Just two short years ago, forecasting was more of a buzzword than an essential component to performance management. Back in 2010, the Big Fat Finance Blog covered the high ground of forecasting and how every department within a company needs an estimate of what the future looks like to build their organizational plans. Fast forward to today, and forecasting and planning has leaped to the forefront of essentials for midmarket organizations.
For the seventh consecutive year, SAP has been positioned as a leader in Gartners Magic Quadrant for Corporate Performance Management Suites. The goal of this Gartner Magic Quadrant is to present a global view of the main vendors that offer broad corporate performance management (CPM) suites that should be considered by organizations seeking to implement a CPM strategy.
According to Gartner, "Leaders possess a large percentage of the market share in the CPM suite market and demonstrate superior CPM sales levels. They can deliver breadth and depth of CPM suite functionality, as well as provide enterprise-wide implementations to support a broad CPM strategy. Leaders excel at vision, successfully articulate a business proposition that resonates with buyers, are well-recognized in the space, have broad international presence in execution, and are supported by the viability and operational capability to deliver on a global basis."
Why are midmarket organizations in search of more accurate and timely information? Its simple. Decisions makers need the right data, at the right time, to make the most impactful decisions for their business. Midsize organizations in particular are looking for cost-effective ways to manage and harness their data to gain a competitive advantage.
SAP announced a number of enterprise performance management (EPM) innovations in 2012. There are many benefits to implenting SAP EPM solutions:
- Better decision making based on what-if analysis and scenario planning
- Increase collaboration for improved accountability and planning accuracy
- Reduce cycle time, close the books faster, and align plans with strategic goals
- Minimize risk by meeting statutory and management reporting requirements
- Plan better and act faster with instant insight into all relevant data and real-time planning capabilities powered by SAP HANA
This solution is also available in a version for the Microsoft Platform and a version for SAP NetWeaver. Read the SAP solution brief on SAP Planning and Consolidation, "Streamlined Planning and a Faster, More Compliant Close", for more information about steering your company to a more sophisticated planning and forecasting vehicleand Bramasol has the solution. SAP BusinessObjects Planning & Consolidation is changing the game for the midmarket.