REDWOOD SHORES, Calif., June 20,
2019 /PRNewswire/ -- Oracle (NYSE: ORCL) has been named
a Leader in Gartner's 2019 "Magic Quadrant for Cloud Core Financial
Management Suites for Midsize, Large and Global Enterprises"
report1. Oracle ERP Cloud is positioned as a Leader
based on its ability to execute and completeness of vision. A
complimentary copy of the report is available here.
This is the third consecutive year that Oracle ERP Cloud has
been recognized as a Leader in Gartner's report, and out of 10
products evaluated, Oracle ERP Cloud is positioned highest for
ability to execute as well as furthest to the right for
completeness of vision.
According to the report, "Leaders demonstrate a market-defining
vision of how core financial management systems and processes can
be supported and improved by moving them to the cloud. They couple
this with a clear ability to execute this vision through products,
services and go-to-market strategies. They have a strong presence
in the market and are growing their revenue and market share. In
this market, Leaders show a consistent ability to secure deals with
enterprises of different sizes, and have a good depth of
functionality across all areas of core financial management. They
have multiple proofs of successful deployments by customers, both
in their home region and elsewhere. Their offerings are often used
by system integrator partners to support financial transformation
initiatives. Leaders typically address a wide market audience by
supporting broad market requirements. However, they may fail to
meet the specific needs of vertical markets or other, more
specialized segments, which might be better addressed by Niche
Players in particular."
"Oracle remains laser-focused on our customer's success. We are
committed to continued significant investments in innovation that
can help our 6,000+ ERP Cloud customers drive operational
excellence in finance," said Rondy
Ng, Senior Vice President, Applications Development, Oracle.
"We are ecstatic to be acknowledged once again as a Leader by
Gartner. We believe this report is a validation of our product
strengths, investment focus, and customer successes."
Oracle ERP Cloud includes complete ERP capabilities
across Financials, Procurement, and Project
Portfolio Management (PPM), as well as Enterprise Performance
Management (EPM) and Governance Risk and Compliance (GRC).
Together with Supply Chain Management (SCM) and native
integration with the broader Oracle Cloud Applications suite, which
includes Human Capital Management (HCM) and Customer Experience
(CX) SaaS applications, Oracle helps customers to stay ahead of
changing expectations, build adaptable organizations, and realize
the potential of the latest innovations.
Oracle portfolio of financial management and planning cloud
offerings have garnered industry recognition. Oracle ERP Cloud was
named the sole Leader in Gartner's 2018 Magic Quadrant for
Cloud ERP for Product-Centric Midsize Enterprises.2
Oracle was also named the Leader in the Gartner 2018 Magic
Quadrant for Cloud Financial Planning and Analysis
Solutions3 (with the highest position for its ability to
execute) and was named a Leader in the 2018 Magic Quadrant for
Cloud Financial Close Solutions.4
1Gartner Magic Quadrant for Cloud Core Financial
Management Suites for Midsize, Large and Global Enterprises,
John Van Decker, Robert Anderson, Greg
Leiter, 13 May 2019
2Gartner Magic Quadrant for Cloud ERP for
Product-Centric Midsize Enterprises, Mike
Guay, John Van Decker,
Christian Hestermann, Nigel Montgomery, Duy
Nguyen, Denis Torii,
Paul Saunders, Paul Schenck, Tim
Faith, 31 October 2018
3Gartner Magic Quadrant for Cloud Financial Planning
and Analysis Solutions, Christopher
Iervolino, John Van Decker,
24 July 2018
4Gartner Magic Quadrant for Cloud Financial Close
Solutions, John Van Decker,
Christopher Iervolino, 26 July 2018
Gartner 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.
Additional Information
For additional information on
Oracle ERP Cloud applications, visit Oracle Enterprise
Resource Planning (ERP)
Cloud's Facebook and Twitter or the Modern
Finance Leader blog.
About Oracle
The Oracle Cloud offers a
complete suite of integrated applications for Sales,
Service, Marketing, Human Resources, Finance, Supply Chain and
Manufacturing, plus Highly Automated and Secure Generation 2
Infrastructure featuring the Oracle Autonomous Database. For
more information about Oracle (NYSE: ORCL), please visit us
at oracle.com.
Trademarks
Oracle and Java are registered trademarks
of Oracle and/or its affiliates. Other names may be trademarks of
their respective owners.
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