10/24/2023 | News release | Distributed by Public on 10/24/2023 02:42
The EMP market - key findings
The study offers rankings of enterprise performance management software vendors. Dresner rates vendors using 33 different criteria on a five-point scale for each. Criteria cover sales /acquisition experience (8 criteria), value for price paid (1), quality and usefulness of product (12), quality of technical support (5), quality and value of consulting services (5), whether the vendor is recommended (1), and integrity (1).
There has been a notable increase in the usage of enterprise performance management solutions, up to 62 percent from 54 percent in 2022. Usage is up most for mid-sized organizations (defined as those with between 100 and 1000 employees) and small organizations (under 100 employees) - which are up to 59% from 47% and 34% from 24%, respectively, when compared to last year.
This year marks yet another chapter in the story of EPM adoption across industry: just 4 years ago, in 2019, less than 40% of organizations used EPM. By 2023, this number has jumped by over 33%, with more than 75% of organizations that have adopted rate as extremely successful or very successful.
What's more, nearly 83% of organizations rate EPM as critical, very important, or important to their success.
How does Unit4 compare?
Out of the 16 vendors profiled by the study, Unit4 is Overall Leader in both the Customer Experience Model and Vendor Credibility Model. It maintains a perfect recommend score. Our solution remains generally in line with the overall sample for most measures, with improvements in overall value, product/technology, consulting, and integrity.
Ready to learn more?
To learn more about the EPM market in 2023 - and how Unit4 compares to the competition - download a full copy of the report here.