In the dynamic landscape of financial consolidation and close solutions, Fluence Technologies has made a significant mark by securing the position of Challenger in the prestigious Gartner® Magic Quadrant™ for Financial Close and Consolidation Solutions report. In this article, we delve into the key talking points from Gartner's latest report, highlighting Fluence's unique strengths and contributions to the industry.
After a four-year hiatus, Gartner recently released its Magic Quadrant for Financial Close and Consolidation Solutions report. “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.
Fluence Technologies was named a Challenger in the 2023 Gartner® Magic Quadrant™ for Financial Close and Consolidation Solutions. We believe this recognition positions Fluence as a key player that has demonstrated the ability to execute today and illustrated a strategic vision for the future.
Gartner acknowledged Fluence for its exceptional deployment speed, attributing it to the use of standard, out-of-the-box input forms and reports. This efficiency underscores Fluence's commitment to providing clients with a seamless onboarding experience.
A standout feature highlighted by Gartner is Fluence's prebuilt advanced consolidations, offering clients the flexibility to tailor solutions to specific business cases. We believe this tailored approach distinguishes Fluence as a provider that understands the diverse needs of its clients.
Fluence achieved its highest use case rating, Excellent, for efficiency, highlighting the product's embedded workflow across all solutions. We feel this recognition underscores Fluence's commitment to delivering not just functionality but also an efficient and streamlined user experience.
As a younger company, Fluence Technologies takes pride in being recognized in a market that hasn't seen much innovation in the past 15 years. We feel that being identified as a Challenger among enterprise legacy vendors validates Fluence's depth of expertise and technological prowess.
At Fluence Technologies, we believe the recognition as a Challenger in the Gartner® Magic Quadrant™ for Financial Close and Consolidation Solutions reflects a commitment to innovation, efficiency, and tailored solutions. As businesses navigate the complex landscape of financial consolidation, Fluence emerges as a forward-thinking partner, ready to meet the diverse needs of the evolving market. 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.
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