Unit4 BV

10/01/2024 | News release | Distributed by Public on 10/01/2024 04:29

The Cloud remains the preferred deployment for EPM and FP&A – Dresner reports

The market for Cloud deployment is growing

Upon its survey of real EPM/FP&A users, Dresner reports on its findings about preferred deployment. Notably, they reported that 59% of organizations already deploy their EPM tolls in the Cloud, up from 44% in 2023, showing a growing market.

Similarly, IDC reported this yearthat the market share of public Cloud services is growing, while currently 42%, it is expected to increase by 15% over the next 5 years, with on-premises only growing by 4%.

The growing interest and use of Cloud-deployed tools between younger organizations and older organizations demonstrates this changing market:

  • Organizations younger than 5 years were the most likely to adopt Cloud deployments of EPM, while organizations of 5 - 10 years were the least likely.
  • Yet, organizations of 11-16 years have the most current usage of EPM tools, showing that companies satisfied with legacy processes, those between 5 - 10 years, will eventually switch to Cloud EPM as their needs mature.
  • Equally, the fact that those younger organizations with less mature processes and IT capabilities are the most likely to use and investigate Cloud EPM, shows that the capabilities of Cloud EPM can bridge technical gaps thanks to innovation.

Why Unit4 FP&A is the ideal Cloud FP&A solution

A modern FP&A solutionis your catalyst for transforming performance in an ordered, achievable, and efficient way. Organizations must turn the page on legacy systems, accepting that traditional approaches to data management cannot compete in today's markets.

Unit4 Cloud FP&A has been designed to seamlessly integrate with ERP systems for better access to data. We allow you to connect critical applications and functions that make your enterprise tick, using a single source of truth to support decision-making, while leveraging automation to swap time-consuming manual tasks for strategic analysis.

We're pleased that Unit4 FP&A was ranked by Dresner among 16 other vendorsas an 'Overall Credibility Leader' in the 'Customer Experience Model', and a 'Trust Leader' in the 'Vendor Credibility Model', while maintaining a perfect 10.00 score for recommendation.

To read more, download the full EPM Market Study for 2024, visit our dedicated product page, read more Unit4 FP&A customer stories, or talk to salestoday.

Ready to switch to the Unit4 FP&A Cloud? Start your journey to the Cloud by evaluating your current solution and needs with our Cloud Migration Assessment. It will provide all the details needed to map out your migration path.