Overview
Product Information on MagicOrange
What is MagicOrange?
MagicOrange Pricing
Overall experience with MagicOrange
“Enhancing Cost Transparency, Efficiency and Collaboration through Magic Orange”
“Product Review: Great, implementation and platform maintenance Review: Can be challenging”
About Company
Company Description
MagicOrange is an intelligent Enterprise Financial Management Platform offering ITFM, TBM, CFM and FInOps capabilities. It is purpose built for large enterprises that need to accurately correlate and assign IT, shared services and direct divisional costs to business activities and it delivers precise cost insights and predictive analytics that drive business transformation, financial control and sustainable growth. The platform provides CIOs and their leadership teams with sophisticated capabilities including cloud, hybrid and on premises cost allocation, AI powered cost modelling, budgeting, forecasting and scenarios planning, Gen AI data query and more. These capabilities enable trusted chargeback programs, robust cost optimization planning and analysis, multi cloud cost visibility and commitment reporting and total cost unit economics. MagicOrange helps companies drive growth maximize profitability, reduce waste and unlock new value by providing the insights needed to invest wisely.
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Reviewer Insights for: MagicOrange
Performance of MagicOrange Across Market Features
MagicOrange Likes & Dislikes
Magic Orange provides excellent visibility and transparency into cost allocation and transfer pricing. The platform is intuitive and flexible, making it easy to analyse cost drivers and explain allocations across the various business units. The support team another huge standout. They are always will to go the extra mile to resolve issues quickly...and more importantly to ensure that we understand what caused the issue and how to ensure that issue does not surface again. Using Magic Orange also gave us the confidence in our reporting and collaboration with the various functions and business units with the bank.
The platform itself is quite intuitive, there are reports that are available which are extremely customizable due to the Power BI based Analytics interface.
As a financial provider, we provide various services to our internal customers and from time-to-time these requirements changes. What I like about the product is the following: 1) The ability to make changes to the Reports that we access (to customize the reports) 2) The knowledge and support of the vendor is outstanding 3) Continues development on the Product/Service throughout the years and training available to keep up with the latest changes 4) Integration with other systems within our organisation
1. System Performance - during peak reporting periods, the system can be slightly slower when handling large datasets. 2. Visualisation and Analytics - more dynamic dashboards or deeper Power BI integration would enhance data storytelling and anlysis. Despite these minor challenges, the platform remains highly effective and continues to add strong value to our cost management processes.
There are alot of complexities when it comes to implementing the solution for a large scale organization with numerous sub divisions and this complexity can be challenging as there are multiple spaces that needs to be updated when any changes occur, and the fact that you are unable to get a clear picture of which areas need to be updated with the changes initially can impact reporting later on.
1) The Product is quite complex, and it takes times to learn and get familiar with all the functionalities 2) Currently, due to the size of our organisation, we only have three planning sizes in the model. It will be great to have more planning cycles immediately available in the model 3) It will be great to have easier access to archived information
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MagicOrange Reviews and Ratings
- Finance Manager1B-10B USDBankingReview Source
Enhancing Cost Transparency, Efficiency and Collaboration through Magic Orange
Our overall experience with Magic Orange has been excellent. Magic Orange provides strong cost transparency, accuracy and control across our cost allocation and transfer pricing processes and cost allocation models. This has improved our collaboration between Finance, IT and the various functions and business by making cost data easily accessible and actionable. The Magic Orange Support team is professional, responsive and proactive in resolving issues quickly. Magic Orange has assisted us in driving efficiency, accountability and financial insight. - Finance Associate10B+ USDBankingReview Source
Customization Options and Ongoing Support Highlighted, Complexity Noted as a Challenge
This is now almost 8 years that I am a user of Magic Orange. I think what stands out for me is the endless abilities of the model as well as the support we received during this period. - Finance Associate1B-10B USDInsurance (except health)Review Source
Product Review: Great, implementation and platform maintenance Review: Can be challenging
From my experience with the Vendor, there are constant changes in terms of staff and allocations that could impact the flow in which the solution is developed as well as the customer experience. - Finance Associate1B-10B USDBankingReview Source
Never before have I worked with a vendor so committed to customer success as Magic Orange
I have never before worked with a vendor so committed to ensuring customer success as Magic Orange is. I enjoy the style of the application and appreciate the consistent focus on improvement of performance and functionality. Allowing customizable reports as well as standard ones is great however there are times I wish I could create my own table to include in the data set of the Magic Orange Power BI reports. - Finance Manager50M-1B USDBankingReview Source
Team's Dedication Ensures Service Quality and Customizable Product Features
MO has an great team behind it that works hard to ensuring the services deliver are of great quality. The product its self delivers as per what is sold and there is always new features that are introduced to improve it further.