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.
With the advancement of cloud-based financial planning software and analytics capabilities, access to a wider range of data sources has become possible. This includes transactional, operational and external data, with some use cases even providing real-time data. The expansion of data sources enables FP&A leaders to better support a more comprehensive scope of financial and operational planning needs. However, this expansion requires new investments in technology and infrastructure that best suit current and future organizational needs. Additionally, the inclusion of AI capabilities such as predictive analytics, and the evolution of NLP-driven insights and confidence metrics empower FP&A leaders to deliver more enhanced data-driven decision-making capabilities to their organizations.
A: We review and adjust our inclusion criteria for Magic Quadrants as markets change. As a result of these adjustments, the mix of vendors in any Magic Quadrant may change over time. A vendor's appearance in a Magic Quadrant one year and not the next does not necessarily indicate that we have changed our opinion of that vendor. It may be a reflection of a change in the market and, therefore, changed evaluation criteria, or of a change of focus by that vendor.