The Hackett Group

New Enterprise Performance Management Software Provider Study Finds Modern Cloud-Based Software Delivers Far Greater Value Realization Than Legacy Systems

Today’s modern, cloud-based enterprise performance management (EPM) software delivers dramatically greater value realization than legacy solutions, according to new EPM Digital World Class Matrix research from The Hackett Group, Inc. (NASDAQ: HCKT). The research found that customer requirements are one factor driving vendor innovation, and integration of artificial intelligence (AI) is a clear focus of leading software providers in their efforts to deliver productivity improvements and greater insight.

The EPM Digital World Class Matrix research provides comprehensive analysis of 12 leading EPM software providers and their individual ability to deliver value. It also offers insights on key benchmarking metrics and return on investment measures for finance leaders looking to shape the future of the autonomous enterprise.

The research from The Hackett Group found that two of the software providers – OneStream and Oracle – achieved Digital World Class status in all three areas that were analyzed – integrated EPM and two subsets – close and external reporting, and planning and forecasting. One additional vendor – Anaplan – achieved Digital World Class status in the planning and forecasting ratings.

Other integrated EPM rankings were as follows. Four software providers were classified as “Challengers”: Board International, SAP, Vena and Workday. In addition, two software providers were classified as “Emerging”: insightsoftware and Planful.

In the Digital World Class Matrix ranking of planning and forecasting EPM software providers, six software providers were classified as “Challengers”: Acterys, Board International, Planful, SAP, Vena and Workday. Just one software provider was classified as “Emerging” – insightsoftware.

Finally, in the Digital World Class Matrix ranking of close and external reporting EPM software providers, six software providers were classified as “Challengers”: BlackLine, Board International, SAP, Trintech, Vena and Workday. Two software providers were classified as “Emerging”: insightsoftware and Planful.

The research quantified the improved value realization for Digital World Class software providers, including:

• 55% more time analyzing information versus compiling data
• 3X better forecast accuracy
• $48 million annual cost advantage (for a typical $10 billion company)
• Far greater customer satisfaction, with 94% of companies satisfied to extremely satisfied with their deployments

The Hackett Group research study was conducted over six months, with evaluations focused on 28 key scoring criteria, business process capabilities and value drivers. The key objective was to provide organizations with an overview of the diverse solutions landscape and empower them to make informed decisions tailored to their unique business needs.