Magic Quadrant for Financial Planning Software
Vendors or products added in this year’s report may indicate a change in the market, change in evaluation criteria, or change of focus by the vendor.
Vendors or products dropped from one year to the next may indicate a change in the market, change in evaluation criteria, or change of focus by the vendor.
No vendors were dropped in this report.
This Magic Quadrant evaluates vendors that have met Gartner's criteria for the financial planning software market. The financial planning software market has shifted to meet the needs of FP&A leaders who are now seeking more agile processes to navigate the evolving landscape of enterprise-level risks, including the need for real-time predictive insights and flexibility in financial strategies. The transition from on-premises to cloud-based financial planning software reflects a broader trend toward SaaS offerings, facilitating faster implementation, improved ease of use and reduced dependence on IT staff for management. Roper Technologies closed its acquisition of Syntellis on 7 August 2023 during the research period for this Magic Quadrant. During the evaluation phase, Syntellis met the inclusion criteria and was evaluated for this Magic Quadrant; Roper Technologies was not evaluated.
A: Magic Quadrants are snapshots in time. To be impartial and complete in its analysis, Gartner stops the data collection efforts at a consistent time for all vendors. In the case of this Magic Quadrant, the product and service capabilities were required to be in production and generally available as of 30 June 2023 for the solution to be considered in this evaluation. Vendors may appear or not appear based on meeting the specific inclusion criteria related to product capabilities, market presence, customer base requirements, geographic reach, and revenue thresholds.