Forrester Research has named Cognos as a Business Performance Solutions leader in its newly released report: The Forrester Wave: Business Performance Solutions, Q4 2007. Forrester named Cognos as a leader based on the company's current product offerings, long-term strategy and market presence.
Cognos was among 10 companies selected by Forrester to participate in its report on the business performance market. Specifically, Cognos scored top marks on categories related to Functional and Industry-specific Performance Management, Product Strategy and Vision and Strategic Alliances. The company was cited for its thought leadership and product depth and maturity.
"Cognos is a leader in Business Performance Solutions (BPS) with a sophisticated vision and thought leadership programs as well as maturity and depth in scorecarding, planning, and consolidations. Cognos also offers a broad portfolio of planning and analytical performance blueprints that address a wide variety of functional domains and industry vertical segments," notes Paul Hamerman, vice president and principal analyst at Forrester, in the report.
Says David McWilliam, MD at Cognos South Africa: "This research further reinforces our position as a leader in the Performance Management sector and is reflection of our goal to move beyond BI. We are one of the few focussed, independent vendors that continue to set new standards in innovation and functionality to help our customers achieve greater insights into business performance."
Cognos financial performance management solutions provide a single line of sight across all time horizons. Planning and consolidation combine the forward management view of the business (planning, budgeting and forecasting) with the current and historical view of the business (consolidations, reporting, and financial analytics.)
This integrated operational and financial view lets customers proactively address business challenges for greater operational effectiveness. Cognos financial performance management solutions, together with business intelligence, are key elements of the Cognos Performance Management System, which combines technology, best practices, analytical applications and solutions, and a broad network of partners into a single performance management solution for customers.