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Gartner ranking of the best EPM solutions for 2024 and the latest vendor innovations
News from 30 November 2024
The latest Gartner 2024 ranking has delivered its verdict
Financial Planning Software category
EPM vendors such as Oracle, Onestream, Anaplan and SAP dominate the market, while players such as Jedox and Board are firmly established among the leaders. Pigment, the French EPM solution, enters Gartner's ranking in the promising Visionaries group, alongside Planful, according to the institute.
Leaders:
- Anaplan: renowned for its collaboration and large-scale planning capabilities, with a modern, user-friendly interface.
- Oracle Fusion Cloud EPM: suited to large companies thanks to its extensive integration with other financial tools.
- OneStream: optimal for financial consolidation in complex, often large organisations.
- SAP Analytics Cloud: strong for analytical integration, it is often used with other SAP products and is primarily aimed at large organisations.
- Wolters Kluwer (CCH® Tagetik): a comprehensive solution for consolidation and reporting, powered by AI for financial and strategic planning.
- Jedox: used for specific solutions, especially by SMEs seeking flexibility.
- Board: combines EPM and Business Intelligence (BI), offering great versatility.
- Workday Adaptive Planning : ideal for SMEs and fast-growing companies, with a cloud focus.
Visionaries:
- Pigment: entering the Magic Quadrant for the first time, recognised for its innovation and effective architecture.
Niche Players:
- Prophix: an intuitive solution for small and medium-sized businesses.
Anaplan announces its new Anaplan Co Planner tool.
The company is expanding its Anaplan Intelligence portfolio with the launch of Anaplan Co Planner, an AI embedded in applications for generative conversational queries. Anaplan Co Planner enables conversational querying of customer data and models. Combined with the integrated workflow, the application facilitates immediate action on generated insights, helping customers respond at the pace of business.
Request a demoOnestream announces the preview release of the Onestream Sensible AI Library and Onestream Genesis.
At the Onestream Wave Developer Conference, Onestream announced two new features that enable developers to accelerate the development and adoption of AI solutions, through products specifically designed to automate key financial workflows and pave the way for “touchless” planning and forecasting.
Sensible AI Library offers predefined AI models designed to enable end users to seamlessly consume and interact with data across key financial planning and forecasting, close and consolidation, reporting and analytics processes.
Genesis enables business teams to configure and visualise a wide range of data with an easy-to-use low-code framework.
Anaplan unveils IFP and OWP
Anaplan continues to innovate with the launch of two new applications, Integrated Financial Planning (IFP) and Operational Workforce Planning (OWP). Based on best practices and customer needs, these applications leverage the flexibility and configurability of the Anaplan platform for customised planning scenarios.
- IFP offers best-practice FP&A processes, including management of the P&L, balance sheet, cash flow and planning for various financial areas (revenue, capital, etc.). It includes predefined models and ready-to-use dashboards, with innovative and user-friendly guided configuration. The application also connects to ERP/GL systems via Anaplan Data Orchestrator.
- OWP provides a real-time view of headcount, costs and talent needs, enabling better alignment between strategic plans and workforce requirements. The application features predefined models and integrates with HR/HCM, ATS and ERP systems, ensuring workforce changes remain aligned with budgetary objectives.
Wolters Kluwer (CCH Tagetik) introduces CCH AnswerConnect for Canadian tax professionals
Wolters Kluwer announced a new bilingual GenAI tool in CCH AnswerConnect for tax professionals in Canada. This feature enables questions to be asked in French or English, simplifying access to tax information and making searches more efficient.
Request a demo
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PARTNERSHIPS
Board enters into a partnership agreement with Poppi
Board is partnering with Poppi, a manufacturer of health-promoting prebiotic sodas. The agreement aims to help Poppi transform its planning and support its continued growth in the retail sector.
Provedere, a leader in predictive planning, partners with Board
Board announced a partnership with Provedere to integrate a 360° view of internal and external data, making Board a comprehensive platform for enterprise planning.
JCDecaux selects Onestream to support its finance transformation
JCDecaux has signed an agreement with OneStream to modernise its financial consolidation and ESG processes, replacing SAP BFC to unify its financial reporting and provide greater flexibility to its teams.
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AGENDA
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TRADE SHOWS / EVENTS
- 26 November 2024: Board- Board and the Controller Institut in Prague are holding a conference with the Controller Institut in Vienna on the use of AI and machine learning to optimise business data analysis.
- 28 November 2024: Onestream - OneStream is holding a seminar in Copenhagen on 28 November, focused on the adoption of modern finance platforms by banking institutions.
- 04 December 2024: Pigment - exclusive session where the Vice President of Coca-Cola will share how the company leveraged a planning platform to adapt effectively to the pace of change.
- 05 December 2024: Anaplan - Anaplan Connect Atlanta: this event will bring together industry professionals to discuss strategic planning and financial innovation. Reserved for finance executives from large organisations.
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Webinars
- 04 December 2024: Anaplan - webinar where Anaplan will reveal how its next-generation Cloud solution is revolutionising the financial close and consolidation process. Discover how to turn frustration into satisfaction through an innovative approach.
- 11 December 2024: Pigment - Session to discover the key differences between Pigment and Anaplan. This session will explore their performance, strengths and specific use cases to guide decision-makers in their choice of platform.
- 11 December 2024: Planful- on-demand session explaining how the Planful platform drives business success and enables collaboration between marketing, HR and finance. To make financial performance management a team sport.
