Prophix Software Positioned as a Visionary in Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions

August 3, 2018

Prophix believes that significant levels of cloud growth and expanded global partnerships support Visionary position

MISSISSAUGA, ONTARIO – Prophix Software, a global provider of Corporate Performance Management (CPM) software, announced today that Gartner Inc. has positioned Prophix as a Visionary in its 2018 Magic Quadrant for Cloud Financial Planning and Analysis Solutions. Vendors were evaluated for completeness of vision and ability to execute.

The Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions report states [1],

“Financial planning and analysis solution support the office of finance’s efforts to manage financial planning and budgeting as well as financial modeling and performance reporting.”

The report states that “Gartner emphasizes the most impactful market factors when considering vendors’ scores. This Magic Quadrant stresses capabilities related to the four primary aspects of this market’s evolution. These are:

Ease of use, maintenance and solution flexibility
Platform
Integration
Analytics and decision support”

“To us, being named a Visionary reinforces that our strategic direction is on track for continued growth,” said Alok Ajmera, President & COO of Prophix Software. “With a strong focus on customer excellence and a flexible cloud solution, Prophix represents the future of FP&A software.”

The 2018 Magic Quadrant for Cloud Financial Planning and Analysis Solutions evaluated 16 different software vendors. To be eligible for inclusion in this Magic Quadrant, vendors had to meet specific product capabilities, market presence, and vendor viability criteria.

For a copy of the full report, compliments of Prophix, please click here.

[1] Gartner, “Magic Quadrant for Cloud Financial Planning and Analysis Solutions,” by Christopher Iervolino and John E. Van Decker, July 24, 2018.”

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