Gartner Magic Quadrant Financial Planning Software 2025: full analysis and EPM implications

The Gartner Magic Quadrant for Financial Planning Software is the annual benchmark for evaluating financial planning platforms. The December 2025 edition assesses 14 vendors along two axes: Ability to Execute and Completeness of Vision. Eight vendors reach the Leaders quadrant, a record since the inception of this framework.

This positioning reflects the growing maturity of the EPM (Enterprise Performance Management) market. The boundaries between planning, consolidation and reporting are blurring. Established vendors are broadening their functional coverage while newer entrants like Pigment are accelerating on AI and user experience. For finance leaders, this quadrant is a valuable starting point, but it does not replace a thorough analysis tailored to your specific context.

Overview: the 14 vendors evaluated and their positioning

Quadrant	Vendors	Consecutive years as Leader
Leaders	Anaplan	9
Leaders	Oracle EPM Cloud	9
Leaders	OneStream	5
Leaders	CCH Tagetik (Wolters Kluwer)	5
Leaders	Board	4
Leaders	Workday Adaptive Planning	4
Leaders	Jedox	3
Leaders	SAP Analytics Cloud	2
Visionaries	Pigment	—
Challengers	Vena Solutions	—
Challengers	Planful	—
Niche Players	IBM	—
Niche Players	insightsoftware	—
Niche Players	Prophix	—

Gartner’s methodology relies on customer surveys, product demonstrations and a strategic analysis of each vendor. Criteria include product quality, financial viability, market strategy, customer experience and sales operations. Placement in the quadrant is not a purchase recommendation: it reflects a holistic assessment that must be cross-referenced with your specific requirements.

The eight Leaders of the 2025 quadrant

Anaplan

Anaplan retains its Leader position for the ninth consecutive year. The platform remains the benchmark in connected planning with its Hyperblock engine, now complemented by the Polaris extension for very high-dimensionality models. The acquisition of Fluence Technologies in 2024 marks Anaplan’s entry into statutory consolidation.

Strength: driver-based modeling and multi-scenario analysis at scale. PlanIQ delivers predictive forecasting in production. The partner and model builder ecosystem is the broadest in the market.

Watch point: total cost of ownership remains among the highest. Native reporting capabilities are regularly cited as an area for improvement. The Fluence integration is still maturing.

Oracle EPM Cloud

Oracle EPM Cloud ranks highest in Ability to Execute for the second consecutive year. The suite covers planning, consolidation, close management, narrative reporting and account reconciliation in an integrated cloud environment.

Strength: broadest functional coverage in the market. Native integration with Oracle Fusion ERP and Oracle Autonomous Database. Robust consolidation and close engine.

Watch point: deployment and configuration complexity requires specialized resources. User experience trails newer solutions. The platform delivers optimal value in existing Oracle environments.

OneStream

OneStream reaches its fifth consecutive year as a Leader. The unified platform brings together planning, consolidation, close, reporting and data quality in a single environment. OneStream is the only vendor to be a Leader in both Magic Quadrants (Financial Planning and Financial Close).

Strength: unified platform that eliminates cross-system reconciliations. The marketplace offers over 250 pre-built solutions. The 98% client retention rate is the highest in the market. SensibleAI automates financial processes.

Watch point: the learning curve is the steepest among the Leaders. Implementation cost is high. The scarcity of certified consultants can extend project timelines.

CCH Tagetik

CCH Tagetik (Wolters Kluwer) is a Leader for the fifth consecutive year. The platform excels in regulatory compliance, statutory consolidation and structured financial reporting. Together with OneStream, it is the only vendor positioned as a Leader in both Gartner quadrants.

Strength: unmatched depth in statutory consolidation and regulatory reporting (IFRS 17, Solvency II, COREP/FINREP). Built-in regulatory intelligence that anticipates normative changes. Native integration with SAP.

Watch point: the user interface is less modern than newer competitors. The positioning is heavily oriented toward financial services and insurance. Operational planning capabilities lag behind Anaplan or Pigment.

Board

Board retains its Leader position for the fourth consecutive year. The platform combines planning, BI and analytics in a unified environment. Board particularly targets the mid-market and large European enterprises.

Strength: balance between functional depth and ease of use. Native dashboarding capabilities are among the best in the market. Pricing is more accessible than enterprise-tier leaders.

Watch point: scalability on very large deployments (over 500 concurrent users) may require adapted architecture. Brand awareness is stronger in Europe than in North America. The partner ecosystem is narrower than Anaplan or Oracle.

Workday Adaptive Planning

Workday Adaptive Planning is a Leader for the fourth consecutive year. The solution is particularly strong in workforce planning and financial planning for organizations already within the Workday HCM and Workday Financial Management ecosystem.

Strength: native integration with Workday HCM for workforce planning. Intuitive user interface, appreciated by business users. Rapid deployment for standard FP&A use cases.

Watch point: statutory consolidation capabilities are limited. Advanced modeling lags behind Anaplan. Maximum value is achieved in existing Workday environments.

Jedox

Jedox enters the Leaders quadrant for the third consecutive year. The platform stands out with its native Excel integration and performant OLAP engine. Jedox targets mid-market companies and finance teams heavily reliant on Excel.

Strength: native Excel add-in that delivers the best experience of its kind on the market. Performant OLAP calculation engine for multidimensional models. Competitive value-for-money for mid-market organizations.

Watch point: advanced operational planning capabilities (supply chain, workforce) lag behind. The partner ecosystem is more geographically concentrated (Europe). Scalability on very large data volumes may require optimization.

SAP Analytics Cloud

SAP Analytics Cloud is a Leader for the second consecutive year. The platform combines planning, BI and predictive analytics within the SAP ecosystem. Integration with SAP S/4HANA and SAP BW is a key differentiator.

Strength: native integration with the SAP ecosystem. Combined planning and BI in a single platform. Built-in predictive analytics capabilities via SAP Business AI.

Watch point: value is maximized for existing SAP customers. Statutory consolidation capabilities are limited compared to CCH Tagetik or OneStream. The complexity of the SAP ecosystem can extend deployment timelines.

The Visionaries: Pigment

Pigment, founded in Paris in 2019, is positioned as a Visionary for the second consecutive year. It is the youngest vendor in the quadrant and the most advanced on agentic AI. The Series D round of 145 million dollars in 2024 confirms the growth trajectory.

Strength: highest-rated user experience in the market (G2). Agentic AI approach in production with autonomous agents that automate planning tasks. Among the shortest time-to-value thanks to the no-code approach.

Watch point: the installed base is still limited compared to established Leaders. Statutory consolidation coverage is absent. Reliance on venture capital funding raises the question of the path to profitability.

Challengers and Niche Players

Vena Solutions is positioned as a Challenger. The platform leverages Excel as its native interface and targets North American mid-market companies. Vena offers rapid deployment and an accessible entry cost, but functional depth falls short on complex use cases.

Planful is also a Challenger. The cloud-native solution covers FP&A, close management and reporting. Planful targets mid-market companies with aggressive pricing and a smooth user experience.

IBM is positioned as a Niche Player. IBM Planning Analytics (TM1) retains a significant installed base but suffers from a perceived innovation deficit compared to cloud-native Leaders.

insightsoftware is a Niche Player. The portfolio aggregates several acquired products (Tidemark, Longview, Certent) with a focus on financial reporting and close management.

Prophix is a Niche Player. The solution targets SMBs and small mid-market companies with rapid deployment and controlled cost. Prophix was acquired by Pound Sterling in 2023.

Comparison table: Leaders 2025 vs 2024

Vendor	Position 2024	Position 2025	Movement
Anaplan	Leader	Leader	Stable
Oracle EPM Cloud	Leader	Leader	Stable
OneStream	Leader	Leader	Stable
CCH Tagetik	Leader	Leader	Stable
Board	Leader	Leader	Stable
Workday Adaptive Planning	Leader	Leader	Stable
Jedox	Leader	Leader	Stable
SAP Analytics Cloud	Leader	Leader	Stable
Pigment	Visionary	Visionary	Stable
Planful	Challenger	Challenger	Stable
Vena	Challenger	Challenger	Stable

Takeaway: the stability of positions between 2024 and 2025 reflects market maturity. No vendor changed quadrants, indicating a consolidation of established positions. Movements within each quadrant (progression along one axis) are more meaningful than quadrant changes. SAP Analytics Cloud advanced in Ability to Execute. Pigment moved forward in Completeness of Vision driven by its AI strategy.

What the Magic Quadrant does not tell you

Total cost of ownership

The quadrant does not include pricing comparisons. Yet TCO varies by a factor of 1 to 10 depending on the vendor, the size of the organization and the complexity of the deployment. An Anaplan or OneStream project for a large enterprise regularly exceeds 2 million euros over three years (licenses plus implementation).

Industry fit

Gartner’s positioning is cross-industry. It does not distinguish sector-specific strengths. CCH Tagetik dominates in financial services and insurance. Anaplan is strong in retail and supply chain. OneStream excels in manufacturing and complex multi-entity groups.

Integrator ecosystem quality

The availability of skilled consultants in your region is a critical factor the quadrant does not measure. Anaplan and Oracle have the broadest ecosystems. OneStream and CCH Tagetik have more concentrated but highly specialized ecosystems. Pigment and Jedox have ecosystems still under construction.

Real-world user experience

The quadrant evaluates overall customer experience but does not finely measure usability. G2 reviews and Gartner Peer Insights provide a useful complement. Pigment and Board are the highest-rated for ease of use. OneStream and Oracle EPM Cloud have the steepest learning curves.

Dual leadership: who is a Leader in both quadrants?

Vendor	Financial Planning Software	Financial Close and Consolidation
OneStream	Leader	Leader
CCH Tagetik	Leader	Leader
Oracle EPM Cloud	Leader	Leader (Close)
Anaplan	Leader	Not evaluated

OneStream and CCH Tagetik are the only two vendors positioned as Leaders in both Gartner quadrants. This dual positioning is decisive for organizations seeking a unified platform covering both planning and consolidation. Oracle EPM Cloud is also a Leader in both, but with a stronger positioning in close management than in pure statutory consolidation. Anaplan, with the Fluence acquisition, aims to join this exclusive group in upcoming editions.

How to use the quadrant in your selection process

Identify your primary need. If your priority is connected planning and advanced modeling, focus on Anaplan, Pigment and Board. If your priority is unified financial control (consolidation, close, reporting), look at OneStream, CCH Tagetik and Oracle EPM Cloud.

Cross-reference with your technical constraints. Your existing ERP (SAP, Oracle, Workday) strongly influences the choice. Native integration reduces deployment costs and timelines.

Evaluate beyond the quadrant. Gartner’s positioning is a starting point. Supplement it with Gartner Peer Insights reviews, G2 benchmarks, and above all POCs on your real use cases. Use our EPM comparator to structure your analysis.

Seek independent guidance. An integrator tied to a single vendor will not give you an objective view. The Performance Vectors experts support finance leaders in their EPM selection independently.

Implications for EPM projects in 2026

The planning-consolidation convergence is accelerating

The number of vendors covering both domains is increasing. Anaplan’s acquisition of Fluence, OneStream’s reinforcement of its planning module, and Board’s extension of close management capabilities confirm this trend. In 2026, the choice between a unified platform and a best-of-breed architecture remains the defining dilemma of any EPM project.

AI is moving from narrative to production

Predictive forecasting is now in production for the majority of Leaders. Agentic AI (autonomous agents that execute complex tasks) is the next battleground. Pigment leads this race, but Anaplan (PlanIQ), OneStream (SensibleAI) and Oracle are investing heavily. Evaluate AI capabilities on your concrete use cases before making them a selection criterion.

The mid-market is becoming a battleground

Enterprise Leaders (Anaplan, OneStream, Oracle) are launching simplified offerings for the mid-market (OneStream CPM Express, Anaplan Starter). In parallel, mid-market players (Jedox, Board, Planful, Pigment) are moving upmarket. This convergence offers more choice for mid-sized companies, but makes the selection process more complex.

How to access the full report

The Gartner Magic Quadrant for Financial Planning Software 2025 report is available through a Gartner subscription. Leader vendors regularly publish free reprints on their respective websites. For an independent analysis tailored to your context, contact the Performance Vectors experts.

Last updated: April 2026.