IDC MarketScape: Evaluating 12 leading enterprise performance management (EPM) vendors

Enterprise Performance Management has emerged as one of the fastest-growing subsets of the big data and analytics market. EPM software measures, analyzes and optimizes financial performance management, planning, forecasting and certain risk management functions.

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Financial planning, budgeting, forecasting, cost management, risk management and tax accounting are not the most glamorous of functions within an enterprise, but they are certainly one of the most important.

That’s why Enterprise Performance Management (EPM) has emerged as one of the fastest-growing subsets of the big data and analytics market. EPM software measures, analyzes and optimizes financial performance management, planning, forecasting and certain risk management functions.

“Enterprise performance management has been around for a long time, but in many cases, business users have continued to use spreadsheets to circumvent the complexities of working with heavy, legacy EPM applications. Modern EPM is a game changer, putting insights at the hands of the business user and allowing enterprises to make better and more strategic decisions in a much timelier manner,” according to Chandana Gopal, research manager, analytics and information management at IDC.

This IDC MarketScape analyzes 12 leading EPM products. In order to qualify for inclusion in the MarketScape assessment, vendors were required to have a cloud-based offering, to have the capabilities to do close and consolidation functions, to have a horizontal offering in addition to any vertical solutions and to have a sizable North American presence.  

The vendors are: Adaptive Insights, Anaplan, BOARD International, Host Insights, IBM, insightsoftware.com, Kaufman Hall, Longview, Oracle, Prophix, SAP and Vena Systems.

The vendor evaluation is based on proven IDC methodology that gathers data from a variety of sources, including detailed surveys, interviews with the vendors, publicly available information and end-user experiences. The MarketScape report includes graphics that provide invaluable information for anyone considering an EPM solution:

  • A detailed taxonomy of big data and analytics tools
  • A set of criteria that IDC uses to determine the current capabilities of EPM products
  • A list of key measures for evaluating a company’s future strategy for product development.
  • And a MarketScape Graph that positions the vendors in relation to each other, with the y-axis reflecting current capabilities and the x-axis showing how well future strategies align to what customers will require in 3-5 years.

In addition, as part of the MarketScape methodology, IDC conducted interviews with more than 50 customer and partner references. Several key themes around requirements emerged from these conversations, which IDC compiled into a bonus feature – advice for tech buyers that comes directly from real customers.

To read IDC's full vendor assessment, log in or subscribe here:

 

Financial planning, budgeting, forecasting, cost management, risk management and tax accounting are not the most glamorous of functions within an enterprise, but they are certainly one of the most important.

That’s why Enterprise Performance Management (EPM) has emerged as one of the fastest-growing subsets of the big data and analytics market. EPM software measures, analyzes and optimizes financial performance management, planning, forecasting and certain risk management functions.

“Enterprise performance management has been around for a long time, but in many cases, business users have continued to use spreadsheets to circumvent the complexities of working with heavy, legacy EPM applications. Modern EPM is a game changer, putting insights at the hands of the business user and allowing enterprises to make better and more strategic decisions in a much timelier manner,” according to Chandana Gopal, research manager, analytics and information management at IDC.

This IDC MarketScape analyzes 12 leading EPM products. In order to qualify for inclusion in the MarketScape assessment, vendors were required to have a cloud-based offering, to have the capabilities to do close and consolidation functions, to have a horizontal offering in addition to any vertical solutions and to have a sizable North American presence.  

The vendors are: Adaptive Insights, Anaplan, BOARD International, Host Insights, IBM, insightsoftware.com, Kaufman Hall, Longview, Oracle, Prophix, SAP and Vena Systems.

The vendor evaluation is based on proven IDC methodology that gathers data from a variety of sources, including detailed surveys, interviews with the vendors, publicly available information and end-user experiences. The MarketScape report includes graphics that provide invaluable information for anyone considering an EPM solution:

  • A detailed taxonomy of big data and analytics tools
  • A set of criteria that IDC uses to determine the current capabilities of EPM products
  • A list of key measures for evaluating a company’s future strategy for product development.
  • And a MarketScape Graph that positions the vendors in relation to each other, with the y-axis reflecting current capabilities and the x-axis showing how well future strategies align to what customers will require in 3-5 years.

In addition, as part of the MarketScape methodology, IDC conducted interviews with more than 50 customer and partner references. Several key themes around requirements emerged from these conversations, which IDC compiled into a bonus feature – advice for tech buyers that comes directly from real customers.

To read IDC's full vendor assessment, log in or subscribe here:

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IDC MarketScape: Worldwide EPM Analytic Applications 2018 Vendor Assessment Excerpt