REDWOOD CITY, Calif. – October 18, 2016 – Tidemark, the market-leading provider of modern cloud business planning and enterprise analytics apps, today announced it has been named a Strong Performer in the Forrester Research, Inc. October 2016 report, The Forrester Wave™: Enterprise Performance Management, Q4 2016. The report evaluated 10 vendors based on 36 criteria, including current offering, strategy, and market presence.
In the April 2015 report, "The EPM Market Landscape Responds To The Growth Agenda And Digital Disruption", Forrester noted that, “…the rapid growth in EPM SaaS adoption is being led by a handful of pure-play SaaS vendors.” In the 2016 Wave report, the research firm reaffirmed that assertion by stating, “the shift to [SaaS] and opportunities to harness real-time integration and advanced analytics are driving EPM market growth.” Forrester Vice President and Principal Analyst Paul D. Hamerman also wrote in the report, “management reporting solutions leveraging advanced analytics can generate insights, prescriptive advice, and visual infographics based on patterns or anomalies in the underlying data.”
According to Forrester's Wave report, Tidemark is “Going to market with a differentiated technology stack that leverages Hadoop, SaaS, and in-memory analytics rather than the cube-based architectures of its competitors,” and “Tidemark is an innovative EPM player with a strong focus on management reporting and analytics. Tidemark’s signature strength is visual and narrative reporting, including storylines and Playbooks; it’s also strong in management reporting with dashboards and variance analysis, including the ability to drill down to the underlying details.”
"Instead of using the cloud to host more spreadsheets, we use the cloud to change the process of how teams model, analyze, report and take action," said Christian Gheorghe, Founder and CEO of Tidemark. “The office of finance can now achieve real and meaningful transformation by extending critical insights to the edges of the business, resulting in greater collaboration, accuracy and performance.”
Working with world-class brands like Acxiom, Orange, Stanford University, Veolia and more, Tidemark helps transform finance and operations with its unparalleled computational cloud to help finance teams model, integrate and process more dimensions of data to better plan and outmaneuver their competitors.