With BARC Score Financial Performance Management DACH, you can compare 14 vendors at a glance and see how their portfolios rank in this competitive market segment.
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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.
Performance management is a set of management processes that help organizations control, monitor and improve the effectiveness and efficiency of their performance:
The software market for financial performance management solutions is highly competitive. In addition to a few global software generalists, there are many specialized software vendors offering solutions.
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:
To appear in the DACH edition, the vendor has to generate a minimum of 25 million EUR in license revenue per year with a significant number of implementations and license or subscription revenues in the DACH region (Germany, Austria and Switzerland).
There is no differentiation between on-premises offerings and cloud-based product sets.
Software providers are evaluated on two dimensions, ‘Portfolio Capabilities’ and ‘Market Execution’, each representing an axis on the chart.
In addition to BARC’s analyst opinion, user experience also plays an important role.
For our Scores in the areas of BI, analytics and business planning, we draw on the world’s largest surveys for BI & analytics and planning software, the BI & Analytics Survey and the Planning Survey, which ask companies each year about their satisfaction with software vendors and solutions.
Detailed analyst knowledge and comprehensive survey results are summarized in the BARC Score report and chart. The chart provides a clear view of each vendor’s market position and portfolio.