Market Perspectives

insightsoftware is Vendor of Merit in Business Planning Value Index

Posted by Ventana Research on Mar 7, 2022 5:00:00 AM

Ventana Research is sharing insights about insightsoftware, drawn from our latest Value Index research, which assesses how well vendors’ offerings meet buyers’ requirements. The 2022 Ventana Research Value Index: Business Planning is a distillation of a year of market and product research efforts.

In all of our Value Indexes, we utilize a structured research methodology that includes evaluation categories designed to reflect real-world criteria incorporated in a request for proposal and vendor selection process for business planning. We evaluated insightsoftware and 13 other vendors in seven categories, five relevant to the product (Adaptability, Capability, Manageability, Reliability and Usability) and two related to the vendor (Total Cost of Ownership/Return on Investment and Vendor Validation). To arrive at the Value Index rating for a given vendor, we weighted each category to reflect its relative importance in an RFP process, with the weightings based on our expertise and research.

insightsoftware provides technology that supports financial processes through a broad range of applications and tools. Its Longview Plan is a well-established application designed to support enterprise-scale planning and budgeting processes in the cloud.

insightsoftware was categorized as a Vendor of Merit, ranking 10th overall in this Value Index evaluation. It ranked 10th in Product Experience, and fourth in Adaptability where it ranked best. It ranked 12th in Customer Experience, performing best in TCO/ROI. insightsoftware’s overall performance was impacted by its lower ranking in Usability and Capability, which represent 40% of the weighting in the overall Value Index.

Our assessment finds that insightsoftware could perform better in Usability by examining the areas where it could improve its use of artificial intelligence and machine learning. In Validation, where it ranked 13th, insightsoftware could deepen its commitment and investment to its planning software. This assessment was based on insightsoftware Longview Plan, available in September of 2021.

As a result of the rapidly changing business landscape since 2020, and the need to quickly – and intelligently – change business plans and budgets to be agile and build resiliency, many organizations have decided to adopt dedicated software to support a planning approach that offers speed and flexibility. Transforming how organizations plan and budget has become a top-of-mind issue for chief financial officers and CEOs. Our Value Index can help organizations make better informed decisions on software that is best suited to business needs.

This research-based index is the most comprehensive assessment of the value of business planning software in the industry. Technology buyers can learn more about how to use our Value Index by clicking here, and included vendors that wish to learn more can click here. Read the report here.

Topics: Office of Finance, Business Planning

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Ventana Research is the most authoritative and respected market research and advisory services firm focused on improving business outcomes through optimal use of people, processes, information and technology. Since our beginning, our goal has been to provide insight and expert guidance on mainstream and disruptive technologies. In short, we want to help you become smarter and find the most relevant technology to accelerate your organization's goals.