BOSTON--(BUSINESS WIRE)--Nucleus Research today released the 2021 Corporate Performance Management Value Matrix, its assessment of the corporate performance management (CPM) market.
Evaluating CPM vendors based on their solutions’ usability, functionality and value to the user, Nucleus named Board International, OneStream Software, Planful, Prophix, Vena Solutions and Wolters Kluwer CCH Tagetik as leaders.
With unprecedented demand and supply fluctuations, companies can no longer rely on historical data, or basic email and spreadsheet processes, to develop annual budgets and forecasts. The need to unify planning and accurately gauge performance across all individuals, teams, and departments for organizational agility in this new normal is at an all-time high. Now more than ever, organizations are turning to CPM solutions to orchestrate their financial activities.
“As the pandemic places greater pressure on organizations, CPM vendors have expanded planning functionality beyond finance, allowing other teams to leverage solutions and collaborate with finance to best address pain points, overarching goals and individual priorities,” says Isaac Gould, analyst at Nucleus Research. “Users can now expect guided workflows with pre-built modules for quick implementation, and some vendors have even developed wizards to guide budgeting and forecasting activities.”
“Demand for CPM solutions has reached a fever-pitch, due to the transition to remote work brought on by the pandemic,” says Ian Campbell, CEO of Nucleus Research. “Leading vendors have innovated their solutions to compete, offering platform models to accommodate the wide scope of CPM functionality. Additionally, with the increased presence of ERP vendors in the CPM market, we expect increased market consolidation as businesses seek to reduce IT costs and complexity and prioritize ease of implementation.”
While other firms’ market reports position vendors based on the analyst’s opinions, the Nucleus Value Matrix evaluates vendors based on analysis of actual end-user experiences that drive the value customers achieve from the solution. The Matrices are designed to help a buyer evaluate a short list of vendors and choose the solution that delivers the greatest return for its specific needs.
See the full report at: https://nucleusresearch.com/research/single/cpm-technology-value-matrix-2021/
About Nucleus Research
Nucleus Research is a global provider of investigative, case-based technology research and advisory services. The company’s ROI-focused research approach provides unique insight into the actual results technology solutions deliver, allowing organizations to cut through marketing hype to understand real operational value and select or renew the best technology solution for their environment. For more information, visit NucleusResearch.com.