Market Overview

Prophix Software Positioned as a Visionary in Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions


Prophix believes that significant levels of cloud growth and expanded global partnerships support Visionary position

MISSISSAUGA, Ontario (PRWEB) August 03, 2018

Prophix Software, a global provider of Corporate Performance Management (CPM) software, announced today that Gartner Inc. has positioned Prophix as a Visionary in its 2018 Magic Quadrant for Cloud Financial Planning and Analysis Solutions. Vendors were evaluated for completeness of vision and ability to execute.

The Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions report states [1],
"Financial planning and analysis solution support the office of finance's efforts to manage financial planning and budgeting as well as financial modeling and performance reporting."

The report states that "Gartner emphasizes the most impactful market factors when considering vendors' scores. This Magic Quadrant stresses capabilities related to the four primary aspects of this market's evolution. These are:
1. Ease of use, maintenance and solution flexibility
2. Platform
3. Integration
4. Analytics and decision support"

"To us, being named a Visionary reinforces that our strategic direction is on track for continued growth," said Alok Ajmera, President & COO of Prophix Software. "With a strong focus on customer excellence and a flexible cloud solution, Prophix represents the future of FP&A software."

The 2018 Magic Quadrant for Cloud Financial Planning and Analysis Solutions evaluated 16 different software vendors. To be eligible for inclusion in this Magic Quadrant, vendors had to meet specific product capabilities, market presence, and vendor viability criteria.

For a copy of the full report, compliments of Prophix, please click here.

[1] Gartner, "Magic Quadrant for Cloud Financial Planning and Analysis Solutions," by Christopher Iervolino and John E. Van Decker, July 24, 2018."

Gartner Disclaimer Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Prophix Software
Your business is evolving. Your systems should evolve too. Achieve your goals more successfully with Prophix's innovative Corporate Performance Management (CPM) software. Improve profitability and minimize risk when you automate repetitive tasks and focus on what matters. Budget, plan, consolidate and report automatically. Whether in the cloud or on-premise, Prophix supports your future with a platform that flexes to suit your strategic realities, today and tomorrow. For more information, visit

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