Published: 10 May 2021
The market for cloud core financial management suites is growing strongly as finance organizations migrate from on-premises applications. Application leaders should study this report when assessing cloud solutions that could help them compete in rapidly evolving digital business environments.
The competitive environment for cloud core financial management suites has intensified since 2020 as more capabilities and features have been included in these offerings, such as financial accounting hubs, financial planning and analysis (FP&A), and artificial intelligence (AI) and machine learning (ML).
As solutions have become more comprehensive and robust, adoption has increased especially among service-centric organizations, but also among product-centric organizations.
Some scores have changed significantly since the 2020 edition of this Critical Capabilities report, due to changes in customer perceptions identified by Gartner’s interactions with clients.
Product functionality is the most important factor when evaluating cloud core financial management
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