Finance
Wolters Kluwer recognized a Leader in the 2023 Gartner® Magic Quadrant™ for Financial Planning Software
Gartner evaluated 16 financial planning solution providers based on their Ability to Execute and Completeness of Vision and placed, once again, Wolters Kluwer in the Leaders Quadrant.
The Wolters Kluwer expert solution, CCH Tagetik Budgeting, Planning, and Forecasting, is an AI-based software that provides global companies with strategic, financial, and operational planning, including supply chain, workforce, and capital expenses.
Financial planning software facilitates FP&A transformation and covers planning, budgeting, forecasting, modeling, performance reporting and agile insights. FP&A leaders can use this research to assess vendors best suited to offer technology solutions for their FP&A processes.
This Magic Quadrant evaluates vendors that have met Gartner’s criteria for the financial planning software market. FP&A leaders and their staff responsible for driving improvements in their financial planning processes should use this research as part of their market evaluation.
About CCH Tagetik budgeting, planning, and forecasting software
Our mission is to enable customers to plan more accurately, more often, and more in-depth. In addition to our AI-based budgeting, planning, and forecasting software, we offer best-in-class extended planning via CCH Tagetik Supply Chain Planning and CCH Tagetik Integrated Business Planning.
About the 2023 Gartner® Magic Quadrant™ for Financial Planning
Gartner Inc. is a US based research and advisory firm. Every year, they publish the Magic Quadrant. According to Gartner, “A Gartner Magic Quadrant is a culmination of research in a specific market, giving you a wide-angle view of the relative positions of the market's competitors. By applying a graphical treatment and a uniform set of evaluation criteria, a Magic Quadrant helps you quickly ascertain how well technology providers are executing their stated visions and how well they are performing against Gartner's market view.”
The Magic Quadrant places technology providers into a quadrant based on a series of criteria. The positions these providers can assume are described by Gartner as follows:
- Leaders: execute well against their current vision and are well positioned for tomorrow.
- Visionaries: understand where the market is going or have a vision for changing market rules, but do not yet execute well.
- Niche Players: focus successfully on a small segment or are unfocused and do not out-innovate or outperform others.
- Challengers: execute well today or may dominate a large segment, but do not demonstrate an understanding of market direction.
*Gartner® does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
** 2023 Gartner® Magic Quadrant™ for Magic Quadrant for Financial Planning Software, 05 December 2023, Regina Crowder, Matthew Mowrey, Vaughan Archer, 5th December, 2023.
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