2019 Gartner Critical Capabilities for Cloud FP&A: we couldn’t have put it better ourselves!

It feels good, particularly when it relates to what is perhaps one of the most significant result in the Gartner Inc. Critical Capabilities for Cloud Financial Planning and Analysis Solutions¹. CCH Tagetik global performance management software solution scored highest in Large and Global Organization use cases thanks to the ability to provide the critical FP&A capabilities to our customers.

 

It’s a significant result from an influential report which assesses 14 vendors of cloud FPA solutions. We’ve worked hard for this and the acknowledgement is very welcome!

 

Drilling down to the detail, CCH Tagetik scored highest for Large and Global organizations Use case, attaining a score of 4.27 and 4.28 respectively out of 5, in the group of vendors for products or services for large organizations with revenue between $1 billion and $5 billion and for global organizations with revenues of more than $5 billion. The company was also the best scoring EMEA-based organization overall, although we are represented in 52 countries across the world, so really are a perfect fit for global organizations wherever they are based.

It is the particular demands of large organizations really make us shine, especially if they seek wider financial transformation. The CCH Tagetik Finance Transformation Platform is precisely targeted at this scenario. The Finance Transformation Platform has transformed the ability to bring together financial and operational planning, financial consolidation and close, management and regulatory reporting, data governance and analytics in a single unified platform. We believe the feedback on which the Gartner report is based is testament to its ongoing success.

 

But with all this focus on large complex organizations, I hasten to add that CCH Tagetik was in the top three vendors for Business Unit use case needs and those of upper-midsize organizations — Midsize public or private organizations with $250 million to $1 billion in annual revenue.

 

The report leaves no stone unturned and we take the same approach to our business. That CCH Tagetik improved its scores for all capabilities compared with last year is great news but just spurs us on to be better next year.

 

To read the full Gartner Critical Capabilities for Cloud Financial Planning and Analysis Solutions click here.

¹Critical Capabilities for Cloud Financial Planning and Analysis Solutions by Robert Anderson, John Van Decker and Greg Leiter, August 27, 2019

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