About this Constellation ShortList
Corporate performance management (CPM) (also known as enterprise performance management or business performance management) is a class of software that helps companies with budgeting and forecasting, strategic and operational planning, workforce planning and optimization, and financial consolidation and reporting. The CPM category emerged in the ’80s and ’90s with on-premises software aimed at large enterprises. Cloud-based CPM systems have emerged over the last decade, initially adopted by small- and medium-sized organizations. Now, cloud-based CPM options are scaling up into enterprise deployments, and they are seeing double-digit annual sales gains.
This category refers to cloud-based CPM systems that support budgeting, planning, forecasting, modeling, analysis, reporting, financial consolidation and regulatory reporting. The cloud makes it possible to quickly deploy, configure and change these systems to support a broad base of users both within and beyond finance departments. CPM brings vital what-if analysis capabilities for dealing with rapid growth, fast-changing business conditions, or the development of new products/business models.
Since the last Cloud-Based Performance Management Constellation ShortList was published, Workday acquired Adaptive Insights (which was on our July 2018 list). Constellation believes Workday is committed to ensuring continuity in Adaptive Insight’s service and product development, but we will continue to monitor post-acquisition progress and customer satisfaction.
Constellation considers the following criteria for these solutions:
- Rapid deployment and configuration of multi-tenant services
- Agile budgeting, planning and forecasting capabilities
- Flexible modeling capabilities
- Rich data analysis and reporting tools
- Compliant consolidation and statutory reporting capabilities
- Modern, intuitive interfaces
The Constellation ShortList™
Constellation evaluates more than a dozen solutions categorized in this market. This Constellation ShortList is determined by client inquiries, partner conversations, customer references, vendor selection projects, market share and internal research.
- Adaptive Insights, a Workday company
- Host Analytics
Frequency of Evaluation
Each Constellation ShortList evaluation will be updated every 180 days as needed.
Constellation clients may work with the analyst and research team to conduct a more thorough discussion of this ShortList. Constellation can also provide guidance in vendor selection and contract negotiation.