TechNavio today launched its report Global Financial Performance and Strategy Management Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team said; ”In the past few years, many medium-sized enterprises have become increasingly aware of the significance of complete visibility in their financial performance and its impact on their businesses. This trend has created an opportunity for Financial Performance and Strategy Management (FPSM) vendors to develop new versions of their products and attract mid-market enterprises, thus improving their presence in this market. A few new vendors in the FPSM space are aware of this opportunity, and have recently entered the market with an offering that is positioned to capitalize on this trend. The combination of their pricing models, capabilities, and ease of management make them appealing, especially to medium-sized enterprises.”
According to the report, many enterprises are adopting FPSM applications to meet their financial regulations to increase transparency. The increasing amount of financial regulation compliance, such as the International Financial Reporting Standard (IFRS), are making it essential for enterprises to install financial management applications to increase their transparency. Also, these compliances include increased risk compliance and governance compliance. Such compliances are increasing risk and governance awareness among enterprises and many companies are adopting FPSM applications to reduce the amount of risk exposure in their companies. It is becoming increasingly important for enterprises to understand the importance of compliance and to invest in FPSM applications to reduce the risk factors in business operations.
Further, the report also discusses that the high cost of deploying FPSM applications is one of the major challenges in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-financial-performance-and-strate…
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TechNavio Announces the Publication of its Report – Global Financial Performance and Strategy Management Market 2011-2015
