Home / IT / Telecom / Tech/ Oracle ERP Cloud recognised as leader in Gartner Magic Quadrant report

Oracle ERP Cloud recognised as leader in Gartner Magic Quadrant report


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 4 July 2019 01:10


 

  • Oracle named a leader based on completeness of vision and ability to execute

Oracle has been named a Leader in Gartner’s 2019 ‘Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises’ report. Oracle ERP Cloud is positioned as a leader based on its ability to execute and completeness of vision. 

This is the third consecutive year that Oracle ERP Cloud has been recognised 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 specialised 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 organisations, and realise 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. Oracle was also named the Leader in the Gartner 2018 Magic Quadrant for Cloud Financial Planning and Analysis Solutions (with the highest position for its ability to execute) and was named a Leader in the 2018 Magic Quadrant for Cloud Financial Close Solutions. 


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Entrepreneurship key to economic development

Thursday, 21 November 2019

Anyone should be excited to see entrepreneurs. The people should love them as they bring in new products and services and governments should love them as they create jobs and give the Government new tax revenues. Entrepre-neurship development is the


An executive presidency and a technocratic Cabinet accountable to Parliament

Thursday, 21 November 2019

Basil Rajapaksa of the winning party in the 2019 Presidential Election had said that the 19th Amendment (19A) has some good parts and some bad parts. The 19A indeed gives us much despite its flaws. However, the lack of a coherent architecture therein


Sibling wins, patriarch celebrates and minorities stunned

Thursday, 21 November 2019

Is there a more precious gift a family patriarch, who himself a former ruler, could expect to receive on his 74th birthday, than to see his own brother becoming the supreme head of the country he ruled? The victory of Nandasena Gotabaya Rajapaksa (GR


Air India over Colombo

Thursday, 21 November 2019

Amidst the busy politicking in November an unexpected appearance of quite a number of packets of air over the country and in particularly over Colombo caused some distractions and elicited few warnings of a different type. This is about the smog-la


Columnists More