PALO ALTO, Calif., Jan. 26 /PRNewswire-FirstCall/ -- SAP AG (NYSE: SAP) today announced it has been positioned by Gartner Inc. in the leaders quadrant of the "Magic Quadrant for Corporate Performance Management (CPM) Suites"(1) report.
According to Gartner, "Leaders' performances excel in the CPM suite market segment. They can deliver breadth and depth of CPM suite functionality, as well as provide enterprisewide implementations to support a broad CPM strategy. Leaders successfully articulate a business proposition that resonates with buyers, and are supported by the viability and operational capability to deliver on a global basis."
SAP® BusinessObjects™ enterprise performance management (EPM) solutions offer companies increased levels of strategic alignment, making performance more predictable and helping them make more confident decisions. Optimized for both SAP and non-SAP environments across multiple lines of business – including finance, supply chain and procurement – the portfolio includes solutions for strategy management; planning, budgeting and forecasting; financial consolidation; and profitability and cost management. Most recently, the portfolio was enhanced by the announcement of the new SAP® BusinessObjects™ Sustainability Performance Management application. The solutions are also integrated with SAP BusinessObjects business intelligence (BI) solutions and SAP BusinessObjects governance, risk, and compliance (GRC) solutions to further help companies close the gap between strategy and execution.
"We believe our position in the Leaders quadrant in the Gartner Magic Quadrant for CPM Suites underlines the strength of our vision and the breadth of our portfolio," said Stephanie Buscemi, vice president of Marketing, Enterprise Performance Management and Governance, Risk, and Compliance, SAP AG. "We have sustained our strong momentum as we continue to gain new customers and increase the footprint of our products in our own user base. The latest release of our suite continues to prove our execution on our road map and further distinguishes us from our competitors. With the integration between EPM and GRC we have delivered a unique framework that creates enterprise-wide visibility, allowing organizations to proactively manage risk and ensure trusted information – all in the course of closing the gap between strategy and execution."
SAP offers a broad, deep set of EPM solutions covering the following areas: strategy management, planning, budgeting and forecasting, profitability and cost management, financial consolidation, XBRL, intercompany reconciliation, spend performance management, supply chain performance management and sustainability performance management. For additional information on SAP BusinessObjects EPM solutions, please visit www.sap.com/epm.
About the Magic Quadrant
The Magic Quadrant is copyrighted 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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(1) Gartner "Magic Quadrant for Corporate Performance Management (CPM) Suites" by Neil Chandler, Nigel Rayner, John E. Van Decker, Jan. 25, 2010
SOURCE SAP AG