Austin, Texas – (BUSINESS WIRE) – Place Technology was named “Best New Vendor” in the Pulse of Performance Management Webcast 2021 by BPM Partners. Craig Schiff, CEO of BPM Partners, the leading independent performance management consultancy, announced the recognition during IndustryWeek’s annual live webcast.
The Pulse of Performance Management 2021 is the leading analyst report for performance management. The report draws on data from the BPM Pulse Research Study 2021, which surveyed more than 450 participants on issues related to budgeting, planning, forecasting, consolidation, reporting and analysis. It also focuses on making vendors stand out by identifying and reviewing their core, specialty, and advanced features, latest improvements, market success, and customer satisfaction, with an emphasis on ease of use. Customers rate each provider on a scale from one to five to 15 different attributes as well as an overall rating.
The full results of the report will be released later this month in the 2021 Performance Management Vendor Landscape Matrix report.
Place Technology was launched in early 2020 to address the challenges small and medium-sized businesses face in terms of sales processes, cash management, financial reporting, planning, data aggregation, collaboration and transparency.
“We founded Place to solve the challenges we faced in scaling the last global software company I co-founded. We know firsthand how difficult and time consuming it can be to manage sales cycles, financial reporting, and financial planning, ”said Brandon Metcalf, Founder and CEO of Place Technology. “We are very pleased to receive this prestigious recognition from the leading analyst in our category.”
Place received an “Outstanding” award with an overall rating of 4.80 out of 5. The ability to integrate was the main reason, and the product’s budgeting and planning capabilities were rated the best. The product was also highlighted for its core strengths of product flexibility, rapid implementation, performance and scalability, and operational analysis.
“What’s really unique about [Place Technology] is that it’s tightly integrated with transaction data in real time, “says Schiff.” And that’s so important when you look at operational information. ”
The report also highlights Place Technology’s PlaceCPM product as a flexible cloud-based forecasting solution that dynamically creates P&L forecasts and cash forecasts from the latest real-time transaction data. The system provides streamlined sales planning along with workforce planning, consolidations with support for currency conversions and eliminations, drag-and-drop reports and dashboards. PlaceCPM gives finance teams direct access to sales and operations data with out-of-the-box integration for leading ERP systems.
The Pulse of Performance Management 2021 webcast is designed to help participants identify the most successful vendors who meet their needs, compare their projects, and leverage best practices. The webcast is available for on-demand viewing Here.
Via BPM partners
BPM partner is a privately owned consulting company with an exclusive focus on Business Performance Management (BPM) solutions. The company’s BPM experts help companies solve their most pressing business performance challenges with a comprehensive, fast, and cost-effective BPM methodology. BPM Partners helps companies to train their teams, document requirements, develop a detailed roadmap, select the optimal technology and use selected solutions successfully.
About location technology
Place technology is a venture-backed software company developing innovative applications on the Salesforce platform that focus on simplifying business processes. Their flagship product, PlaceCPM, is financial forecasting, business planning and operations software that helps companies overcome the numerous hurdles they face in balancing growth and profitability with constraints on time, cash flow and resources.