Anaplan’s competition from the cloud software world includes Adaptive Insights, Host Analytics, and Tidemark Systems. Although specific forecasts for this slice of the cloud financial software market are elusive, Forrester
Research predicts that more than $23.1 billion will be spent on financial management software in 2016, second only to apps for managing customer relationships.
As for the players. Tidemark had an estimated 75 corporate accounts last fall including Netflix. The Redwood City, Calif., company disclosed a “growth investment” in late July from Marlin Equity Partners to expand into new geographies, but didn’t reveal the amount. (It previously raised more than $100 million.) Tidemark said its annual recurring revenue has grown 100% over the past 12 months, but it doesn’t provide a baseline.
Tidemark customer AAA Washington, which represents more than 1.2 million regional AAA members, adopted Tidemark’s software last year in order to speed its planning cycles. The system helped shave at least four weeks off the process by giving branch managers better access to the numbers needed for their projects, said AAA senior analyst Peter Hessler. Previously, they had to contact someone in the central finance group for that information.
Host Analytics is also growing quickly, according to an update the Redwood City company issued in late July.
Reference : Clancy, H. (2016). Business Planners Are Turning to the Cloud. Retrieved August 30, 2016, from http://fortune.com/2016/08/24/anaplan-cloud-business-planning/
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