Global FPSM Market Shows Significant Gains

Revenue for financial performance, strategy management and GRC applications market grew 16.3% in 2011.

May 23, 2012 / 13:55 IST

New International Data Corporation (IDC) research shows that the worldwide financial performance, strategy management and GRC (FPSM) applications market saw continued momentum in 2011 as pent-up demand for FPSM products led to increased budgets for addressing the management and optimisation of key processes of the office of finance. SAP and Oracle co-lead this market, and both made strides in supporting the consolidation and close processes as well as in expanding risk-driven planning capabilities, which helped win new customers.

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first published: May 23, 2012 01:38 pm

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