Why the Cloud Is Expanding CPM Beyond Finance

Business concept shot of a beautiful young woman sitting at a desk using a computer in a green field raising her arms into a bright blue sky with fluffy white clouds, symbolizing rapid adoption of cloud CPM software.

We appreciate awards just as much as the next company. And we’ve certainly received our share recently.

Forbes magazine just named Adaptive Insights to its first Forbes 2016 Cloud 100, a list of the world’s top 100 private cloud companies. What’s more, CIOReview magazine included Adaptive Insights in its list of the 20 Most Promising Cloud Solution Providers of 2016

These honors come fresh on the heels of Adaptive Insights becoming the first cloud-only vendor to be placed as a Leader in Gartner’s 2016 Magic Quadrant for Strategic Corporate Performance Management Solutions report, alongside heavyweights IBM, Oracle, and SAP.

CPM gains rapid adoption among organizations worldwide

But the real story here isn’t about our industry recognition. It’s about a major trend taking place. Cloud corporate performance management (CPM) is gaining rapid adoption among organizations worldwide.

We’ve certainly seen this play out with our own customers. The Leukemia & Lymphoma Society (LLS), the world’s largest voluntary health agency dedicated to advancing treatments and finding cures for blood cancer, has deployed a full-featured cloud-based FP&A system. The solution doesn’t just support the finance department and executive decision-makers: More than 400 LLS managers and employees also regularly access the FP&A system, making corporate performance a responsibility shared by everyone.

In explaining why CIOReview named us one of 20 Most Promising Cloud Solution Providers, Managing Editor Jeevan George said Adaptive Insights “has changed how thousands of companies manage corporate performance, enabling leaders across organizations to collaborate and participate in a process that was previously siloed, time-consuming, and error-prone.”

Why the cloud for CPM?

As CPM software becomes important to the organization as a whole, companies are moving it to the cloud, along with other critical operational functions like enterprise resource planning. Gartner estimates that 30% of organizations have already moved financial components to the cloud or will do so in 2016. John Van Decker, Gartner Research vice president, recently told FEI’s Committee on Finance & IT that he believes the cloud is becoming the preferred business application delivery platform for finance.

In Gartner’s 2016 Magic Quadrant report, analyst Christopher Iervolino said organizations see the value of the agility and flexibility provided by the cloud. “They are taking advantage of cloud capabilities—faster time to value, painless upgrades, more intuitive interfaces, ease of use, new functionalities, and better analytics,” he said.

3,000+ customers can’t be wrong

Our chairman, Robert S. Hull, saw the promise of the cloud when he founded Adaptive Insights in 2003, and today we serve more than 3,000 customers in 85 countries, far and away the largest customer base of any pure-play cloud vendor. Adaptive Insights customers report superior ease of use, visualization, and analytics capabilities, as well as an award-winning user experience.

We’re thrilled at the accolades we’ve received recently. It validates the momentum for cloud CPM.

Visit the Customer Success section of our website to learn how companies are using cloud CPM software to transform finance.

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