AUSTIN, Texas, Aug. 30, 2021 /PRNewswire/ -- Oracle today
announced that it has been named as a Leader for the third
successive time in the 2021 Gartner® Magic Quadrant for Cloud ERP
for Product-Centric Enterprises for Oracle Fusion Cloud Enterprise
Resource Planning (ERP). This Magic Quadrant, which evaluated
ten providers, "reflects Gartner's definition of 'composable ERP'.
This strategy delivers a core of composable applications and, as a
service, software platforms that are highly configurable,
interoperable, and flexible, in order to adapt to future modern
technology." Oracle was positioned highest on the "ability to
execute" and furthest on the "completeness of
vision" axes. 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 continue to see Oracle Cloud ERP set the standard and be
both the driver and defining factor in our customer's success in
adapting to a dynamic business environment," said Rondy Ng, senior vice president of applications
development, Oracle. "Through it all, Oracle has remained laser
focused on our customer-centric mission and continued to deliver
the quarterly innovations our customers have come to expect.
Gartner's Leader positioning for Oracle Cloud ERP is an honor we
share with our customers."
Innovation is at the heart of Oracle Cloud ERP, with a vision
driving towards touchless operations, continuous forecasting, and
an enhanced conversational experience. Oracle's machine learning
and artificial intelligence investments in each update are designed
to enable CFO's and their finance and operations teams to shift to
a strategic mindset by enhancing the user experience, increasing
efficiency and improving agility to better respond to shifting
market conditions and capitalize on new business opportunities.
More than 8,000 organizations across all industries and
geographies rely on Oracle Cloud ERP to run their businesses.
Oracle Cloud ERP offers a comprehensive set of enterprise finance
and operations capabilities,
including financials, accounting hub,
procurement, project management, enterprise performance
management, risk management, subscription management, and
supply chain management & manufacturing. It is a
self-updating platform that constantly provides customers with the
industry's most advanced technologies every 90 days, giving
organizations the ability to build, innovate, automate, adapt and
leverage new business opportunities on-demand.
Oracle has garnered consistent industry recognition for its
finance and performance management applications. Oracle was
recently named a Leader in the 2021 Gartner "Magic Quadrant for
Cloud Core Financial Management Suites for Midsize, Large and
Global Enterprises1" for the fifth straight year.
Additionally, Oracle was named a Customers' Choice in the 2021
Gartner Peer Insights 'Voice of the Customer': Cloud Financial
Planning and Analysis Solutions2, as well as a Leader in
the 2020 "Magic Quadrant for Cloud Financial Planning and Analysis
Solutions3" for the fourth consecutive year.
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depicted in its research publications, and does not advise
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ratings or other designation. Gartner research publications consist
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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.
About Oracle
Oracle offers integrated suites of
applications plus secure, autonomous infrastructure in the Oracle
Cloud. For more information about Oracle (NYSE: ORCL), please visit
us at www.oracle.com.
Trademarks
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trademarks of Oracle Corporation.
1 Gartner, Magic Quadrant for Cloud Core
Financial Management Suites for Midsize, Large and Global
Enterprises, John Van Decker,
Greg Leiter, Robert Anderson, 10 May
2021
2 Gartner, Gartner Peer Insights 'Voice of the
Customer': Cloud Financial Planning and Analysis Solutions,
11 March 2021
3 Gartner, Magic Quadrant for Cloud Financial
Planning and Analysis Solutions, Greg
Leiter, Robert Anderson,
John Van Decker, 6 October 2020
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SOURCE Oracle