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Looking Under the Covers of The Gartner Magic Quadrant for CPM Suites

Gartner Critical Capabilities for CPM Suites, 2015

 

The Gartner Magic Quadrant (MQ) for CPM Suites was published back in April of this year.  The MQ is an iconic brand that generates a lot of attention in the market place and is something that takes a lot of work from the analysts who author it, the vendors who participate and most importantly the customers who participate.


Credit the Unsung Heroes

The analysts and vendors obviously have a vested interest but the customers who participate are the unsung heroes of this research.  They participate anonymously solely to voice their opinion and to help their peers in the Office of Finance navigate a very crowded market for CPM solutions.  So thanks to all the 449 respondents, and specifically to the 30 Tagetik customers, who took the time out of their busy schedules to participate in this research.

 

Learn More from the Follow-On Research That Supplements the CPM MQ

The MQ gets all the hype and debate about where vendor dots are placed and who is a leader, who is a visionary etc.  But the follow-on research that Gartner publishes after the MQ is where you can get real insight into the details and dive deeper to evaluate which solutions are best fits for your particular needs.

The User Survey Analysis (published in June) shows the satisfaction results of the various vendors across multiple criteria.  This year Tagetik ranked 3rd in overall satisfaction out of 17 vendors.

 

What Capabilities are Most Important to You?

The Critical Capabilities for Corporate Performance Management Suites  (download requires registration) was published in July and rates all the vendors across 11 critical capabilities for CPM.  This research really helps you isolate the vendors that best fit your specific needs for Financial Close and Reporting, Financial Budgets/Plans, Disclosure Management and Performance Reporting, and Corporate Planning and Modeling.  Plus it evaluates ease of use and hybrid deployment as well.

It’s a useful tool for those wanting to dive deeper into the CPM landscape and the strengths and weaknesses across the gamut of vendors from niche players to megavendors and everyone in between.

 

Tagetik Shows Broad Appeal

I took the liberty of calculating the average scores across all the capabilities and was pleased to find that Tagetik has the highest average score at 3.81 (out a possible 5) followed by Host Analytics at 3.59, SAP at 3.45 and IBM at 3.42.  Here are the averages (calculated by me not Gartner).

Download the entire report here to see the scores of all 17 vendors across all 11 critical capabilities (compliments of Tagetik) and make your own assessment. 

 

Happy reading!

 

 

Performance Management processes

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