An acquisitive Business Objects leaps into "Top Three" in CPM ranking

Business Objects commands an 8.9-percent 2006 worldwide market share based on total software revenue.

08/27/2007


Stamford, Conn.-based Gartner ranks Business Objects as one of the top three vendors globally, and largest best-of-breed provider of corporate performance management (CPM) software as a result of its combined acquisitions in H2 2006 and 2007. Gartner reports the market for CPM suites software increased 20.2 percent to $1.55 billion in 2006, "driven by an increased need for financial reporting accuracy and compliance."
In the August 2007 report, Market Share: CPM Suites Software, Worldwide 2006, Composite View , Business Objects commanded an 8.9-percent 2006 worldwide market share based on total software revenue following its acquisitions of CPM specialists Cartesis and ALG Software.
"We believe this leadership position in the EPM market is proof we are delivering the most comprehensive integrated EPM [enterprise performance management] suite of capabilities for the office of the CFO," says Trevor Walker, a Business Objects VP. "We recently demonstrated this to the market, and to our customers, by delivering our EPM road map to leverage the integrated technologies and domain expertise of Business Objects, Cartesis, ALG, and SRC, providing tangible customer value that will continue to differentiate us in this evolving market."
Using an Integrated Data Model (IDM) as the cornerstone for organizations looking to achieve maximum benefits from performance management applications, the Business Objects EPM suite ensures data accuracy and consistency. While ERP systems are equipped to handle transactional data resources, they remain costly and inflexible, unable to fully meet today's changing performance management needs. This is why Business Objects designed the EPM suite as flexible, wholly independent best of breed solution. According to Gartner's report, "budgeting, planning and forecasting applications are still the most commonly deployed components of CPM suites, but scorecards and dashboards have become more popular, driven by more strategically focused initiatives." By delivering a single integrated EPM solution to provide a clear view of key performance drivers over a range of otherwise disparate systems, Business Objects provides organizations a clear view into all the essential processes affecting business performance.
"Our global customers consistently emphasize our combination of domain expertise and best-in-class functionality as the key reason they selected Business Objects to fulfill their performance management needs," says Walker. "Our comprehensive EPM solution helps to deliver greater forecast accuracy, lower cost compliance, faster reporting cycles and a better understanding of business costs and drivers for our customers."





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Additive manufacturing advancements; Machine vision enhances robotics; Fieldbus evolution; Process safety; Advice from System Integrators of the Year; Road to IANA
Salary and career survey: Benchmarks and advice; Designing controls; Remote data collection, historians; Control valve advances; Hannover Messe; Control Engineering International
System integration: Best practices and technologies to help; Virtualization virtues; Cyber security advice; Motor system efficiency, savings; Product exclusives; Road to Hannover
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
PLCs, robots, and the quest for a single controller; how OEE is key to automation solutions.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
Digital oilfields: Integrated HMI/SCADA systems enable smarter data acquisition; Real-world impact of simulation; Electric actuator technology prospers in production fields
click me