The Financial Performance Management software market in focus
Performance management plays a crucial role in increasing the competitiveness of companies and is one of the central management tasks in the organization. The goal is to align the company’s strategy and goals with business processes in order to achieve the highest level of performance at strategic, tactical and operational levels. In recent years, the dynamics of markets and competition have increased rapidly and many companies are struggling to keep pace. In this context, the management and monitoring of financial results across the organization are becoming massively more important. Therefore, financial performance management (FPM) is key for many companies and focuses on streamlining financial management processes.
This BARC Score examines the market for FPM products and portfolios. Based on countless data points from various BARC surveys and many analyst interactions, vendors are rated on a variety of criteria, from portfolio capabilities and architecture to sales and marketing strategy, financial performance and customer feedback.
Two editions: Global and DACH
Once again this year, we have published two editions of BARC Score Financial Performance Management: one covers the global market and a localized version examines the market for FPM products and portfolios in the DACH region only (Germany, Austria and Switzerland).
Both the global and DACH reports are available in full to BARC+ subscribers, and can also be purchased as PDFs.
Vendors evaluated
| Vendor | Included in BARC Score FPM Global | Included in BARC Score FPM DACH |
| Anaplan | ✓ | ✓ |
| Board International | ✓ | ✓ |
| Corporate Planning | ✓ | |
| IBM | ✓ | ✓ |
| insightsoftware | ✓ | ✓ |
| Jedox | ✓ | ✓ |
| LucaNet | ✓ | ✓ |
| OneStream | ✓ | ✓ |
| Oracle | ✓ | ✓ |
| Planful | ✓ | |
| Prophix | ✓ | |
| SAP | ✓ | ✓ |
| Serviceware | ✓ | |
| Unit4 | ✓ | ✓ |
| Wolters Kluwer | ✓ | ✓ |
| Workday | ✓ | ✓ |
BARC SCORE: FINANCIAL PERFORMANCE MANAGEMENT
(Global and DACH region editions)
Authors: Christian Fuchs, Robert Tischler, Larissa Baier and Chris Neubauer
PDF report: €500
Published: March 30, 2023
Selection of vendors
There are two separate categories of inclusion criteria for this BARC Score: the first is associated with a vendor’s products and portfolios and the other is linked to the financial results relating to those products.
To be evaluated in this BARC Score, a vendor has to have a strong focus on providing FPM functionality (not only analytics functionality) and supply at least four out of five technologies from the following list in a solution not merely focused on one industry or use case:
- Financial planning
- Financial consolidation
- Reporting
- Analysis
- Operational planning and forecasting
In addition, a vendor has to generate a minimum of 25 million EUR in revenue per year (software revenue) with the evaluated product set in this BARC Score. The product set must have a significant number of implementations and license or subscription revenues in the DACH region (Germany, Austria and Switzerland) to qualify for the DACH edition, or worldwide across different geographies to be considered as global. We consider the following regions as individual geographies:
- Europe, Middle East and Africa
- North America
- Latin America
- Asia-Pacific
There is no differentiation between on-premises offerings and cloud-based product sets.
Download
The full reports BARC Score Financial Performance Management (Global) and BARC Score Financial Performance Management DACH are available to all BARC+ subscribers, or can be purchased as standalone PDF reports. Contact us to purchase.