1、The Office of the CFOThe Office of the CFOMARKET PERSPECTIVES AND COVERAGESectorSectori insightsnsightsH1-EXECUTIVE SUMMARY2THE OCFO SOFTWARE STACK REMAINS A PRIORITY FOR INVESTORS,UNDERPINNED BY STRONG MARKET FUNDAMENTALS AND SUSTAINED TRANSACTION MOMENTUMNote:1)Represents financial management TAM

2、only,excludes TAMs of employee management and broader corporate secretaryLarge global TAMLarge global TAM1 1$65-75bn$110-125bn2024A2024A2029E2029EGlobal Global corcore OCFO e OCFO software spendsoftware spend1 1Largest subcategories:Core financial management,tax management,source-to-pay,CPM,and FP&A

3、Strong,secular growthStrong,secular growth2 2Backed by long-term drivers like digitization,the CFOs mandate for strategic value creation,and heightened requirements for compliance and reporting transparency.Projected Projected growth in OCFO software spendgrowth in OCFO software spendStrong transact

4、ion activityStrong transaction activity3 3Continued high transaction activity,driven by sustainable theme of consolidating point solutions to scale broader suite offerings.#150+#150+M&A dealsM&A dealsLTM OCFO M&A deal activity globallyLTM OCFO M&A deal activity globally1212-14%14%CAGR 2024A-2029EEXE

5、CUTIVE SUMMARY3SUBSTANTIAL GREENFIELD MARKETS COMBINED WITH HIGHLY APPEALING SECULAR TAILWINDS DRIVING ADOPTION AND DEMAND FOR OFFICE OF THE CFO SOLUTIONSCore accounting,close,and consolidation tools are increasingly viewed as standardized,driving price pressure and bundling strategies.Vendors are s

6、eeking differentiation through adjacent module expansion(e.g.,tax,FP&A,treasury)and deeper integration into enterprise workflows.Commoditization in core Commoditization in core finance and closefinance and closeCompliance®ulation Compliance®ulation reshaping the stackreshaping the stackHorizon