8th January 2008
Business Objects the business intelligence (BI) solutions vendor acquired by SAP at the end of last year says it has been positioned as a leader in Gartner's Magic Quadrant for CPM Suites 2007 , published on December 19, 2007.

Targeted at the CFO and finance team, senior executives, and corporate-level decision makers, Corporate Performance Management (CPM) is defined by Gartner as “the processes used to manage corporate performance, such as strategy formulation, budgeting, and forecasting; the methodologies that drive some processes, including the balanced scorecard or value-based management; and the metrics used to measure performance against strategic and operational performance goals.”

According to Gartner, ‘leaders' are vendors who “deliver breadth and depth of CPM suite functionality, as well as provide enterprise-wide implementations to support a broad CPM strategy. Leaders successfully articulate a business proposition that resonates with buyers, and are supported by the viability and operational capability to deliver on a global basis.”

“ Enterprise performance management is critical to making informed decisions and managing the business - from forecasts to profitability and cost analysis through to the financial close ,” said Mark Doll, senior vice president and general manager, global services and performance management at Business Objects.   “ In 2007, we committed to providing our expanding customer base with the industry's most advanced and innovative suite of integrated performance management solutions and have now successfully done that with BusinessObjects™ EPM XI. We're delighted about our Leaders quadrant position, and believe this reflects our visionary strategy and both the breadth of EPM coverage and depth of our individual products.”