WALLDORF β (NYSE: ΒιΆΉΤ΄΄) today announced it has been named a Leader in the βIDC MarketScape for Worldwide SaaS and Cloud-Enabled Enterprise Finance and Accounting Applications 2020 Vendor Assessmentβ report.* The report evaluated six worldwide vendors in SaaS and cloud-enabled enterprise finance and accounting applications and positioned ΒιΆΉΤ΄΄ as a Leader.
The report states that ΒιΆΉΤ΄΄ offers leading-edge financial technology, machine learning, Big Data and analytics and cites ΒιΆΉΤ΄΄βs strength in technology investment, noting that the ΒιΆΉΤ΄΄ S/4HANA Cloud Finance solution includes innovations such as machine learning, continuous close features and automation through robotics processing. The IDC MarketScape also cited ΒιΆΉΤ΄΄βs rapid implementation methodology as a strength, with ΒιΆΉΤ΄΄ S/4HANA Cloud Finance implementation possible within a month using ΒιΆΉΤ΄΄ Activate methodology where standard best practice processes, localized for 43 countries, can be used out of the box.
Globalization was also listed as a key strength, making ΒιΆΉΤ΄΄ particularly attractive for large multinational, multientity organizations for which localization can be cumbersome and costly. The report states that ΒιΆΉΤ΄΄ S/4HANA Cloud Finance is adept at supporting even the most complex globalization demands including local legal guidelines and reporting standards.
βThe ground underneath the feet of todayβs financial professional is rapidly shifting to digital,β said Kevin Permenter, research manager, IDCβs Enterprise Applications. βIt will be the companies with the right mix of talent and software tools that will be best able to thrive within these changing conditions. Software vendors that prioritize features that provide enhanced visibility, flexibility and agility will find themselves well positioned for future growth.β
With its industry-leading financial solutions and global approach, ΒιΆΉΤ΄΄ is poised for accelerated adoption as the finance industry worldwide continues its record pace of digitalization.
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About IDC MarketScape: IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendorβs position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
*IDC MarketScape: Worldwide SaaS and Cloud-Enabled Enterprise Finance and Accounting Applications 2020 Vendor Assessment βDoc #US45837320, May 2020.
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