It covers core financial management suites that provide a view of an enterprise’s financial position through automation and process support for any activity that has a financial impact. According to Gartner’s definition, core financial management suites include:
• The functional areas of general ledger (GL), accounts payable (AP), accounts receivable (AR), fixed assets (FA), project accounting, project costing and project billing.
• Financial analytics and reporting capabilities
• Basic indirect purchasing functionality.
This market focuses solely on core financial management suites that are marketed and sold on a stand-alone basis and delivered as cloud services. It does not cover vendors that sell only a broader ERP suite that includes core financial management applications.