Market Share of Corporate Performance Management Industry
The corporate performance management market is moderately consolidated with the presence of several players like Oracle Corporation, SAP SE, IBM Corporation, Adaptive Insights, Host Analytics, etc. The companies continuously invest in strategic partnerships and solutions developments to gain substantial market share.
In May 2023, Wolters Kluwer, a global player in professional information, software solutions, and services, announced the expansion of its CCH Tagetik corporate performance management (CPM) portfolio in Taiwan - introducing new functionality to enable Taiwan multinational companies to address evolving Global Minimum Tax and ESG regulations. New CCH Tagetik functionality will support international Taiwan companies impacted by new Global Minimum Tax requirements, which the Ministry of Finance predicts to adopt as early as 2024 for certain global businesses. Specifically, the CCH Tagetik Global Minimum Tax solution will authorize enterprises to collect, align, calculate, and report integrated finance and tax data in compliance with Organisation for Economic Co-operation and Development (OECD) pillar two tax requirements.
In May 2022, Tietoevry has started a collaboration with OneStream to streamline corporate performance management processes. One of the prominent cloud-based finance platforms guarantees improved decision-making. OneStream provides Tietoevry's enterprise consumers with a unified platform collecting data from different systems across the enterprise to enable finance and other executives to focus on business. The solution enhances financial and operational data quality by aligning planning, reporting, financial consolidation and analytics.
Corporate Performance Management Market Leaders
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Oracle Corporation
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SAP SE
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IBM Corporation
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Adaptive Insights
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Host Analytics
*Disclaimer: Major Players sorted in no particular order