The Top 10 Enterprise Performance Management Platforms
By the time we get to 2025, the global EPM market will be valued at $4.8 billion – compared to $4.2 billion in 2020.
Among the EPM landscape, the top 10 platforms hold a 79.4% hold on the market, with the market growing 7.7% throughout 2020.
So let’s take a closer look at which companies take up the top 10 spots.
Top 10 EPM platforms
Recently, Oracle added Enterprise Journals that hold automation capabilities that are designed to ease management of journals. These collect analyses of transactions and business events to Oracle Fusion EPM. This is going to help organizations that move journals from their EPM applications to their ERP systems manually, which increases the risk of errors leading to poor and inaccurate forecasts. Around 5,000 companies have standardized using Oracle EPM Cloud.
SAP Analytics Cloud is available for free to its customers, which can have access to broader features such as Planning for Enterprise Performance Management with paid plans. As such, SAP adds value to its enterprise applications through useful tools such as SAC that is growing with greater use from SAP data.
Back in 2020, IBM bought the AI-based offerings of WDG to help streamline business workflows and IT functions through process automation. Then, in mid-May 2021, IBM launched its first release of the new version of its Cognos Analytics BI software suite, Version 11.2. In the new version, IBM aimed to focus on AI more and data science to support users more effectively when using Cognos Analytics.
Anaplan launched a new framework, PlanIQ, in 2020 which integrates machine learning from Amazon’s predictive algorithms. The machine learning-based solution connects advanced intelligence and data analytics to deliver clearer results and create better forecasts. The EPM platform has almost 200 partners and more than 1,700 customers around the world. Among its more recently captured customers include Anheuser-Busch Inbev, American Airlines, Amer Sports… and they’re just the businesses beginning with A.
OneStream raised $200 million last year in primary equity. Through the funding, it valued the EPM platform at $6 billion. The company had 85% growth in recurring revenue during 2020 as well as 48% y-o-y growth in its customer base. This translated into 750 more customers, which include the likes of Dr. Martens, Sherwin-Williams, Curtiss-Wright, Nordson, Omni Hotels & Resorts, Pendragon, and The Toro Company.
Recently development of Workday includes embedded new machine learning as well as predictive forecasting of the analytics engine Adaptive Planning. Its customer base is broad, with more than 5,500 organizations integrating and using Workday Adaptive Planning for their everyday work life, stretching across 120 countries.
In 2020, insightsoftware went on a spending spree. They acquired Certent, Event1, IDL Group, Longview Solutions, Mekko Graphics, and Viareport. In doing so, they molded a powerful fortress of financial planning and analysis. Last year, it added Exago and CALUMO to its stack, which brought with them more than 20,000 customers and 500,000 users.
With a mixture of modern AI business tools and financial performance capabilities, Infor Dynamic Enterprise Performance Management holds strong functionality within one platform that supports around 4,500 customers around the world. Also known as Infor d/EPM, the platform combines strategy, planning, and insights with visibility across vital processes.
More than 900 customers call Planful their home in terms of enterprise performance management. With its partnership with Microsoft, Planful’s FP&A platform is integrated into Microsoft Dynamics 365 and Business Central. Core customers of Planful include 23andMe, Boston Red Sox, Del Monte, and TGI Friday’s, who leverage the EPM platform to quicken its cycle times, boost productivity, and strengthen accuracy across the FP&A (financial planning & analysis) process.
Workiva made a purchase of OneCloud back in 2021, transforming the platform into a service software. Then Workiva added AuditNet to its platform to enhance its offerings for its global audit community. The EPM platform has at its core 3,500 customers, with 75% of Fortune 500 companies relying on Workiva to automate reporting requirements. Its customers include the likes of American Enterprise Group, Casey’s General Stores, JLL Income Property Trust, New York Life Insurance Company, and Upland Software.
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