Financial corporate performance management (FCPM) solutions support the office of finance's accounting processes toward the financial close, as well as targeting improvements in management reporting and analysis and external financial reporting and disclosure. FCPM also includes components of EFCA capabilities and financial consolidation capabilities. These applications ultimately help CFOs and other business leaders to gain a clear picture of their financial and organizational performance by ensuring the accuracy of the consolidation for operational and financial information that forms the basis for business decisions. This market covers solutions available as on-premise only options.
A government budgeting and planning solution provides a government-focused platform that encompasses the entire budgeting process from budget planning to budget adoption. It helps in gaining transparency across all departments to report on budget allocations and expenditures, along with in-depth and insightful reports to enable data driven decision making. Such solutions help in creating an integrated and expansive approach, by creating efficiencies and decreasing the length of time of the budgeting process. The system provides transparency to the users throughout the year to evaluate budget to actuals and program expenditures. Government Budget Owners, Program Managers, Finance and Accounting team are the predominant users.
ITFM market consists of both tool vendors that sell and implement ITFM tools and service providers that custom-build ITFM capabilities or implement and support solutions from tool vendors.
Lifecycle Cost Management Software is a specialized tool designed to assist organizations in managing the total cost of ownership of their assets throughout their entire lifecycle. This type of solution is crucial for financial analysts, cost engineers and businesses that rely heavily on physical assets, such as manufacturing plants, infrastructure, or large equipment, as it helps them plan, analyze, and optimize costs from acquisition through operation and maintenance to eventual disposal. It often includes features such as performing cost analysis to forecast future expenses, generating insights into asset performance and lifecycle trends, as well as allowing users to model different scenarios and simulate outcomes. This holistic approach allows organizations to make informed decisions about asset management, ensuring that they maximize value while minimizing costs.
A cost-to-serve analysis creates a solid understanding on where and how costs are incurred through an organization. It is about modeling costs that are different for each customer and product, and ensuring they are allocated fairly. The CTS analysis solution market’s most common use cases are: - More informed product portfolio management - Costing decisions and supply network design - Gain sharing between suppliers and customers - Identification and allocation of costs to suppliers and customers - Improved process and resource efficiency