On October 6, 2020 Gartner released their 2020 Magic Quadrant for Cloud Financial Planning and Analysis Solutions. Gartner outlined that the 2020 MQ covered solutions which support the office of finance’s efforts to manage financial planning, budgeting, modeling and performance reporting.
Gartner’s evaluation in the Cloud FP&A report was based on SAP’s ability to execute and completeness of vision. SAP was named a Visionary.
SAP is a Visionary in this Magic Quadrant.
SAP Analytics Cloud, built on the SAP Cloud platform, combines BI, augmented and predictive analytics, and planning in one product. It supports financial planning, budgeting and forecasting, as well as analytics and reporting. Its Value Driver Tree functionality enables users to simulate, plan and visualize the impact of key drivers and assumptions. SAP Analytics Cloud planning customers are globally diversified and tend to be large and complex.
SAP Analytics Cloud has predictive planning capabilities that use AI as part of its SMART Predict feature. Additionally, there is a robust roadmap for predictive planning that includes ongoing user experience improvements.
Scores from SAP’s reference customers have improved significantly since the previous Magic Quadrant. Reference customers identified the combination of planning capabilities and powerful analytics on a single platform as a key reason for choosing SAP’s software.
For customers running SAP S/4HANA ERP or SAP Business Planning and Consolidation, SAP Analytics Cloud planning is directly integrated, thus reducing the need to move data required for planning into separate solutions. This points to the recent trend that Gartner has noted for FP&A software to act as a lens through which to view core financial data.
SAP Analytics Cloud planning customers are dispersed widely in all regions of the world. The largest percentage of customers is in EMEA, but SAP also has a significant number of customers in Latin America and Asia/Pacific. SAP has a strong partner network in all regions of the world and has developed more than 80 industry-specific or line-of-business templates for its solution.
