Anaplan has once again been recognized in the Gartner® Magic Quadrant™ for Financial Planning Software (FPS), marking their third consecutive year as a Leader in the space. This year, Anaplan was positioned furthest for Completeness of Vision, which we believe demonstrates their significant investment in innovation and understanding of the market. As businesses navigate increasing uncertainty and complexity, the Anaplan platform empowers finance teams to adapt faster and drive more agile, strategic decision-making.
Navigating the Gartner® Magic Quadrant™
Gartner Inc. is a U.S. based research and advisory firm that publishes a Magic Quadrant for Financial Planning Software each year. The Magic Quadrant graphic depicts, “a market using a two-dimensional matrix that evaluates vendors based on their Completeness of Vision and Ability to Execute.” This visual representation and standardized evaluation criteria help you easily assess how well technology providers are executing their strategies and aligning with Gartner’s market perspective.
The Gartner Magic Quadrant categorizes technology providers into four distinct segments, evaluated based on specific criteria. These segments are defined by Gartner as follows:
Source: Gartner (November 2024)
The Magic Quadrant plays a crucial role for businesses seeking a reliable, forward-thinking partner to help transform their financial planning and analysis (FP&A) processes.
The critical role of FP&A software in modern business
FP&A software has become essential for today’s finance leaders. In the face of constant market volatility and rapid technological change, businesses that leverage FP&A solutions gain the ability to forecast with greater precision, mitigate risks, and make data-driven decisions confidently. The ability to link financial plans with operational goals across the organization allows companies to align their strategies more effectively, ensuring that every department works towards shared objectives. As the demand for faster decision-making and agile planning grows, FP&A software plays a crucial role in maintaining organizational resilience and responsiveness.
Anaplan innovations empower your finance teams everywhere
The Anaplan platform delivers a comprehensive approach to financial planning and analysis by connecting financial data and operational plans in real time. The unified platform enables businesses to collaborate across functions, breaking down silos between finance, sales, supply chain, and HR teams. With integrated planning, businesses can better align goals, forecast more accurately, and drive greater organizational agility.
Anaplan also recognizes the growing importance of AI in financial planning. Their AI-driven forecasting tool, PlanIQ, provides businesses with advanced predictive analytic features and the ability to harness vast amounts of internal and external data to improve forecasting accuracy. By offering transparency in predictive modeling with features like “explainability” and “impact scoring,” Anaplan allows users to understand the drivers behind forecasts and how they influence business outcomes. We feel this level of insight is critical for finance leaders aiming to navigate uncertainty, capitalize on emerging opportunities, and guide the business in decision excellence.
Complementing this, Polaris calculation engine enables organizations to model and analyze their businesses with precision, leveraging dimensionality and scalability to uncover critical insights. Moreover, Anaplan’s patented Hyperblock™ technology enables the rapid calculation of multiple scenarios, essential for industries that require flexibility and timely data-driven decision-making. This capability allows businesses to scale with ease and pivot quickly in response to market disruptions, ensuring that finance teams stay agile and well-prepared for any challenge.
As part of Anaplan’s commitment to innovation and delivering on their vision, they’ve announced a $500M multi-year investment to accelerate advancements in the platform. This investment underscores the focus on delivering cutting-edge tools that drive efficiency, reduce costs, and support smarter, data-backed decisions that position businesses to thrive amid change.
Ready to explore the future of financial planning?
We believe the 2024 Gartner Magic Quadrant for Financial Planning Software provides valuable insights for businesses seeking to transform their FP&A processes. To learn more about why Anaplan was recognized as a Leader access your copy of the report below.
Source: Anaplan
Gartner Disclaimer
Gartner, Magic Quadrant for Financial Planning Software, By Regina Crowder, Vaughan Archer, Matthew Mowrey, Michelle Carlsen, 18 November 2024.
GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
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.
This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Anaplan.
