Lumel Named Best New Vendor on the BPM 2024 Pulse Survey
BPM Partners Announce This Year's Top Vendors and Vendor Awards
across eight criteria.
PLANO,
Texas, June 18, 2024 /PRNewswire/ -- Lumel has
been named the Best New Vendor in the BPM solutions category by the
independent US market analysts BPM Partners. The award is based on
the results of their "Pulse of Performance Management 2024" survey,
which gathered insights from over 350 users of business performance
management, planning, and consolidation solutions in large and
medium-sized enterprises worldwide.
Lumel stood out in this year's survey for its Ease of use,
Product Flexibility, Streamlined Integration, Intuitive Interface,
and Comprehensive Planning Capabilities for finance, sales,
workforce, and operational planning.
This week, Craig Schiff, CEO of
BPM Partners, announced the results in a webcast from Stamford, Connecticut, highlighting Lumel's
innovative approach to integrating planning and consolidation with
self-service analytics embedded with Microsoft Power BI.
Craig Schiff elaborated on
Lumel's success: "Lumel brings connected planning into Microsoft
Power BI, significantly enhancing planning workflows, business
insights, and time-to-value. Their Real-time Integrated Planning
suite offers no-code, out-of-the-box functionality for various
planning and reporting needs, including sales forecasting,
budgeting, financial planning, operational planning, and data
visualization. Lumel's offerings are intuitive and designed for
rapid deployment, making them an ideal choice for businesses
seeking to streamline their performance management processes."
Lumel's customer base has grown to over 3,000 organizations
worldwide. It provides a one-stop solution for real-time integrated
planning, reporting, analytics, and storytelling bundled as an EPM
suite. With more than 250 full-time employees, Lumel continues to
deliver innovative products that address the comprehensive data
application needs of large enterprises.
Gopal Krishnamurthy, Founder and
CEO of Lumel, expressed his gratitude for the recognition: "Being
named the Best New Vendor by BPM Partners is a testament to our
team's hard work and passion for innovation. Our commitment is to
bring real-time and self-service to planning with an innovative
cloud-native architecture that brings integrated and collaborative
planning solutions that are very intuitive and easy to use. We are
very encouraged to see our solutions' immediate value, which our
customers and the industry are recognizing. This award motivates us
to continue pushing the boundaries of innovation in performance
management."
Lumel's product portfolio offers a starter Standard Edition for
their EPM Suite. It is designed for rapid deployment by bringing
planning to your actual data and using integrated features for
rolling forecasts, scenario planning, snapshot comparisons, and
variance analysis using no-code write-back. The Enterprise Edition
extends these capabilities with advanced modeling, reporting,
storytelling, and robust reference and metadata management
features.
About BPM Partners
BPM Partners is the leading
independent authority on business performance management
(BPM/CPM/EPM) and related business intelligence solutions. Forbes
has recognized it as one of America's best management consulting
firms. The company helps organizations address budgeting, planning,
financial consolidation, close and reporting, regulatory
compliance, profitability optimization, key performance indicator
(KPI) development, and operational performance challenges.
Vendor-neutral experts guide companies through their BPM
initiatives from start to finish while reducing risk and minimizing
costs. For further details, go to BPMPartners.com. Follow BPM
Partners on Twitter @BPMTeam and LinkedIn BPM Partners |
LinkedIn.
About Lumel
Lumel Technologies Inc. is the #1
Power BI AppSource Partner, serving over 3,000 customers with a
team of 250+ employees. We help enterprises retire legacy BI,
Reporting, and Planning applications and help customers consolidate
in Power BI & Fabric. We offer a comprehensive suite of no-code
data apps for planning, budgeting, forecasting, reporting,
storytelling, visualization, master/reference data management, and
governance.
Our real-time integrated and collaborative planning with
Lumel XP&A suite brings planning to your data so that you do
not have to move around source data or create new data marts. With
Lumel, business users can enter forecasts & budgets, perform
no-code writeback to online/cloud data stores, edit master data
with governance, and integrate plans seamlessly.
Lumel is headquartered in Plano,
Texas.
For more information, visit www.Lumel.com
Contact: Gabriela Fatone Lumel +1
917-750-8837 email us here: 379257@email4pr.com
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SOURCE Lumel Technologies INC