Infor has announced that Gartner Inc. has positioned Infor CloudSuite in the Visionaries quadrant of the 2020 Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises. Infor was positioned highest for the ability to execute in the Visionaries quadrant.
“We believe Infor’s placement as a Visionary in this Gartner Magic Quadrant recognizes our ability to provide CloudSuites that are designed to serve certain specific needs of a variety of industries, including manufacturing, healthcare, distribution, public sector, retail, and hospitality,” said Soma Somasundaram, Infor chief technology officer and president of products. “Infor’s CloudSuites utilize our leading technology platform, Infor OS to power next-generation user experiences, integrations, and workflows, which are designed to help increase productivity and collaboration.”
“Infor CloudSuite delivers back-office operations, key industry analytics and reporting — along with mobile access and implementation accelerators — in an effort to help lower companies’ risks and help keep them current with the latest innovations,” he added. “This can provide enterprises with agility and flexibility to help drive performance and scalability and assist in reducing time-to-value.”
In its Magic Quadrant for Cloud ERP for Product-Centric Enterprises, Gartner notes that “By 2022, 30% of large enterprises will have moved to a platform- and product-centric approach with standardized ERP capabilities at the platform core.”
In addition, the report stated, “By 2025, the top four ERP vendors will rebrand themselves as business platform providers.”
According to the Magic Quadrant report, “Gartner defines a product-centric cloud ERP suite as a set of loosely coupled products comprising:
- Operational ERP — supply chain and manufacturing-related functionality such as demand management, order management, material requirements planning (MRP), inventory management, supply chain/direct procurement, manufacturing control capabilities, and distribution/logistics.
- Financial management functionality (those vendors that provide only financial management as a suite are rated in a separate Magic Quadrant).
- Purchasing focused on indirect goods, services and capital equipment.
- HCM — for cost management as well as staffing for operational resources.
- Specialized, industry-specific modules or applications including, but not limited to, modules such as configure-to-order (CTO) or make-to-order (MTO), and field service management (FSM), or broader application solutions like enterprise asset management (EAM) and product life cycle management (PLM).”