About this Constellation ShortList™
Cloud-based planning platforms help companies with budgeting and forecasting, strategic and operational planning, workforce planning and optimization, and financial reporting. The category emerged in the ’80s and ’90s as on-premises “performance management” software aimed at large enterprises. Cloud-based planning platforms have emerged over the last decade, initially adopted by small- and medium- sized organizations. Now, cloud-based platforms are scaling up into enterprise deployments, and they are seeing double-digit annual sales gains.
This category refers to cloud-based planning platforms that support budgeting, planning, forecasting, modeling, analysis and 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. Planning platforms bring vital what-if analysis capabilities for dealing with rapid growth, fast-changing business conditions or the development of new products/business models.
The list of vendors included on this list remains unchanged from the Q3 2019 update. Previously listed Host Analytics changed its name to Planful in January 2020.
Constellation considers the following criteria for these solutions:
- Rapid deployment and configuration of multitenant services
- Agile budgeting, planning and forecasting capabilities
- Flexible modeling capabilities
- Support for operational planning in areas such as sales and human resources
- Rich data analysis and reporting tools
- Modern, intuitive interfaces
The Constellation ShortList™
Constellation evaluates over a dozen solutions categorized in this market. The Constellation ShortList is determined by client inquiries, partner conversations, customer references, vendor selection projects, market share and internal research.
- Adaptive Insights, a Workday company
- Planful (formerly Host Analytics)
Frequency of Evaluation
Each Constellation ShortList will be updated at least once per year. There could be an update after six months, should the analyst deem it necessary.
Constellation clients can work with the analyst and research team to conduct a more thorough discussion of this Constellation ShortList. Constellation can also provide guidance in vendor selection and contract negotiation.