Workday Adaptive Planning was named a leader in the latest Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions. According to the report, “Surveyed reference customers placed Workday Adaptive Planning in the highest quartile in seven of the nine key areas surveyed, including application governance, ease of implementation, ease of use and maintenance, solution flexibility, customer support, complex budgets and planning, and management reporting/analytics.”
The report asses 12 vendors in the financial planning and analysis market. These are: Anaplan, Board International, IBM, Jedox, OneStream Software, Oracle, Planful, Prophix, SAP, Vena Solutions, Wolters Kluwer (CCH Tagetik) and Workday. These vendors all support the following FP&A components:
- Financial budgeting and planning
- Integrated financial planning
- Financial forecasting and modeling
- Management and performance reporting
Some vendors also offer additional capabilities such as AI and extended planning and analysis (xP&A).