Adaptive Insights sets the bar high as the only CPM solution to improve it’s standing in the Leader Quadrant of the Gartner Magic Quadrant review 2017.
The writing was on the wall for on-premises CPM solutions in 2016. Adaptive Insights stormed into the Gartner’s Magic Quadrant as the first ever cloud-only Strategic Corporate Performance Management (SCPM) provider to feature in their Leader Quadrant.
Just one year on and Gartner have seen the way the wind is blowing. They have dropped on-premises solutions entirely, choosing instead to only include cloud-based solutions. With this, not only are Gartner recognising the seismic shift in the industry, but also in the changing needs of users.
Heads in the clouds
The 2017 Gartner report hit our inboxes on Friday and Adaptive Insights have smashed it once again. Not only have they held their own in the Leader’s quadrant, but they are the only provider to have improved on last year scoring highly in Ability to Execute. The report also contains a few surprises, SAP don’t appear at all and IBM have dropped out of the Leader Quadrant. It’s no wonder the Formulate team are on cloud 9!
Of course, this will come as no surprise to our customers, who already know that Formulate deliver top quality forecasting cloud-based solutions through Adaptive Insights. It is the only CPM software built entirely in and for the cloud and, just between you and us, that’s why we’re now leading the pack in the cloud revolution.
“We are not at all surprised to see Adaptive Insights in the Leader quadrant again.” said Steve Hambling, Formulate’s CEO “Since Gartner reviewed it there have been two software updates. We know we can surpass even the current excellent report evaluation, especially when combined with our business and solution expertise.”
The Gartner Report is full of high praise for Adaptive Insights, referencing their high customer satisfaction ratings, sales execution and cloud experience. Customers choose the service because it is easy to use and quick and inexpensive to implement.
A new breed
On-premises solutions are hulking dinosaurs next to Adaptive Insights agile physique. The cloud removes the need for costly hardware purchases, its on-demand nature makes upgrading or changing services a simple process and there’s no need for teams of IT people to manage software and security updates or backups. This technology reduces timescales and keeps costs down, freeing organisations to put their money where it matters - into a solution that works for them.
Combining Formulate’s considerable experience in financial systems and accounting with Adaptive Insight’s world-leading software we can offer our clients financial forecasting solutions tailored to their needs. All of which is borne out by the positive feedback we receive from our clients.
“Adaptive is a great solution. It’s meant we can produce forecasts in days, and when our project timelines move we can see how that affects our cashflow immediately.” Peter Fredericks Financial Director of Formaplex
Shoot for the sky
With 3,500 active customers and 650 business outside of the US, Adaptive Insights is proving itself to be a reliable, cost-effective solution for organisations around the globe. On the Gartner Peer Insights review site, Adaptive Insights scores an impressive of 4.7 out of five.
“Simply one of the best solutions I've used for FP&A. It is agile and powerful...” – Gartner Peer Insights reviewer, Financial Analyst.
Formulate are proud of the recognition that Adaptive Insights have received in this latest Gartner report and we know that we can deliver even better results to our clients.
To discover how Formulate and Adaptive Insights can help your business take financial forecasting into the cloud, get in touch.