The 2024 Gartner^® Magic Quadrant^™ for Cloud Financial Management Tools

Unveiling recognized 2024 cloud financial management tools

The cloud revolution has transformed how businesses operate, but it's also created a complex financial landscape. Managing costs, optimizing resources and maintaining visibility across multi-cloud environments is a growing challenge. That's where cloud financial management (CFM) tools come in.

Gartner^® highlights that "by 2027, a lack of sound cloud financial management practices will be the primary reason for over 90% of enterprises that halt or slow cloud migrations, up from less than 30% today."

In its comprehensive evaluation of CFM tools, Gartner identified, researched, analyzed and positioned 11 vendors. Flexera is proud to be recognized as a Leader in the first Gartner^® Magic Quadrant^™ on CFM tools.

We’re thrilled to provide organizations with a unified view of the entire IT environment via Flexera One FinOps, enabling efficient cost and risk management for all technology assets across on-premises, public cloud and hybrid deployments.

Download the 2024 Magic Quadrant^™ report to:

• Identify the right CFM solution: Evaluate vendors based on their Completeness of Vision and Ability to Execute
• Optimize cloud spend and gain control: Track and analyze your cloud costs to uncover hidden savings and maximize ROI
• Future-proof your financial strategy: select a CFM solution that can adapt and grow with your business needs

Gartner^® "Magic Quadrant for Cloud Financial Management Tools " by analysts Dennis Smith, David Wright, Marco Meinardi, Ang Troy and Ken Rothenberger, 15 October 2024.

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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 Flexera.

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