“The Pulse of Performance Management 2017: The Next Generation of Solutions for Budgeting, Forecasting, Consolidation, Reporting, and Analytics”
What is significant about this survey is that it’s author and BPM Partners CEO, Craig Schiff, brings to that analysis his considerable experience and focus on analytic applications, BI, and BPM. BPM Partners emphasizes its role as a vendor-neutral advisory services firm that helps clients address their performance management challenges. To that end, their report carries with it a high level of credibility and objectivity.
With that in mind, it was particularly satisfying to see that PROPHIX received a solid ranking in this year’s report.
Not only did our solution receive even stronger feedback than any previous year, moving from PROPHIX from 8th to 5th in the overall ranking of vendors, but we also were the vendor with the largest increase in ranking year over year – something that was mentioned during the recent BPM Partners webinar announcing the findings.
Additional, the report pointed to PROPHIX’ particular strengths as including “ease of use, low total cost of ownership, powerful modeling, detailed salary planning, collaboration and ability to address ‘Beyond Finance’ requirements.”
This last point is important in that one of the key conclusions of the report is that “the next generation of performance management solutions needs to support initiatives that are company-wide…enables the successful execution of strategic, financial, and operational plans.” PROPHIX is well positioned to address that very need.
Lastly, given this report is based on input from earlier in the year, and knowing that since that time PROPHIX has continued to roll-out even more significant enhancements to our solution, we’re convinced we’ll be at the top of the list next years.