Gartner names CXO Software as a representative vendor for Corporate Financial Planning Applications

In the recently released ‘Market Guide for Corporate Financial Planning Applications’ Gartner names CXO Software as a representative vendor. In the market guide Gartner strongly recommends financial application leaders to evaluate a wide variety of corporate financial planning application vendors when their functional requirements are not met by other FP&A vendors.

We are proud and grateful to be included in Gartner’s ‘Market Guide for Corporate Financial Planning Applications,'” responded Wouter Born, CEO USA & CTO at CXO Software. “Many thanks to our customers consistently providing leading scores in Gartner’s Peer Reviews. We’ll continue to help FP&A professionals to overcome the limits of generic BI and Excel-based reporting processes with our financially intelligent connectors, integrated commentary and narrative functionality and strong reporting dashboards.

Market Analysis

In their Market Guide, Gartner finds that solutions for Corporate Financial Planning are shifting rapidly from mature on-premises offerings to cloud solutions. Even though on-premise options still exist, the majority of new sales are cloud based as finance application leaders seek SaaS solutions to reduce application support costs, increase application flexibility and shorten time to value.

CXO Software in the Cloud

Wouter Born acknowledges the trend that Gartner describes: “Recently, there has been a stronger acceptance of loading financial data in the cloud, but we’ve always looked at cloud adoption as just a matter of time. It’s the reason we’ve heavily invested in cloud-focused product development and will continue to do so in the future.”

World-class dashboards for organizations of any size

The financial reporting and analytics platform CXO Software offers already connects to a wide range of financial systems using native adapters. “Leveraging the Microsoft Azure Cloud Platform, our cloud application enables organizations of any size to rapidly build world-class executive dashboards. Also, Financial data can easily be consumed by our Data Warehouse Adapter or Azure Analysis Services Tabular In-memory technology.”

Find out more about the features our Financial Business Intelligent software has to offer in our company brochure!

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