CXO Tops Gartner List of Strategic Corporate Performance Management Solutions

ATLANTA, GA, August 28, 2017 (Newswire.com) - CXO Solutions, a global provider of integrated Strategic Performance Reporting solutions for leading enterprise performance management (EPM) systems, receives high rankings in Gartner’s recent Market Guide for Corporate Planning Applications. Gartner names CXO-cockpit as a leading provider of planning solutions helping organizations enhance budgeting, planning, and financial modeling.

CXO occupies first place in the category Strategic Corporate Performance Management Solutions (SCPM), rating 4.9 out of a possible 5. Additionally, CXO’s SCPM platform ranks higher than in comparison to leading vendors like IBM, Oracle, and SAP. Corporate customers rate CXO’s Integration & Deployment service at 4.8. The Evaluation & Contracting rating is 4.7. Other categories where CXO ranks high include Timeliness of Vendor Response at 4.9, Quality of Technical Support at 4.8, and Pricing Flexibility at 4.6.

Naturally, we are very proud and pleased with the outcome of this report. We see more and more customers utilizing our solution to a much larger scope than just a reporting tool. The ability to collect, report and analyze financial data 24/7 provides them with a strategic advantage; additionally, the dynamic reports allows stakeholders to drill and find the exact information they need. Our software helps to speed-up the critical C-level decision-making process.

Ronald Wissink, CEO of CXO Solutions

“Naturally, we are very proud and pleased with the outcome of this report,” says Ronald Wissink, CEO of CXO Solutions. “We see more and more customers utilizing our solution to a much larger scope than just a reporting tool. The ability to collect, report and analyze financial data 24/7 provides them with a strategic advantage; additionally, the dynamic reports allows stakeholders to drill and find the exact information they need. Our software helps to speed-up the critical C-level decision-making process.”

Feedback on CXO’s SCPM solution came from a variety of industry verticals like manufacturing, energy and utilities, finance, services, media, and numerous others. Most of the companies who reviewed CXO services are valued from $1 to $30 billion, with none under $250 million. The ratings translate as high level of satisfaction by the corporations using CXO-Cockpit. Moreover, all customers who filled in the Gartner survey stated their willingness to recommend CXO as an SCPM solution.

The IT director of a $10-$30 billion manufacturing company told Gartner CXO’s solution was “rich in features and easy to implement and support,” adding, “CXO as a product clearly stood out in terms of rich functionality and ease of implementation. The time to design, build, and deploy was two weeks — unheard of in any previous implementations. Users love the dashboarding and drill down capabilities of the product and the ease of deployment which requires little training.”

“Great product, fantastic support,” says the group reporting systems director of a $3-$10 billion service industry company. “The quality of support from CXO is really exceptional. The consultants are all highly knowledgeable and responsive. The product itself is excellent and relatively inexpensive compared to similar products,” the CXO client told Gartner.

CXO designed its SCPM solution to help finance departments attain best results from budgeting, planning, and forecasting. Profitability modeling and strategy management is another distinctive feature of CXO’s platform. Unlike other vendors, CXO provides both on-premise and cloud-based SCPM solutions, plus SaaS capabilities. Connecting to Oracle HFM, Essbase, Hyperion Enterprise, PBCS, SAP BPC, BW, Tagetik, MS SSAS, Onestream and IBM TM1.

About CXO Solutions

A team of Finance and Enterprise Performance Management (EPM) professionals founded CXO Solutions BV, the company behind the CXO Digital Performance Reporting Platform, as an independent software provider in 2007. Their aim is to help finance teams overcome the limits of Excel-based reporting processes and generic Business Intelligence (BI) tooling.

The CXO Digital Performance Reporting Platform was soon seen to greatly reduce reporting cycles and eliminate the risks attending older reporting tools. More importantly, it optimizes processes and unleashes the full potential of organizations’ information and EPM systems. Perhaps most impressively, it helps free human talent from number-crunching, thus opening up organizations’ vibrant inventiveness.

Thanks to pre-built financially intelligent EPM connectors, fully integrated commentary/narrative, and strong reporting process governance, CXO Strategic Performance solution ensures a true, shared and trusted single point of insight for fast and secure decision-making with full financial control, anywhere and at any time.

CXO has an exclusive global customer base of over 90 multinational corporations and provides integrated Strategic Performance Reporting Solutions for all leading EPM systems, including Oracle Hyperion (Enterprise, HFM, Essbase and PBCS) SAP (BPC, BW, HANA), Tagetik and IBM (TM1 and Cognos Controller). More information is available at http://www.cxo-cockpit.com.

Press and Media Inquiries

Wouter Born
[email protected]
www.cxo-cockpit.com

About Gartner

Gartner, Inc. is the world's leading research and advisory company. The company helps business leaders across all major functions in every industry and enterprise size with the objective insights they need to make the right decisions. Gartner’ s comprehensive suite of services delivers strategic advice and proven best practices to help clients succeed in their mission-critical priorities. Gartner is headquartered in Stamford, Connecticut, USA, and has more than 13,000 associates serving clients in 11,000 enterprises in 100 countries. For more information, visit www.gartner.com.

Source: CXO Solutions