Analyst evaluation
MagicOrange is a Leader in The Forrester Wave™: IT Financial Management Software, Q2 2026.
Forrester evaluated eight vendors. It gave MagicOrange the highest score in the evaluation for cost transparency model building, and its top score for allocation, chargeback and showback, for reporting and dashboarding and for pricing flexibility and transparency.
MagicOrange has “the cleanest cost transparency model-building interface in this evaluation.” Its All-Back feature “allows users to trace cost impacts up and down the entire cost transparency model in one user-friendly view.”
“MagicOrange’s enterprise financial management concept anticipates the necessity for ITFM platforms to bring in costs outside of technology to effectively govern the full costs and benefits of AI transformation.”
“MagicOrange is a strong fit for organizations seeking modern analytics, speed, and ease of use without unnecessary complexity.”
Forrester also found that customers felt MagicOrange was part of their team.
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Ranked first in Research In Action’s 2024 Vendor Selection Matrix for IT financial management and TBM solutions.
Read the announcementCertification
The FinOps Certified Platform designation confirms that MagicOrange meets the FinOps Foundation’s criteria for capability, interoperability and real-world impact. The Foundation has also recognized MagicOrange as a Certified Training Partner.
Customer awards
TBM Pioneer EMEA 2026, TBM Council
The TBM Council’s highest individual recognition. Absa embedded TBM across a 40,000-person financial institution in 12 countries, then took it to branch level, with costs visible by transaction, job title and work center. Absa was also a finalist in 2025.
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