For Business Process Professionals

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	January 11, 2005 Financial Planning And Budgeting Applications Flexible Solutions Help Enterprises Look Ahead by Paul D. Hamerman with John Ragsdale, Jessica Harrington	Average: 8  (2 ratings)

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Executive Summary

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.

TABLE OF CONTENTS

• Forward-Looking Financial Processes Serve Multiple Purposes
• Dissatisfaction Runs High With Current Budgeting Processes
• Solutions Are Flexible, But Some Assembly Required
• Three Categories Of Vendors Battle For Share
• This Market Will Experience Solid Growth

RECOMMENDATIONS

• Leverage Application Flexibility

WHAT IT MEANS

• The Big ERP Vendors Will Win, One Way Or Another

ALTERNATIVE VIEW

• Budgeting Innovation Faces Cultural Challenges
• Supplemental Material
• Related Research Documents

This is an excerpt

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