Top 10 Budgeting and Forecasting Solution Providers 2017

The budgeting and forecasting process plays an important role in the growth of an organization. With enterprises seeking to expand their operations, and business data constantly flowing in, the importance of an inclusive strategy to prepare budgets on the basis of forecasts is accentuated further. In the backdrop of growing resources and needs, it is an arduous task to perform budgeting and forecasting manually.

Fortunately, software developers and vendors realize the pressure and challenges finance executives face with regard to preparing the budgets, following which the market has seen a steady inflow of software products with Business Intelligence (BI) functionalities that automate a significant number of processes. The integration of BI offers enhanced visibility and forecasting features by means of drill down capabilities, which simplify the generation of a wide range of reports. Corporate Performance Management features in the form of insights into return on investment, key performance indicators, and overheads, are being incorporated into budgeting software. These developments have prompted the enterprise CFOs to take cognizance of the budgeting and forecasting software companies.

In order to help the CFOs select the best solution provider, a distinguished panel comprising CEOs, CIOs, analysts and the CFO Tech Outlook editorial board, has evaluated companies with an impressive track record in assisting enterprises with budgeting and forecasting processes. The panel has assessed the BI functionalities, ease of deployment, and generation of reports among several capabilities to catalog the finalists.

In this edition of CFO Tech Outlook, we present to you the Top 10 Budgeting and Forecasting Solutions Providers 2017.

Company Logo Company Name Company Description
Adaptive Insights Enables businesses to plan and model, easily access real-time analytics, streamline complex financial reporting, and accelerate financial consolidation
Canopach Primarily focused on financial systems and services, Canopach’s consultants have extensive depth and breadth in financial transformation projects that enable pragmatic implementation perspective that goes beyond tactical software
ForecastEra Provides custom solutions that enable organizational transformation by seamlessly connecting information across sales, finance, HR and operations
METAVERO Provides clients with a unique, cross-functional skillset bridging finance and IT to maximize end-to-end process improvements
OneStream Software Provides a unified CPM platform which enables enterprises to simplify financial consolidation, reporting, budgeting and forecasting
OpenGov Delivers government performance solutions, including streamlined budgeting through the Smart Government Platform
Prophix Software Prophix offers software that automates critical financial processes such as budgeting, planning, consolidation, and reporting
Solver BI360 makes budgeting and forecasting an easy task through a web-based portal with customizable modules and coherent reporting
Tagetik Assits in financial and operational planning and comparing full financial statement impact of business scenarios
Tidemark Tidemark leads the advancement of modern business planning with cloud- and mobile-first planning, forecasting and budgeting solutions