XLReporting named as key player in budgeting software market

author Nicola van Rijn

The need for advanced financial tools and the need to track and forecast income and cashflow is on a rise and so is XLReporting!

We have been busy and that hasn't gone unnoticed in the market. We have been mentioned favourably in the press on several occasions over the past years.

XLReporting has won Awards

In 2021 we were nominated for the category Financial Modelling Innovation award at the Financial Modelling Summit.

financial modelling award

This year is off to a good start as well. XLReporting has been given the “Rising Star award 2023” by FinancesOnline. Read their review of XLReporting and why we are widely seen as a key player in the market for management forecasting software.

financial modelling award

XLReporting named as Key Player

And it doesn’t stop there. We are also mentioned in a comprehensive study on the Budgeting Management Software Market by AMA research.

This study, which evaluates market size, trends, and forecasts up to 2027 and is meant to help managers, analysts and industry experts to understand the market, has recognized XLReporting as one of the key players in the field of budgeting and forecasting, and one of the leading 4 players in Europe.

The market study is being classified by Type (Cloud-based and On-premises), by Application (Small and Medium Enterprises (SMEs), Large Enterprises and Personal) and major geographies with country level break-up.

Board International (Switzerland), XLReporting (Netherlands), Microsoft Corporation (United States), SAP (Germany), IBM Corporation (United States), Solver (United States) and Clearview Software (United States) are some of the key players profiled in the study.

These companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Budgeting Management Software market throughout the predicted period.

The criteria that were used in the study to be included in the “Budgeting and Forecasting” category are that a product must:

  • Provide templates for different types of budgets, allow users to create different versions of a budget, maintain the budgeting history, and thereby make forecasts, revenue- and compare expenditure estimates with actual values.
  • Consolidate budgets from multiple departments, use what-if scenarios to predict possible budget changes, and monitor the performance of budgeting processes.

Yep, we got all that and much more.

XLReporting in the News

And there is more.

Our founder and director Johan Smith was recently interviewed by "Website Planet” to talk about the story behind XLReporting, the benefits our platform offers to clients and to articulate what makes our software so unique.

Read the interview and find out yourself how XLReporting began and progressed over time, and how XLReporting helps our clients to transform their data into a management cockpit.

The interview also touched on the launch of our newest “Essentials” template, containing ready to use connectors, reports and budget models for 3-way financial management and forecasting. This template, which uses the latest features, is the ideal starting point for most of our clients. They use it as-is, or they’ll expand it to their own needs over time.

As a company, we are modest and hard-working, and our customers are always at the top of our mind.

But it is great to get this level of recognition in the market. So, on this one occasion, we take some time to be proud and share this news with you. Thanks to our loyal clients we are super motivated to continue our journey to help our clients being even more succesful.

Stay tuned and follow us on our journey.

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