Fluence Technologies Recognized as a Challenger in the 2023 Gartner® Magic Quadrant™ for Financial Close and Consolidation Solutions report
Toronto, Canada – November 30, 2023 - Fluence Technologies, the only provider of purpose-built financial consolidation, close, and reporting software for complex, high-growth businesses, has been recognized as a Challenger in the Gartner Magic Quadrant for Financial Close and Consolidation Solutions report1. Gartner evaluated 14 Financial Close and Consolidation software providers based on their Ability To Execute and Completeness Of Vision.
“We are proud to be recognized as a Challenger in the Gartner Magic Quadrant for Financial Close and Consolidation Solutions report,” said Michael Morrison, CEO of Fluence. “As a younger company in a market that has seen relatively little innovation in the past fifteen years, we are pleased to be placed as a Challenger and we believe it validates the work of the Fluence team. Fluence boasts deep expertise in the financial close and consolidation space and we bring that expertise directly to our customers and partners with our modern, easy-to-use no-code solution."
Fluence recently announced its partnership with Avant Group and expansion into Japan. The company continues to experience strong momentum and growth in 2023 with 136% increase in organic annual recurring revenue year-over-year.
“A Gartner Magic Quadrant is a culmination of research in a specific market, giving you a wide-angle view of the relative positions of the market’s competitors.” * Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.
Gartner subscribers can access the 2023 Gartner Magic Quadrant for Financial Close and Consolidation here.
*Gartner Methodologies, Gartner Magic Quadrant, https://www.gartner.com/en/research/methodologies/magic-quadrants-research
1Gartner, Magic Quadrant for Financial Close and Consolidation, Nisha Bhandare, Permjeet Gale, Renata Viana, and Jeffrin Francis, 27 November 2023.
GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Fluence Technologies puts control in the hands of finance and accounting teams so they can close faster, report with confidence, and do more with less. Only the Fluence financial close, consolidation, and report management platform delivers an enterprise-grade, out-of-the-box solution for modern, high-growth companies. Truly cloud-based and finance-owned, Fluence’s no-code approach means accelerated time to value and immediate adoption. Welcome to Fluence where we close early.