BARC Presents Two New Editions of the BARC Score

The 2022 editions of BARC Score Integrated Planning & Analytics and BARC Score Financial Performance Management are now available.

• BARC Scores provide an at-a-glance classification of relevant providers in the market.
• The market for integrated planning and analytics tools is converging.
• Providers of financial performance management software have expanded their portfolio capabilities since last year.

The analyst firm BARC has published two new BARC Scores. BARC Score Integrated Planning & Analytics assesses 14 vendors this year, while BARC Score Financial Performance Management compares 15 providers. There are two versions of each BARC Score: one that looks at the global market and one that focuses purely on the DACH region. All are available to BARC+ clients or for purchase here.

“Making well-founded decisions based on current forecasts and data analytics has become massively more important. Companies want to evaluate potential future developments more efficiently in scenarios and simulations, and the automation of processes is also in vogue. This requires the right software tool,” said Dr. Christian Fuchs, Senior Analyst Data & Analytics at BARC. “However, the search for a new and, above all, requirements-oriented software solution is not straightforward. Market dynamics and competition are increasing rapidly, which is causing problems for many organizations.”

“The aim of BARC Scores is to support companies in their software selection. Relevant software providers can be assessed at a glance,” explained Dr. Fuchs. “BARC Score Integrated Planning & Analytics is aimed at organizations that are looking for integrated solutions for planning, budgeting and forecasting, but also business intelligence (BI) and analytics capabilities. If a company is striving to increase its financial performance and efficiency, it should consult BARC Score Financial Performance Management. This report provides an overview of integrated solutions for financial planning, group consolidation and financial reporting.

The complete BARC Score documents contain a graphic overview of the market as well as detailed descriptions of the providers and their solution portfolios. A strengths/weaknesses analysis is also included, which companies can use to compare with their own requirements in order to make an informed decision.

BARC Score Integrated Planning & Analytics shows that the globally active providers are converging. The market continues to grow and demand from users is high. “We are also seeing that some providers are expanding their functions for analytics and BI while others are increasingly focusing on functions for operational application scenarios and planning processes,” said Dr. Fuchs.

This year’s editions of BARC Score Integrated Planning & Analytics include the following vendors:

For more information and the full software evaluation, visit barc.com/product/barc-score-integrated-planning-analytics/

The software market for financial performance management tools is also highly competitive, with a wide range of offerings.

In the market analysis, most of the providers examined are positioned in the “Challengers” segment, while four have established themselves as “Market Leaders” and offer a comprehensive portfolio for financial performance management. “This year, many providers have expanded their portfolio capabilities for financial performance management. Others have strengthened by acquiring solutions. Some vendors have grown significantly in the past year, which is reflected in a strong gain of new customers as well as significant revenue increases,” confirmed Dr. Fuchs.

The following providers are included in the 2022 editions of BARC Score Financial Performance Management:

For more information and the full software evaluation, visit barc.com/de/en/product/barc-score-financial-performance-management/