Oracle has been named the sole Leader in Gartner’s 2020 “Magic Quadrant for Cloud ERP for Product-Centric Enterprises1” report for the second consecutive time.
Gartner evaluated 9 products, again recognizing Oracle Fusion Cloud Enterprise Resource Planning (ERP) as the only Leader based on its ability to execute and completeness of vision. A complimentary copy of the report is available here.
According to the report,“Leaders demonstrate a market-defining vision of how ERP product-centric systems and processes can be supported and improved by moving them to the cloud. They couple this with a clear ability to execute their vision through products, services and go-to-market strategies. They have a strong presence in the market and are growing their revenue and market shares. In the cloud ERP suite market, Leaders show a consistent ability to win deals with organizations of different sizes. They have a good depth of functionality across all areas of operational and administrative ERP. They have proof of multiple, successful deployments by customers. Their system integrator partners frequently use their offerings to support business transformation initiatives.”
“We are honored by Gartner’s recognition of our continued Leadership,” said Rondy Ng, senior vice president, Oracle Applications Development. “As CFOs and Operational Leaders focus on business rejuvenation, Oracle’s complete, versatile and innovation-driven solution is the backbone customers are relying upon to react to market demands, reimagine business processes, and recalibrate their organizations for near-term and long-term success.”
More than 7,100 organizations across 23 industries and in over 125 countries look to Oracle’s complete financial, operational, manufacturing and supply chain solution delivered natively on the Cloud for better business outcomes. Customers are rapidly taking advantage of on-going quarterly innovation updates in machine learning/AI, digital assistants, IoT, and world-class analytics to help their teams harness operational, machine, and product data to drive process efficiency, predict trends, model scenarios, and plan effectively.
Over seven years of unparalleled partnership between these customer organizations, implementation partners, and Oracle have also created a mature global ecosystem of expertise to enable fast time-to-value journey to cloud. Oracle and its partner community offer world-class proven services from best practice cloud adoption strategy, to implementation and go-live support, and ultimately ongoing business process optimization and innovation adoption. In addition, customers also benefit from Cloud Customer Connect, a premier, vibrant, 200,000 member strong community, designed to promote peer-to-peer collaboration and engagement with Oracle’s product development experts.
Oracle ERP features a full range of business capabilities including Financials, Procurement, Project Management, Enterprise Performance Management (EPM) and Risk Management & Compliance. With native integration to the broader suite of Oracle Cloud Applications, including supply chain and manufacturing, human resources, and sales, service, and marketing, Oracle provides a complete solution to help customers enhance productivity, reduce costs and improve controls.
Oracle has been named a Leader in a number of finance and ERP-related Gartner Magic Quadrants. In addition to being recognized as a Leader in Gartner’s 2020 “Magic Quadrant for Cloud ERP for Product-Centric Enterprises” Oracle was also named a Leader in Gartner’s 2019 “Magic Quadrant for Cloud Financial Close Solutions2” and 2019 “Magic Quadrant for Cloud Financial Planning and Analysis Solutions3” reports. Oracle was most recently recognized as a Leader in Gartner’s 2020 “Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises4” for the fourth consecutive year.
1. Gartner, Magic Quadrant for Cloud ERP for Product-Centric Enterprises, Tim Faith, Duy Nguyen, Denis Torii, Paul Schenck, Christian Hestermann, 22 June 2020
2. Gartner, Magic Quadrant for Cloud Financial Close Solutions, Robert Anderson, John Van Decker, Greg Leiter, 21 October 2019
3. Gartner, Magic Quadrant for Cloud Financial Planning and Analysis Solutions, Robert Anderson, John Van Decker, Greg Leiter, 8 August 2019
4. Gartner, Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises, Robert Anderson, Greg Leiter, John Van Decker, 29 June 2020
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