Gartner Research

Critical Capabilities for Financial Planning Software

Published: 19 December 2022


Financial planning software is evolving to support the increased demand for agile and continuous enterprisewide planning in a rapidly changing business environment. CFOs can use this research to evaluate planning software solutions, with a view to creating a shortlist that matches their needs.

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Key Findings
  • Finance teams are aiming for more efficient, sustainable and flexible planning that encourages a “total company” mindset, embraces innovation and improves alignment with changing priorities. Financial planning software vendors have responded by investing in cloud-based solutions with extendable architecture that supports integrated operational and financial planning.

  • Although CFOs identify configurable models, scenario modeling and an application that is intuitive and easy to use as key requirements when evaluating applications, capabilities within these areas are the least differentiated among vendors. Therefore, CFOs should place emphasis on capabilities such as an application’s ability to handle extensive datasets, large concurrent users, artificial

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  • Anaplan
  • Board
  • IBM
  • Jedox
  • Kepion
  • OneStream
  • Oracle
  • Planful
  • Prophix
  • SAP
  • Syntellis
  • Vena
  • Wolters Kluwer
  • Workday
  • Configurable Models
  • Scenario Modeling
  • Data Integration
  • Advanced Analytics
  • Capacity
  • Workflow Automation
  • User Experience/Governance
  • Implementation Strategy
  • Efficiency
  • Improved Operational Visibility and Management
  • Complex Business Environment

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Critical Capabilities: A deeper look into provider offerings

How does a Critical Capabilities report work?

As a companion to the Magic Quadrant™, a Critical Capabilities report scores competing products and services against a set of meaningful differentiators. It reveals which options are the best fit in various use cases to help you focus on the vendors best suited to your needs.

A Critical Capabilities report is more than just a diagram. You also get:

Sharper focus

Narrow down the product and service criteria most important to you.

Individualized use cases

Use interactive features to customize usage scenarios based on your organization’s unique needs.

Faster decision making

Use data to speed up provider selection and accelerate the procurement process.

A Gartner Critical Capabilities report is just one of our many offerings.

We provide actionable, objective insight to help organizations make smarter, faster technology decisions to stay ahead of disruption and accelerate growth.

Pick the right provider with confidence

We use a Critical Capabilities report, the Magic Quadrant and more to ensure you select the best-fit provider to avoid the costly repercussions of a poor decision.

Align deal structures and optimize spend

We benchmark pricing against the market so you avoid unnecessary charges.

Reduce complexity and risk

We analyze contract terms and conditions to protect you against future price increases and unanticipated costs.

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