inlumi is honoured to have all three of its main vendor partners selected by Gartner as visionaries and leaders in no less than two Magic Quadrants: the Magic Quadrant for Cloud Financial Close Solutions and the Magic Quadrant for Cloud Financial Planning and Analysis Solutions. In both Magic Quadrants, Oracle is a leader, and CCH Tagetik and OneStream Software are visionaries.
The Gartner Magic Quadrants are guidelines for organisations to determine which vendor solutions are a good match for them. Using extensive data analysis, Gartner provides insights into the latest trends and the leading and upcoming vendors in the market today.
Leaders are defined as those vendors which “provide mature offerings that meeting market demand and demonstrated the vision necessary to sustain their marketing position as requirements evolve.” Leaders are notable for their ability to guide the overall market and determine its direction.
Visionaries are vendors which are growing and introduce new technology, services and business models.
Gartner had the following to say about inlumi’s vendor partners:
Regarding their status in the Magic Quadrant for Cloud Financial Close Solutions:
- Oracle (Leader): “Oracle has many large customers, a global reach, a large implementation partner ecosystem and a large service organization, with broad business domain and industry coverage. Oracle is able to exploit these attributes to increase the market penetration of its cloud financial close products.”
- CCH Tagetik (Visionary): “CCH Tagetik has consistently demonstrated its ability to satisfy the needs of large, complex organizations for financial consolidation, intercompany reconciliation, disclosure management, and reporting.”
- OneStream Software (Visionary): “OneStream Software is growing rapidly and has a strong mind share among finance professionals. It is also good at targeting large organizations that are struggling with complex legacy on-premises financial consolidation implementations.”
For their status in the Magic Quadrant for Cloud Financial Planning and Analysis Solutions:
- Oracle (Leader): “Oracle is a Leader in this market, due to its market traction with PBCS and EPBCS, its geographic, sales and product strategy, and its business model.”
- CCH Tagetik (Visionary): “CCH Tagetik is a Visionary in this market due to its increased Ability to Execute, enabled by Wolters Kluwer, and its ability to support complex use cases.”
- OneStream Software (Visionary): “OneStream is a Visionary in this market. Its scores for Ability to Execute reflect its product and high customer satisfaction ratings. As its cloud products continue to develop and deployments increase globally, its scores have potential for improvement.”
Read the full reports here: