Executive Summary (This is a document excerpt)

Interest in applications to support financial planning, budgeting, and forecasting is currently high — a recent Forrester survey shows that 35% will invest in this software within the next 12 months. This is driven by two primary factors: 1) the need to automate existing processes by replacing spreadsheets with enterprise-class data management and collaboration capabilities; and 2) the need to innovate forward-looking financial processes for better management, agility, and control. We expect this market, currently $330 million in license revenues worldwide, to grow by 14% during the next five years to reach $565 million in 2008.

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