – and placed into four categories: Leaders, Experts, Facilitators, and Core Providers. Customers can use the Matrices to evaluate vendor short lists as well as to make the case for maintaining existing applications.
See the full report at: https://nucleusresearch.com/research/single/cpm-technology-value-matrix-2018/
About Nucleus Research
Nucleus Research is a global provider of investigative, case-based technology research and advisory services. We deliver the numbers that drive business decisions. For more information, visit NucleusResearch.com or follow us on Twitter @NucleusResearch.