CCH Tagetik scores highest for product capabilities in Gartner’s Magic Quadrant for Cloud Financial Planning and Analysis Solutions

No wonder they call it the “Magic” Quadrant. Gartner, Inc.’s much-anticipated annual Magic Quadrant for Cloud Financial Planning and Analysis Solutions is a powerful visual representation of the way the top vendors in the field are rated. Just released for 2019, it evaluates 15 vendors of cloud-based FP&A solutions according to user ratings of their “Completeness of Vision” on one axis and “Ability to Execute” on the other.

As an early adopter of cloud for FP&A, CCH Tagetik has proven the ability of cloud solutions to provide the full functionality and robustness of on-premises offerings while increasing flexibility, enhancing service and speeding up return on investment.

We are pleased that CCH Tagetik Budgeting and Planning solution has not only consolidated its position in the “Visionary” segment of the Quadrant with the highest ratings for “Ability to Execute”, but also scored the highest overall for product capabilities, as recognized by valuable global customers such as BNP Paribas who recently modernized their Budgeting and Planning process with CCH Tagetik. “We chose CCH Tagetik over the other vendors because during our selection process we found that CCH Tagetik was better than all of them on different domains like robustness, flexibility, reliability, the fact that it has an integrated workflow, possibilities to report and to analyze via drill through and other different capabilities”. Listen to their story here.

If we were to single out one factor in the significant improvement to our already strong position in the Gartner Magic Quadrant, it would be the success of our Analytic Information Hub which powers the CCH Tagetik Finance Transformation Platform. The hub connects and empowers finance and operations with a single trusted solution for granular data, and planning processes that benefit from the ability to provide better insights, planning agility and faster decision making. Our SAP co-innovated and certified ‘powered by SAP HANA’ version provides even more value with native SAP HANA integration and faster performance.

Gartner MQ FP&A

On a wider level, the fact that our 2019 scores were significantly higher than 2018 in many key reference areas bears out the ease of use, flexibility, agility and functional capabilities which are synonymous with CCH Tagetik. With many respondents representing entities with revenue in excess of $1 billion, we are continuously earning the trust of large, complex organizations to provide solutions for their decision-making and financial reporting needs, effectively replacing on-premises planning solutions in large or complex enterprise-wide FP&A projects. That’s exactly what recently happened in Sodexo deciding to replace legacy systems with CCH Tagetik Budgeting and Planning for a stronger longer-term strategy: “We chose CCH Tagetik for several reasons; on the one hand because it is a financial system that meets our modeling and reporting needs. On the other hand it is a flexible tool easy to handle by users facilitating change management. We were also captivated by CCH Tagetik's understanding and business knowledge and thought that CCH Tagetik could support us in the longer term.” Listen to their story here.

We strongly believe that Finance executives should have the power to guide innovation across the organization, sustain business growth and anticipate market challenges. That’s what the Analytic Information Hub is for: to help finance going beyond traditional corporate performance management, harness data explosion and easily transform financial and operational data into information to effectively support decision making. And it’s only the beginning of the Finance Transformation we are enabling our customers to leverage: we’re proud that progress has been acknowledged, but we remain fully committed to the innovation which ensures we offer the best fit for the current and future challenges of the office of finance.

If you want to discover more, read the full 2019 Gartner Magic Quadrant for Financial Planning and Analysis Solutions here.

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