At Wipfli, we work with some of the most highly recommended applications for businesses. Whether it’s from highly satisfied customers or unbiased analysts, the products we implement and support are among the most powerful and user-friendly in the market. Today, we would like to share with you a new analyst report from IDC that identified different enterprise performance management solutions to provide buyers with a clear view of the best solutions for their needs.
About IDC MarketScape Reports
IDC MarketScape reports are vendor assessment tools for various products, providing in-depth quantitative and qualitative technology market assessments of vendors for a wide range of technology markets. This comprehensive assessment of market competitors, delivered in a full-length research report, and summarized in an easy-to-read graphical depiction, provides you with the critical information necessary to make your most important technology decisions.
These reports help both IT buyers and vendors to evaluate product capabilities and fit, providing buyers with information on each vendor’s products, services, and capabilities to make a confident technology investment while giving vendors competitive benchmarking information on areas for improvement.
Working in dozens of different market areas, IDC releases a variety of these reports, introducing a new report in 2018: Enterprise Performance Management Analytic Applications
About the IDC MarketScape for Enterprise Performance Management
The EPM Market has been around for a while, but in recent years, new vendors are appearing to handle the budgeting, planning, and forecasting needs of an expanding base of companies. Addressing the need for unbiased analysis on product capabilities and more, IDC announced a new MarketScape Report for these applications. 2018 marks the first EPM market evaluation from the company and takes a look at leading EPM software used for planning, budgeting, and forecasting and highlights quantitative and qualitative characteristics that explain success in the ecosystem.
The EPM Market
The EPM applications market consists of cross-industry applications whose main purpose is to measure, analyze, and optimize financial performance management, planning, forecasting, and certain risk management processes using prepackaged applications. To be included for consideration vendors needed to have a cloud offering, provide financial close and consolidation, offer a horizontal product, and have a sizeable presence in North America.
“Enterprise performance management has been around for a long time, but in many cases, business users have continued to use spreadsheets to circumvent the complexities of working with heavy, legacy EPM applications. Modern EPM is a game changer, putting insights at the hands of the business user and allowing enterprises to make better and more strategic decisions in a much timelier manner,” said Chandana Gopal, research manager, Analytics and Information Management at IDC.
IDC Corporate published their report IDC MarketScape: Worldwide Enterprise Performance Management Analytic Applications 2018 Vendor Assessment, where Host Analytics is named a Major Player.
Host Analytics Joins List of Major Players in MarketScape for Worldwide EPM Analytic Applications
Host Analytics is a Major Player in this IDC MarketScape for the EPM market, providing a purely cloud-based EPM platform that is primarily used by the finance line of business but can be extended to other business areas such as sales, human resources and marketing, and operations.
Host offers a modular product with components that customers can purchase based on their requirements. Its core offering is the Host Analytics EPM platform, atop which sits a suite of modules for financial planning and modeling, consolidation, reporting, and analytics.
Learn More about Host Analytics
For more information, including recommendations for buyers, a summary of other vendors, and additional research, click here. At Wipfli, we have recommended Host Analytics for our clients since 2013 and invite you to learn more about the powerful EPM tool by reading Finance’s EPM Playbook: Leveraging World Class Enterprise Performance Management and reading the resources below.