Gartner Named Mastt a 2023 Cool Vendor in Capital Investment Software

In August 2023, Gartner published its Cool Vendors in Capital Investment Management Software report. Mastt was one of three vendors named globally.

By that point, adoption of capital management tools had grown 10% year over year as organizations pushed away from spreadsheets, but established FP&A vendors weren't keeping up. Gartner's Cool Vendor research calls out emerging vendors solving problems the mainstream market has missed, and Mastt made the list.

What Made Mastt 'Cool' to Gartner

Mastt was built to solve a problem that most financial planning and analysis (FP&A) software wasn't designed to handle. Construction and infrastructure capital investments have their own lifecycle, own reporting needs, and own stakeholders. Generic platforms weren't built for that. Clients were either spending heavily on customization or falling back on spreadsheets.

Mastt went the other direction. The company focused narrowly on reporting and executive dashboarding for construction asset owners, covering the full delivery lifecycle from project initiation and planning through to design and construction.

"Mastt was founded to address gaps in the software available to manage capital investments."
‍_{- Gartner, Cool Vendors in Capital Investment Management Software (2023)}

1. Built for Asset Owners, Not Contractors

Most construction software is built for general contractors, designed to track builds from the builder's perspective. Mastt is built for the organization that owns the project or asset, giving them a corporate view of the investment rather than a site-level view of the work.

That corporate view does a few things general contractor software doesn't:

• Project data rolls up to portfolio level across all active investments.
• Owners see cost and performance data as the work happens, not in a report a month later.
• Better investment decisions can be made throughout the entire project lifecycle.
• Dashboard engagement is tracked, showing who is using the data and how, so the quality of information can keep improving.
• Lessons from each project carry forward into future investment decisions.

Gartner noted that Mastt had been adopted across education, retail, government, and real estate. One example cited directly is that the Australian Department of Defence uses Mastt to manage infrastructure projects ranging from $10 million to $300 million.

2. Fast to Implement by Design

Staying focused on one customer type rather than trying to serve everyone let Mastt build something that works out of the box.

The report described Mastt's lean implementation approach as reducing reliance on outside resources, with most organizations up and running within a couple of weeks.

Most software rollouts in this space take months before delivering anything useful. That kind of time to value is a real differentiator.

How Mastt Maps to the Capital Investment Lifecycle

Gartner's report mapped Mastt's capabilities across the four stages of capital investment management. Active capabilities are in bold. Grayed items are potentially available through scoped integrations.

Investment monitoring is where Mastt covers the most ground, with all five capabilities active natively. That's the stage where cost and performance data is live, and where investment decisions still have a real impact on outcomes.

Who Gets the Most From Mastt

The report was aimed at FP&A leaders, but the day-to-day users are typically project owners, PMOs, and capital program directors managing active construction programs. The fit is strongest for:

• Government agencies and infrastructure bodies that manage multiple capital projects at once.
• Education institutions and health organizations running active capital improvement programs.
• Real estate and property owners overseeing development at portfolio scale.
• Project management offices that report investment performance to boards or ministers.

Gartner recommended that FP&A leaders with large construction asset investments evaluate Mastt for its quick time to value, and noted that organizations with non-construction assets could also extend Mastt's dashboarding and reporting capabilities to other investment types.

Worth knowing before evaluating: Mastt's capabilities start once a project is initiated. Organizations that need software for capital evaluation and prioritization before that point will need a separate tool for that earlier stage.

For FP&A leaders managing multiple types of capital beyond construction, the platform's focused scope does narrow the use case, though other asset types can still be managed within it.

Mastt continues to grow and expand its capabilities as it matures.

Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner, Cool Vendors in Capital Investment Management Software, Michelle Carlsen, Vaughan Archer, 10 August 2023.