Gartner Market Guide for ITFM Tools

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The ITFM tool market is growing. The added transparency of ITFM tools enables IT leaders in guiding purposeful communication on the right level. ITFM tools do not come without challenges, though:

The ever increasing speed in the digital era challenges the traditional modus operandi of IT organizations. Digital products and services must be developed in quick and iterative steps to match the speed of industries and ecosystems. This change in how we deliver value points out implications towards organizational structures, how we coordinate work, degrees of freedom, technological structures, such as the right degree of coupling and focused automation, and, last but not least, financial management structures.

In their 2020 article “Disrupting Traditional Approaches to Create a Resilient Innovation Funding Model” the analysts from Gartner focus on the tension between new ways of working and traditional financial management approaches.

Many potential buyers perceive the tools’ complexity and cost considerations as impediments.

Gartner 2020

Interest in learning more about Gartner’s Disrupting Traditional Approaches to Create a Resilient Innovation Funding Model?
Gartner subscribers can read the full report here (external link).

Our approach to complexity reduction draws on experience gained through decades of customer collaboration. Together, we identified the right level of abstraction to enable efficient and effective communication with a minimum of complexity. We consistenly reduce efforts of preparing required data and provide the right information on the right level. The resulting views are valued by IT and business and provide a common cornerstone for joint decision-making. Our continuous approach(1) provides access to financial figures in real-time and enables budgeting of lean and agile ways of working, such as in innovation initiatives or product management – all that without changing financial structures in SAP.

(1) read more in our whitepaper Let’s Roll: How Rolling Forecasts Enable Agile Financial Management

Interest in learning more about Gartner’s 2021 Market Guide for IT Financial Management Tools?
Gartner subscribers can read the full report here (external link).

*Gartner, Market Guide for IT Financial Management Tools, 22 March 2021, Robert Naegle, Chris Ganly. This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Clausmark GmbH. 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. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.