Gartner Distinguishes Tagetik One of the Top Three Vendors in the CPM Space
- 18.10.2016 10:00 am
Tagetik, a leader in global performance management software solutions, today announced that its unified Finance Performance Platform was evaluated by research and advisory firm Gartner, Inc. in its recently published reports, Critical Capabilities for Strategic Corporate Performance Management (SCPM) Solutions1 and Critical Capabilities for Financial Corporate Performance Management (FCPM) Solutions2.
Tagetik was one of six vendors evaluated in both reports, which included evaluations on ease of implementation, ease of use, ease of maintenance and upgrade, support and vendor satisfaction, enterprise scalability, and integration. It received the third highest score for midsize/large organizations and large organizations in the Critical Capabilities for Financial Corporate Performance Management Solutions, and for midsize/large organizations in the Critical Capabilities for Strategic Corporate Performance Management Solutions.
Gartner evaluated 17 vendors on financial budgets and plans, complex financial budgets and plans, integrated financial planning, modeling, and analytics, and cloud capability. Gartner’s financial CPM research evaluated 10 vendors on medium complexity FCPM, complex FCPM, process analytics, and cloud capability.
“At Tagetik, we believe strategic and financial CPM are best addressed from a single unified solution. Because of the tremendous overlap of finance processes, a unified solution brings consistency, accuracy, visibility and accountability across all of these processes – even in the largest and most complex global companies,” said Dave Kasabian, Tagetik chief marketing officer.
According to Kasabian, Tagetik’s consistently high scores for complex financial budgets and plans, integration, and customer support and satisfaction, verify Tagetik’s fit for both midsized and large (including Tier 1) organizations. “We are also happy to see that we’re noted for offering customers both cloud and on-premise deployments, which is a benefit not offered by most of our competitors,” added Kasabian.
“We are proud of our ability to support large companies and complex use cases while maintaining very strong customer satisfaction,” said Manuel Vellutini, co-CEO of Tagetik. “In the last years, we’ve significantly grown our customer base. Our strong showing in these reports reinforces our reputation for providing a comprehensive solution capable of addressing the modern challenges of finance.”
“The breadth of corporate performance management (CPM) functionality addressed by our Finance Performance Platform, coupled with scalable cloud deployment, is what we call ‘the cloud without compromise,” said Co-CEO Marco Pierallini.
Both reports in their entirety are available on-line as are the previously released 2016 Magic Quadrant for Strategic Corporate Performance Management Solutions3 and Magic Quadrant for Financial Corporate Performance Management Solutions4.