WALLDORF, Germany, Oct. 7, 2013 /PRNewswire/ -- SAP AG (NYSE: SAP) today announced it has been named a leader in enterprise performance management (EPM) by three leading analyst firms. SAP® solutions for EPM were named a leader in the Forrester Research, Inc., report, "The Forrester Wave™: Financial Performance Management, Q3 2013" and Nucleus Research's "Technology Value Matrix for Corporate Performance Management (CPM)." Additionally, for the third consecutive year, SAP was ranked as top "Hot Vendor" in Ventana Research's "Value Index for Financial Performance Management."
Forrester ranked SAP a Leader in the latest Forrester Wave for Financial Performance Management, Q3 2013, with the highest rating among all vendors in the "Market Presence" category of the report. The evaluation is based on an extensive list of criteria, including usability, flexibility, mobility and social, as well as customer success and elements pertaining to current offering strategy, market presence, pricing transparency and customer experience.
In the inaugural Nucleus report, customers using SAP solutions for EPM said they were satisfied with the solution capabilities in core CPM areas as well as strategic capabilities ranging from profitability to business planning to strategy management. Nucleus also highlighted the breadth of pre-delivered content, integration with enterprise applications and use of emerging technologies such as mobile, cloud and in-memory computing in the SAP solutions.
In the Ventana Research Value Index for Financial Performance Management, SAP is cited for its integrated capabilities, enablement of automation for routine tasks, insight and forward-looking analytics as well as mobile capabilities.
"The 2013 FPM Value Index does a thorough investigation of the financial performance management software that vendors offer to help companies plan, budget, forecast, model, perform statutory consolidations, handle disclosure management, execute management reporting/analysis and conduct profitability analysis. All companies, regardless of size or industry, that are looking for financial performance management software would benefit from the Value Index," said Robert Kugel, senior vice president and research director, Office of Finance at Ventana Research. "As the top hot vendor in our 2013 rankings, SAP has exhibited strong capabilities in all areas of product competencies and customer assurance, including total cost of ownership and return on investment, and validation."
SAP solutions for EPM help organizations improve financial planning and analysis and accelerate the financial close to disclose. The solutions enable users to:
- Elevate performance from high-level objectives to operational metrics
- Accelerate and improve planning, budgeting and forecasting
- Automate processes for quicker, more accurate financial reporting and disclosures
- Improve decision-making to drive profitability and fuel growth
- Transform performance management processes leveraging mobile devices and in-memory computing
- Get up and running faster with industry and line-of-business best practices content
At the upcoming SAP Enterprise Performance Management Conference 2013, being held November 5-6 in Dallas, Texas, attendees will hear from SAP customers and partners about how and why EPM solutions from SAP help increase organizational alignment and agility, improve decision-making that drives profitability and foster a faster, more reliable close to disclose process. In addition, attendees will gain insight into the latest updates, road maps and news from SAP experts.
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SOURCE SAP AG