Oracle has been positioned as a leader in the 2021 Gartner® Magic QuadrantTM for product-centric cloud ERP for the third successive year. This Magic Quadrant, which looked at ten companies, “reflects Gartner’s concept of ‘composable ERP”. In order to adapt to current future technology, this strategy provides a core of composable applications and, as a service, software platforms that are highly configurable, interoperable, and flexible.” Oracle was ranked first on the “ability to execute” axis and last on the “completeness of vision” axis.
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.
Also said, “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.”
Oracle Cloud ERP is focused on innovation, with a goal of achieving touchless operations, continuous forecasting, and a better conversational experience. Oracle’s machine learning and artificial intelligence investments in each update are designed to help CFOs and their finance and operations teams shift to a strategic mindset by improving user experience, increasing efficiency, and improving agility, allowing them to better respond to changing market conditions and capitalise on new business opportunities.
OracleCloud ERP is used by over 8,000 companies across different industries and geographies to run their businesses. Financials, accounting hub, procurement, project management, enterprise performance management, risk management, subscription management, and supply chain management& manufacturing are all included in Oracle Cloud ERP’s comprehensive range of enterprise finance and operations features. It’s a self-updating platform that delivers the most sophisticated technologies in the industry every 90 days, allowing businesses to build, innovate, automate, adapt, and utilise new business opportunities on-demand.
Oracle’s financial and performance management products have consistently received industry accolades. For the fifth year in a row, Oracle was rated a Leader in Gartner’s “Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises” in 2021. Oracle has also designated a Customers’ Choice in Gartner Peer Insights’Voice of the Customer’: Cloud Financial Planning and Analysis Solutions for the fourth year in a row, as well as a Leader in the 2020 “Magic Quadrant for Cloud Financial Planning and Analysis Solutions”.
