Evaluation Based on Completeness of Vision and Ability to Execute
PALO ALTO, Calif. and WALLDORF, Germany — Business Objects, an SAP company (NYSE: SAP) and the world’s leading provider of solutions that optimize business performance, today announced it has been positioned by Gartner, Inc. in the leaders quadrant of the “Magic Quadrant for Corporate Performance Management (CPM) Suites”1 report.
According to Gartner, “Leaders’ performances excel in the CPM suite market segment. They can deliver breadth and depth of CPM suite functionality, as well as provide enterprisewide implementations to support a broad CPM strategy. Leaders successfully articulate a business proposition that resonates with buyers, and are supported by the viability and operational capability to deliver on a global basis.”
Given the current economic climate, Business Objects believes that it is critical for organizations to have a comprehensive enterprise performance management (EPM) strategy that goes beyond finance and optimizes operational performance in all areas of the business. With its portfolio of EPM solutions, Business Objects provides customers with performance management capabilities that span the entire organization, giving them a holistic view of their business performance and the ability to quickly identify and address financial and operational challenges. The EPM portfolio from SAP and Business Objects enables profitable and compliant business performance.
In addition, Business Objects has an integrated solution that allows companies to define their business strategy while taking into account both external and internal risk factors. By combining the SAP® Strategy Management application with the SAP® GRC Risk Management application, Business Objects gives customers a way to enact a risk-adjusted approach to strategy. Particularly important given the current economy, companies can create their business plans while proactively addressing any risks that might inhibit their success, all as part of their daily business operations.
“We believe our leadership position in the Gartner Magic Quadrant for CPM Suites is a result of the synergies being achieved between SAP and Business Objects,” said Anthony Reynolds, general manager, Enterprise Performance Management Solutions, Business Objects. “Since 2007, we have grown tremendously-growing more quickly than other EPM vendors. One of the cornerstones of our success, as well as a key differentiator, has been our vision for the convergence of EPM, GRC and BI. We understand that in order to respond quickly and effectively to changing business conditions, customers need a unified approach that includes all three business disciplines. Business Objects sees this report as a strong validation of our enterprise performance management vision and strategy, which has been developed in alignment with our customers.”
Business Objects offers a broad and deep set of EPM solutions that cover the following areas: strategy management, business planning and consolidation, profitability and cost management, financial consolidation and spend analytics
1Gartner “Magic Quadrant for Corporate Performance Management (CPM) Suites” by Neil Chandler, Nigel Rayner, John E. Van Decker, Dec. 19, 2008.
About the Magic Quadrant
The Magic Quadrant is copyrighted December 2008 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Business Objects
Business Objects, an SAP company, transforms the way the world works by connecting people, information and businesses. With open, heterogeneous applications in the areas of governance, risk and compliance; enterprise performance management; and business intelligence, Business Objects enables organizations of all sizes worldwide to close the gap between business strategy and execution. Together with a strong and diverse partner network, Business Objects allows customers to optimize business performance across all major industries including banking, retail, consumer-packaged goods and public sector. Business Objects is committed to helping customers turn raw data into actionable decisions, regardless of their underlying database, operating system, applications or IT system.
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