About This Constellation ShortList™

Enterprise cloud finance applications provide the backbone of accounting, finance and treasury for organizations. These applications automate processes such as financial close cycles, regulatory requirements and cash management. The software supports the financial operations and delivers the core foundation for enterprise resource planning and back-office systems.

The move to the cloud enables financial apps to access unlimited compute power, improve integration across multiple data sources, and consume faster cycles of innovation and regulatory updates. While cloud finance apps today have not caught up to functional parity with legacy on-premises systems, buyers realize that these systems will do so over time and surpass on-premises systems in features in the long run.

One of the big shifts in the past 12 months has been the role of automation and artificial intelligence. Organizations seek the ability to get to zero FTE back- office organizations and autonomous processes. The goal is to determine when processes should be delivered with intelligent process automation, augmentation of machines with humans, augmentation of humans with machines, and human ingenuity and judgment.

Threshold Criteria

Constellation considers the following criteria for these solutions:

  • General ledger accounting
  • Accounts receivable
  • Accounts payable
  • Fixed asset accounting
  • Bank accounting
  • Funds management
  • Legal consolidation
  • Special purpose ledgers
  • Treasury
  • Travel management
  • Activity-based costing
  • Product cost costing
  • Profitability analysis
  • Internal orders
  • Cost element accounting
  • Cost center accounting
  • Profit center accounting
  • Intercompany transfers
  • Grant accounting
  • Reporting and analytics
  • Planning and budgeting
  • Security and compliance
  • Ai and automation capabilities

The Constellation ShortList™

Constellation evaluates more than 25 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.

  • Epicor
  • FinancialForce
  • Infor CloudSuite Financials and Supply Management 
  • Microsoft Dynamics 365
  • Oracle Financials Cloud
  • Oracle NetSuite
  • Sage Business Cloud
  • SAP S/4HANA Cloud
  • Workday

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.

Evaluation Services

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.

 

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